The seminar, attended by business entities operating in various product and service markets, provided detailed information on the requirements of competition legislation and the mechanisms for its enforcement.
Another awareness-raising seminar on the requirements of the Competition Code was held at the State Agency for Antimonopoly and Consumer Market Control under the President of the Republic of Azerbaijan. More than 20 business entities engaged in the production and sale of food and non-food products, construction materials and pharmaceuticals took part in it.
Famil Najafzada, Deputy Head of the Antimonopoly Control Division of the Agency, spoke about the economic essence of competition, the objectives of competition policy, the functions of the competent authority in this area and the requirements of competition legislation. It was noted that fostering a healthy competitive environment helps to ensure equal opportunities for businesses and to protect consumers’ interests.
Next, Imangulu Muradzada, Head of Sector of the same Division, delivered a presentation titled “Anti-Competitive Agreements: Horizontal and Vertical Agreements, Concerted Practices and Cartel Agreements”. The presentation provided a detailed overview of the legal assessment of anti-competitive agreements and the liability prescribed by law for violations in this area.
At the end of the seminar, participants’ questions were answered and clarifications were given with practical examples.
