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Azerbaijan shares insights into newly drafted trade law

Economy Materials 18 January 2024 12:24 (UTC +04:00)
Azerbaijan shares insights into newly drafted trade law
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, January 18. Azerbaijan has prepared a law "On Trade," which is currently in the stage of approval. Head of the State Service for Anti-monopoly Control and Consumer Market Supervision under the Ministry of Economy of Azerbaijan Mammad Abbasbayli, said during the press conference dedicated to the results of activity for 2023, Trend reports.

"At the same time, work is underway to create an electronic tender portal. It will make an important contribution to the development of flexibility, transparency, and focus. The project has been submitted to the Cabinet of Ministers and will be commissioned in the near future," he added.

To note, the State Service for Anti-monopoly Control and Consumer Market Supervision is involved in the preparation and implementation of state policy in the fields of anti-monopoly policy, public procurement, technical regulation, standardization, metrology, and consumer protection. The main mission of the service is to create conditions for free competition and effective protection of entrepreneurship, which ensures the sustainable development of the country's economy.

Meanwhile, the State Service for Anti-monopoly Control and Consumer Market Surveillance was established by the decree of the President of the Republic of Azerbaijan dated October 23, 2019.

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