Kazakhstan plans to reduce its state monopoly

Business Materials 11 January 2012 14:37 (UTC +04:00)

Kazakhstan, Astana, Jan. 11 / Trend L. Podolyak /

The members of the Senate (upper house) of the Kazakh Parliament adopted a bill on 'Making amendments and additions to some legislative acts on a state monopoly of the Republic of Kazakhstan' on its first reading.
The bill seeks to make changes to 27 laws of the Republic of Kazakhstan. They are aimed at bringing it into conformity with the norms of the laws of competition, as well as the interaction of legislative acts.

If the bill is adopted, it is planned to reduce the areas covered by the state monopoly, by fixing the exclusive rights of the state on the manufacture, sale, purchase or use of goods.

According to the bill tariffs will be approved at government level to ensure maximum transparency in pricing, as well as to prevent setting of high tariffs by the state monopoly body and infringing the legitimate rights of consumers.

The adoption of the bill will ensure the harmonisation of national legislations of the Customs Union member countries including Kazakhstan, Russia and Belarus in the area of state monopoly.