Kazakhstan to harmonize its antimonopoly law with Russia and Belarus.

By bne IntelliNews June 21, 2012
Kazakh Vice EconMin Abai Iskandirov has presented a draft law On Amendments to the Competition Laws of the Republic of Kazakhstan. New law is aimed at harmonizing the Kazakh, Russian and Belarus legislations. The law proposes sanctions for violation of the antimonopoly law. It is an attempt to create a legal framework of the Common Economic Space between three participants of the customs Union and to reduce administrative barriers for the market players as well as remove mechanisms and procedures that hinder competition.

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