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Serik Zhumangarin, EEC Minister, participated in the meeting of the OECD Global Competition Forum

Serik Zhumangarin, EEC Minister, participated in the meeting of the OECD Global Competition Forum

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Competition clauses in trade agreements, competition issues in the age of developing digital economy, and problems related to the efficiency of activities carried out by competition agencies became the key topics of the 18th meeting of the Global Competition Forum held in Paris (France) on December 5-6. The Review of Competition Clauses in Trade Agreements of the Eurasian Economic Union (EAEU) was presented on the Forum's sidelines by Serik Zhumangarin, Member of the Board - Minister in charge of Competition and Antitrust Regulation of the Eurasian Economic Commission (EEC).

The EEC Minister noted: "Trade agreements of the Eurasian Economic Union include a "basic set" of competition clauses that comprises at least four key issues. These are listing the types of anti-competitive practices and taking actions against them, guarantees of transparent and non-discriminatory application of competition law by the parties, information transparency in the sphere of competition legislation and transparency of decisions made by authorized authorities, as well as development of cooperation between the participating countries' competition agencies."

Nowadays, the EAEU has trade agreements with Vietnam, China, Iran, Serbia, and Singapore. According to Serik Zhumangarin, "the current year is the third year the free trade area with Vietnam has been operating. There has been significant growth of the EAEU States' exports to Vietnam since the agreement was signed: in 2018 over 2016, exports increased by 60% – up to 2.6 bln dollars. The volume of imports from Vietnam rose by 46% – up to 3.9 bln dollars."

The EEC Minister also emphasized that the current agreements had a separate chapter on competition. The currently negotiated draft texts of trade agreements with Egypt, Israel, and India contain relevant chapters as well.

For reference

As the annual event organized by the Competition Committee of the Organization for Economic Cooperation and Development (OECD), the Global Competition Forum is a unique venue for discussing a variety of issues. Its format envisages that the event will be attended by top officials of competition authorities from across the world.​