Draft ordinance on countering monopolization in trade under impact assessment – MART
<p> MINSK, Jun 29 - PrimePress. The draft ordinance of the president of Belarus ‘On Counteracting Monopolization in Trade’ is undergoing impact assessment procedure, the Ministry of Antimonopoly Regulation and Trade of Belarus (MART) reports. </p> <p> </p> <p> The draft provides for additional regulation of the food retail market. At present, Belarus’ legislation does not define domination in the food retail market. </p> <p> </p> <p> The draft defines a business entity engaged in retail trade in foods through retail chains or large stores, which accounts for over 15% of the national food retail turnover as occupying a dominant share of the food retail market. </p> <p> </p> <p> The status of a dominant market entity will impart extra responsibilities and impose certain restrictions, such as a limit on bonuses fr om suppliers for such monopolists. </p> <p> </p> <p> Currently, infrastructural restrictions limit the share of one outlet chain in the food products turnover to 20% within an oblast, Minsk city, cities of regional subordination, and districts. If this lim it is exceeded, local authorities are to disapprove the placement of a trade outlet of such business entity. This regulation remains in the food market legislation. </p> <p> </p> <p> Minister of Antimonopoly Regulation and Trade Vladimir Koltovich told reporters in June 2020 that the president of Belarus agreed to the MART’s proposal regarding new parameters for defining a market monopoly. Koltovich expected the ordinance to be issued in early 2021. </p> <p> </p> <p> As reported, as part of the cooperation agreement signed on April 24, 2019, the Ministry of Antimonopoly Regulation and Trade of Belarus and the International Finance Corporation started a pilot project to forecast impacts of the draft ordinance on countering monopolization in trade. </p> <p> </p> <p> MART appointed and ad hoc group on March 25, 2019 to assess regulatory impacts of the draft ordinance. The group includes representatives of the National Statistics Committee of Belarus (Belstat), National Bank, Ministry of Economy, Ministry of Finance, Ministry of Information, International Finance Corporation, and the academic community. The first meeting of the group was held on August 1, 2019. End </p>
2020-06-30
Primepress
MINSK, Jun 29 - PrimePress. The draft ordinance of the president of Belarus ‘On Counteracting Monopolization in Trade’ is undergoing impact assessment procedure, the Ministry of Antimonopoly Regulation and Trade of Belarus (MART) reports.
The draft provides for additional regulation of the food retail market. At present, Belarus’ legislation does not define domination in the food retail market.
The draft defines a business entity engaged in retail trade in foods through retail chains or large stores, which accounts for over 15% of the national food retail turnover as occupying a dominant share of the food retail market.
The status of a dominant market entity will impart extra responsibilities and impose certain restrictions, such as a limit on bonuses fr om suppliers for such monopolists.
Currently, infrastructural restrictions limit the share of one outlet chain in the food products turnover to 20% within an oblast, Minsk city, cities of regional subordination, and districts. If this lim it is exceeded, local authorities are to disapprove the placement of a trade outlet of such business entity. This regulation remains in the food market legislation.
Minister of Antimonopoly Regulation and Trade Vladimir Koltovich told reporters in June 2020 that the president of Belarus agreed to the MART’s proposal regarding new parameters for defining a market monopoly. Koltovich expected the ordinance to be issued in early 2021.
As reported, as part of the cooperation agreement signed on April 24, 2019, the Ministry of Antimonopoly Regulation and Trade of Belarus and the International Finance Corporation started a pilot project to forecast impacts of the draft ordinance on countering monopolization in trade.
MART appointed and ad hoc group on March 25, 2019 to assess regulatory impacts of the draft ordinance. The group includes representatives of the National Statistics Committee of Belarus (Belstat), National Bank, Ministry of Economy, Ministry of Finance, Ministry of Information, International Finance Corporation, and the academic community. The first meeting of the group was held on August 1, 2019. End