Q:
A:
State will prevent unfair competition
Belgrade,
26 October 2005
Serbian Minister of International Economic Relations Milan Parivodic said today that the Bill on foreign trade activities is based on the principles of competition and transparency, but that it also allows for state intervention in cases that harm the economy.
Speaking about the bill before parliament members, Parivodic said that this document provides a true balance between freedom of business activities and more efficient and legitimate protection of the Serbian economy.
This bill has been harmonised with principles of the World Trade Organisation (WTO) and EU legislation, the minister said. He explained that in the preparation of the bill, the WTO's principle that a businessman who has freedom in internal trade should have the same freedom in international trade was used a starting point. He added that the bill's aim is a true deregulation and reduction of red tape.
Parivodic said that businessmen should have freedom in conducting business and the state should not have any particular role to play in their business activities, adding that the state should react in order to protect their interests.
Parivodic said that the bill proposes several situations and measures the state can investigate and use to respond to illegitimate and unfair competitive threats from a foreign state or business enterprise, including instances in which a foreign state provides subsidies thus giving that entity a privileged position against domestic enterprises, as well as evidence of foreign firms engaging in price-gouging to reduce competition and when the balance of payments of Serbia is threatened.
This bill has been harmonised with principles of the World Trade Organisation (WTO) and EU legislation, the minister said. He explained that in the preparation of the bill, the WTO's principle that a businessman who has freedom in internal trade should have the same freedom in international trade was used a starting point. He added that the bill's aim is a true deregulation and reduction of red tape.
Parivodic said that businessmen should have freedom in conducting business and the state should not have any particular role to play in their business activities, adding that the state should react in order to protect their interests.
Parivodic said that the bill proposes several situations and measures the state can investigate and use to respond to illegitimate and unfair competitive threats from a foreign state or business enterprise, including instances in which a foreign state provides subsidies thus giving that entity a privileged position against domestic enterprises, as well as evidence of foreign firms engaging in price-gouging to reduce competition and when the balance of payments of Serbia is threatened.
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