Economy Minister highlights progress in ensuring “healthy competition”, protection of consumer rights at int’l conference

Georgian Economy Minister Levan Davitashvili on Thursday highlighted the progress made over the recent years in developing “healthy competition” for the country’s business sector and ensuring consumer rights at the international conference Competition and Consumer Protection, hosted in the Georgian capital of Tbilisi.

Davitashvili told the event the progress had been due to a “correct” and ”consistent” policy of the Government in implementing related reforms and added fulfilment of obligations taken under the Association Agreement signed with the European Union in 2014 had helped to make “significant progress” in competition policy and protection of consumer rights.

With the additional amendments made to the competition legislation in 2020, Georgia has fulfilled its obligation under the Association Agreement to have a comprehensive legislation focused on creating healthy competition for the business sector and preventing abuse of dominant positions by economic agents”, he said.

The Minister added the Law on the Protection of Consumer Rights had been enacted in the country in 2022 “corresponding to the best international practices”.

Organised by the National Competition Agency, the National Bank, the Georgian National Energy and Water Supply Regulatory Commission, the Insurance State Supervision Service of Georgia and the Communications Commission, the conference gathered about 20 delegations from 10 countries in Tbilisi.