DUSHANBE, November 8, 2012, Asia-Plus  -- On Thursday November 8, the Majlisi Namoyandagon (Tajikistan’s lower chamber of parliament) endorsed amendments proposed to the country’s law on competition and restriction of monopoly activity in country’s markets. 

Presenting the amendments, First Deputy Prosecutor-General Abduqodir Muhammadiyev noted that they aimed to promote further development of entrepreneurship in the country and protection of public interests.

According to him, companies accounting for 35 percent of market will be put on the register of dominating entities.  Before introducing new fees, these companies must coordinate them with the antimonopoly commission, he noted.

Competition law is law that promotes or maintains market competition by regulating anti-competitive conduct by companies.

Modern competition law has historically evolved on a country level to promote and maintain competition in markets principally within the territorial boundaries of nation-states. National competition law usually does not cover activity beyond territorial borders unless it has significant effects at nation-state level.  Countries may allow for extraterritorial jurisdiction in competition cases based on so-called effects doctrine.  The protection of international competition is governed by international competition agreements.