The Working Group on the Commodity Market Efficiency held its next meeting

The Commission on Business Environment and International Ratings held their Commodity Market Efficiency and Competition Working Group meeting online.

During the meeting, the progress made on the "Business Environment and International Ratings Commission's Commodity Market Efficiency and Competition Working Group Action Plan for 2023" and Roadmap for the year 2024 for the implementation of improvements in the relevant field related to the indicator "Market competition" of the World Bank Group's "Business Ready" project were discussed. Additionally, the new law on public procurement and the Competition Code and their potential applications were discussed.

During the Working Group meeting, there was a discussion about the progress made in the priority areas for this year, upcoming tasks, and recent reforms. Views were exchanged on the challenges that have arisen during implementation.

Representatives from various organizations including the Ministry of Economy of the Republic of Azerbaijan, State Service for Antimonopoly and Consumer Market Control under the Ministry of Economy, the Center for Analysis of Economic Reforms and Communication, and the State Oil Company participated in a meeting arranged for mutual discussions with private sector representatives.

In conclusion, it was determined that holding meetings at a closer frequency would better ensure the timely and efficient execution of the measures outlined in the Action Plan.

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