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Competition Law and Policy
The Law on Protection of Economic Competition was adopted on November 6, 2000, as part of Armenia’s legal reform process on the road to World Trade Organization accession. The aim of the law (article 1) is to protect and promote economic competition, to create an environment for fair competition, to help the development of entrepreneurship, and protect consumer rights. The substantive provisions of the law are based on sound economic principles though from a legal perspective, much of the language is loosely drafted. Although far from perfect, the law does offer a solid basis on which to build.
(Note: This information was taken from the Competition chapter of the 2001 Armenia BizCLIR report. For more information, please see the report.)
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