The Serbian Commission for Protection of Competition and the Montenegrin Agency for Protection of Competition have signed a memorandum of understanding and cooperation in the area of protection of competition.
The Serbian commission said in a release after the signing of the document in Podgorica late on Monday that the memorandum was there to further improve the already successful cooperation in competition protection and development of bilateral relations, while ensuring conditions for efficient operation of the products and services market.
The memorandum was signed by the Chairman of the Commission Miloje Obradovic and Director of the Agency Miodrag Vujovic.
With the signing of this document, “the Serbian and Montenegrin institutions for the protection of competition will come even closer to European standards in the field of competition law and policy, which represent an important segment of the process of negotiations on accession to full-fledged membership of the European Union,” the release said.
The signing marked the completion of formal cooperation of the Serbian Commission for Protection of Competition with all states in the region, a considerable help in the future work of monitoring and sanctioning irregularities in the market.
Source; SerbGov
