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Shipping Companies Come Under Antitrust Committee's Spotlight

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  • Shipping Companies Come Under Antitrust Committee's Spotlight

    SHIPPING COMPANIES COME UNDER ANTITRUST COMMITTEE'S SPOTLIGHT

    Tert.am
    18.05.11

    The State Committee for Protection of Economic Competition has started
    inspections in shipping companies.

    Speaking at a discussion in the parliament on Wednesday, the head of
    the committee, Artak Shaboyan, said the inspection results would be
    made public in the near future.

    He told the parliament members that the committee is also conducting
    studies in highly concentrated markets.

    "The committee's activities and proceedings should be the key to
    increasing our reputation. Though we have limited resources, we are
    trying to direct them to the solution of problems that have received
    wide publicity," he said, referring to the committee's studies on
    the egg market earlier this year.

    The statement came in response to a question by MP Vardan Bostanjyan
    of Prosperous Armenia party faction in parliament who was interested
    to know what measures the committee takes to increase its rating.

    The committee had earlier asked sugar manufacturing and importing
    companies to submit justification on increased prices. On April 20, it
    made a decision to initiate an administrative procedure against Alex
    Grig company, a major stakeholder on Armenia's butter and vegetable
    oil market.

    On May 13, the company was fined 500,000 drams for failing to submit
    the required documentation within specified timeframes. Meeting
    shipping companies' request half-way, the committee extended the
    timeframes for companies importing clothes from Turkey and China. On
    April 6, it had filed a proceeding against four shipping companies
    which had reportedly raised import customs tariffs earlier this year.




    From: A. Papazian
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