The government continues to work on theantidumping law. Work on the bill is in progress at the Economy Ministry, however, is not yet known when the draft law will enter the Parliament.
The law prohibits the import companies to setdramatically lower prices on products compared to the prices of the domestic market, since the purpose of these actions, in many cases, is to drown the local companies.
According to the Ministry of Economic Development, at the stage only the Ministry is working on the lawiimposing anti-dumping measures in trade and the other parties are not involved in the process.
Minister of Economy George Kvirikashvili stated that the anti-dumping law would be adopted in Georgia in January of the current year. The Minister said the aim of the law was to protect the local industry from unfair competition. Deputy Prime Minister said that the legislation would not be acceptable to everyone, and may be inappropriate for importers but significant for local manufacturers.
“There are instances when a company enters the market with dumping prices, kills local entrepreneurs, becomes a monopolist and then begins to assert itself in the local market with absolutely other prices “, – George Kvirikashvili notes.
As for January, Georgian experts who are working in the World Trade Organization were involved in the development of the anti-dumping law.