COMPETITION COUNCIL AS PART OF ECONOMIC POLICY, COMPETITION AND REGULATION IN BIH

Abstract

In this paper we pay special attention to antitrust authority as the main regulatory body whose main task is to maintain healthy competition - structures in BiH. Given that the Competition Council of Bosnia and Herzegovina was established relatively late, compared to the surrounding countries, the logical question is whether the antitrust body BiH was able to monitor all the activities and events in the region, the EU, and the world. It is a known fact that one of the main conditions for EU accession is existence of effective and fully operational regulatory body in the field of competition. To what extent have Competition Council and Bosnia and Herzegovina contributed to the fulfillment of this condition imposed by the EU? What are the previous results of the Competition Council of Bosnia and Herzegovina? We will try to provide the answers to these questions in this paper. The first part is based on introducing anti-monopoly bodies in BiH, as well as its basic tasks and roles. The second part relates to the definition of the Competition Act which is in force in Bosnia and Herzegovina, while the third part is devoted to analysis of the business of the Competition Council in BiH. Therefore, the aim of this paper is to point out the significance of the existence and application of the Competition Act, and the Competition Council, which are, in the opinion of relevant experts, the key to improving competition in the and Bosnia and Herzegovina.