In accordance with the Law of the Republic of Uzbekistan ” On licensing, authorization and notification procedures”, the Competition Committee is the authorized body for licensing the activities of commodity exchanges. The Committee filed a claim for temporary suspension of the license for exchange activities from JSC “Republican Universal Agro-Industrial Exchange”, due to incomplete compliance…
An article by Khalilillo Turakhujaev, Chairman of the Competition Promotion and Consumer Protection Committee, titled “How New Uzbekistan is Reducing State Involvement in the Economy” has been published in international media. ✅ The article delves into the economic reforms being implemented in New Uzbekistan, shedding light on efforts to reforming the public administration system in…
Staff from the Committee’s regional branch and industry experts participated in the event. The discussions highlighted current practices in e-commerce and online trading in the European Union and Germany, along with strategies for safeguarding consumer rights. The seminar provided insights into rules for protecting consumers in e-commerce and online markets, shared international best practices, and…
On November 5, 2024, a meeting was held at the Competition Promotion and Consumer Protection Committee of the Republic of Uzbekistan with representatives of the U.S. Commodity Futures Trading Commission (CFTC) and the Commercial Law Development Program (CLDP). The meeting discussed issues related to strengthening cooperation between the two countries, regulating commodity exchanges, competition policy,…
In the afternoon session, Nancy Doyle, Senior Special Counsel of the CFTC’s Office of International Affairs, presented on the futures market and futures contracts as a type of derivative contract. She also provided an in-depth overview of the CFTC’s regulatory framework. Participants also discussed building capacity at exchanges to supervise trading and monitor members, alongside…
Today, the seminar on “Commodity Market Regulation” organized by the Competition Promotion and Consumer Protection Committee in partnership with the U.S. Commodity Futures Trading Commission (CFTC), has started at the Hyatt Regency Tashkent. Kevin Piccoli, Deputy Director of International Relations at the CFTC, opened the seminar with his presentation on developing a commodities market, the…
🇺🇿 This October, with the support of the German Sparkassen Stiftung, the Deputy Chairman of the Committee, Farrukh Karabaev, visited the Directorate-General for Competition of the European Commission (main Competition authority of European Union) in Brussels (Belgium). During his visit, he held a meeting with Deputy Director-General for Antitrust & Digital Platform Regulation, Ms. Linsey…
On October 25, 2024, the Competition Promotion and Consumer Protection Committee along with Competition Policy and Consumer Rights Research Center met with the Director of the Regional Office of the Friedrich Ebert Foundation in Uzbekistan and Kyrgyzstan, Philipp Jahn. The meeting brought together key figures, including Committee Chairman H. Turakhujaev, Deputy Chairman F. Karabaev, Center…
On October 22, 2024, Tashkent hosted a conference on “Fostering sustainable investments and entrepreneurial support to enhance population welfare” with 15 international companies and nearly 80 Uzbek organizations in attendance. One of the key speakers Farrukh Karabaev, Deputy Chairman of Competition Committee, who detailed country’s ongoing economic reforms aimed at promoting competition and reducing the…
On October 14, 2024, the delegation of the Uzbekistan Competition Committee concluded its visits in Germany. The final meeting took place in Munich with the Executive Director of the Max Planck Institute for Innovation and Competition, Professor Josef Drexl. The Max Planck Society comprises over 80 scientific institutes and research centers, including the Institute for…
