Business news

MINSK, 19 July (BelTA) – An effective system has been formed and is implemented in Belarus to protect the domestic market. Prime Minister of Belarus Andrei Kobyakov made the statement during the session of the Council of Ministers Presidium on 19 July. The session was held to discuss measures taken to substitute import and protect the domestic market, BelTA has learned.

Andrei Kobyakov noted: “First of all, I refer to measures designed to suppress trade in counterfeited light industry products. Marketplace traders are forbidden to sell merchandise without certificates and accompanying documents.”

Apart from that, strict control over the observance of technical regulations continues. Systemic audits are arranged. Importers are required to submit certain commodities for sanitary and hygienic expert evaluation. “The purpose of the work is to protect the legal right of consumers to buying quality products,” explained the Prime Minister.

Andrei Kobyakov reminded that a new antimonopoly body had been created — the Antimonopoly Regulation and Trade Ministry. “We expect the agency to produce certain results, including with regard to the protection of the domestic market,” he said.

The head of government underlined that high quality of Belarus-made products, a wide choice of merchandise, and competitive prices are the most effective instruments for securing one’s position on the market. He also mentioned wise product placement and advertising.