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 antimonopoly
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.