LAW OF THE KYRGYZ REPUBLIC

of January 20, 2022 No. 8

About introduction of amendments to the Law of the Kyrgyz Republic "About the competition"

Accepted by Jogorku Kenesh of the Kyrgyz Republic on December 22, 2021

Article 1.

Bring in the Law of the Kyrgyz Republic "About the competition" (Sheets of Jogorku Kenesh of the Kyrgyz Republic, 2011, No. 7, the Art. 1019) the following changes:

Article 3 to add 1) with the paragraph the thirtieth the following content:

"horizontal agreements - agreements between the business entities performing sales of goods in one goods market or between the business entities performing purchase of goods in one goods market;";

The paragraph the fourth parts 6 of article 4 after the words "in the goods markets of the Kyrgyz Republic" to add 2) with the words "and the measures taken on suppression of abuses of regulations of the competition on them";

3) in Article 4-1:

a) in part 2:

- "goods market" to add part after words with words ", and also the price of the goods which are result of innovative activities, that is the activities leading to creation of new not interchangeable goods";

- add part with the paragraph the second the following content:

"If it is impossible to determine the price which developed in the conditions of the competition in the comparable goods market including outside the Kyrgyz Republic, expense analysis and profits of business entity is carried out and the reasonable price of goods is determined.";

b) add Article with part 3 following of content:

"3. The procedure for identification of exclusively high price is established by the Cabinet of Ministers of the Kyrgyz Republic.";

4) Article 4-2 to add with part 3 following of content:

"3. The procedure for identification of exclusively low price is established by the Cabinet of Ministers of the Kyrgyz Republic.";

5) in Article 7:

a) the paragraph one of part 1 to state in the following edition:

"1. Horizontal agreements are prohibited if such agreements bring or can lead to competition restriction, including agreements, directed:";

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