Premier: Armenian government intends to intensify its crackdown on economic illegalities

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Economy

02.12.2009, 03:04

Armenian government intends to toughen industrial control to prevent economic illegalities, Armenian Prime Minister Tigran Sargsyan said Tuesday answering the question about copying foreign brands by Armenian manufacturers.

YEREVAN, December 1. /ARKA/. Armenian government intends to toughen industrial control to prevent economic illegalities, Armenian Prime Minister Tigran Sargsyan said Tuesday answering the question about copying foreign brands by Armenian manufacturers.

He said that the Commission of Economic Competition Protection started working out a new strategy after receiving such alarming calls.

The strategy implies more vigorous activity of the commission.

Besides, new legislative initiatives should be put forward, under which the commission will get sweeping powers not only to impose sanctions, but also apply preventive steps against wrongdoers.

“It will be done to bar everybody from selling its shoddy products by deluding consumers and claiming their products as well-known brands,” Sargsyan said denouncing such a deception as “ intolerable and dangerous phenomenon”.-0--

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