Elnur Baghirov: Turkic countries need to strengthen coordination in competition policy

Strengthening cooperation between competition authorities of the Turkic states is of strategic importance.

According to a Report correspondent in Azerbaijan's Shusha, Elnur Baghirov, chairman of the Antimonopoly and Consumer Market Control State Agency, made the remark at the 3rd Meeting of the Heads of Competition Authorities of the Organization of Turkic States (OTS) and the Competition Forum.

According to him, the role of competition policy is becoming increasingly important amid changes in the global economy.

"Adhering to the principles of healthy competition in markets, ensuring the unimpeded operation of entrepreneurs, and improving consumer welfare contribute to stimulating innovation and ensuring long-term economic development. In this context, strengthening cooperation and coordination between the OTS competition authorities is of particular strategic importance," Baghirov emphasized.

The head of the agency added that shared civilization, historical ties, and economic relations create a favorable foundation for expanding the exchange of experience between the participating countries, developing unified approaches, and further strengthening institutional cooperation.