AFCC and CTU agree to jointly monitor price increases
The Authority for Fair Competition and Consumers (AFCC) and the Confederation of Trade Unions (CTU) signed a memorandum of cooperation on February 3. Acting AFCC Chief A.Ariunbold and CTU President S.Ganbaatar signed the document and explained its purpose to journalists.
The agreement aims to support fair competition, protect the rights of consumers, prevent unreasonable price increases, organize joint monitoring, and strengthen cooperation between the two organizations.
Specifically, the CTU and AFFC plan to implement the following measures:
To jointly monitor gasoline and diesel fuel prices and to take measures to implement regulations on the industry.
To ensure that gasoline and diesel fuel prices meet the laws on competition and related legislation. If there are violations, the violators should be held accountable.
To deliver to the Government suggestions for increasing competition among petroleum companies, reducing prices through fair competition, and stabilizing prices.
To monitor consumer goods prices at businesses and market vendors. If the prices are too high, the press will be informed, and the businesses and vendors will be held accountable.
The prices of some consumer goods, including flour, bread, rice, meat, milk, sugar, and vegetable oil will be researched on a monthly basis and the results will be released to the press.
To send to the Government suggestions for increasing overall competition in trade throughout the country.
The agreement aims to support fair competition, protect the rights of consumers, prevent unreasonable price increases, organize joint monitoring, and strengthen cooperation between the two organizations.
Specifically, the CTU and AFFC plan to implement the following measures:
To jointly monitor gasoline and diesel fuel prices and to take measures to implement regulations on the industry.
To ensure that gasoline and diesel fuel prices meet the laws on competition and related legislation. If there are violations, the violators should be held accountable.
To deliver to the Government suggestions for increasing competition among petroleum companies, reducing prices through fair competition, and stabilizing prices.
To monitor consumer goods prices at businesses and market vendors. If the prices are too high, the press will be informed, and the businesses and vendors will be held accountable.
The prices of some consumer goods, including flour, bread, rice, meat, milk, sugar, and vegetable oil will be researched on a monthly basis and the results will be released to the press.
To send to the Government suggestions for increasing overall competition in trade throughout the country.
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