The Georgian Ministry of Economy and Sustainable Developments suggests the Parliament postpone the enforcement of the anti-dumping law until June 2021.
The bill was introduced to the Parliament in 2019, but MPs have not approved it yet.
"Based on the postponed hearings, the government has not envisaged the law in the 2020 budget, and the Competition Agency has no funds to begin the implementation of this law,'' Genadi Arveladze, Deputy Economic Minister said.
According to him, the government should create a new department which requires the recruitment of new staff and the conduction of training.
''Thus, I offer to postpone the enforcement of the law until June 1, 2021,'' he says.
Georgia's Competition Agency will be responsible for the implementation of the Georgian Law "On the Introduction of Anti-Dumping Measures."
The agency will have to create a new structural unit.
Dumping implies the sale of products on a foreign market at a price that is much lower than domestic prices, sometimes even lower than its cost.
In business, dumping usually aims to drive competitors out of the market.
Bela Gelashvili
News Author