COMPETITION COUNCIL AS PART OF ECONOMIC POLICY, COMPETITION AND REGULATION IN BIH

In this paper we pay special attentionto antitrust authority as the main regulatory bodywhose main task is to maintain healthy competition -structures in BiH. Given that the Competition Councilof Bosnia and Herzegovina was established relativelylate, compared to the surrounding countries, thelogical question is whether the antitrust body BiH wasable to monitor all the activities and events in theregion, the EU, and the world. It is a known fact thatone of the main conditions for EU accession isexistence of effective and fully operational regulatorybody in the field of competition. To what extent haveCompetition Council and Bosnia and Herzegovinacontributed to the fulfillment of this condition imposedby the EU? What are the previous results of theCompetition Council of Bosnia and Herzegovina? Wewill try to provide the answers to these questions inthis paper. The first part is based on introducing antimonopolybodies in BiH, as well as its basic tasks androles. The second part relates to the definition of theCompetition Act which is in force in Bosnia andHerzegovina, while the third part is devoted toanalysis of the business of the Competition Council inBiH. Therefore, the aim of this paper is to point out thesignificance of the existence and application of theCompetition Act, and the Competition Council, whichare, in the opinion of relevant experts, the key toimproving competition in the and Bosnia andHerzegovina