Criteria for market participants and rules for submitting information about the goods they provide to the body responsible for state reserves have been approved.
According to Day.Az, the Prime Minister But Assad’s signed the corresponding resolution.
According to the decision, the rule establishes criteria for market participants importing, producing or selling strategically important goods in the country’s consumer market and participating in ensuring the stability of supplies of strategically important goods to the country. It also regulates organizational and legal issues regarding the provision of information about the goods they supply to the body responsible for state reserves – the State Reserves Agency.
The requirements of this rule apply to legal entities and individuals, as well as government agencies importing, producing or selling strategically important goods that meet the criteria established by this rule.
Market participants are legal entities and individuals, as well as government agencies, if the market share of a strategically important product during the year is equal to or exceeds 2 (two) percent. The list of legal entities and individuals, as well as government agencies, whose market share for strategically important goods last year was equal to or exceeded 2 (two) percent, is acquired by the Agency before May 15 of the current year. Before June 1 of each year, the Agency sends written notification to market participants about which strategically important product they are market participants for, and about the minimum volume that it must provide for this product.
The minimum volume provided by a market participant for each strategically important product is calculated as follows:
– the total market shares of legal entities and individuals, as well as government agencies defined as market participants, are determined for the corresponding strategically important product;
– the sum of the market shares of market participants for the corresponding strategically important product, multiplied by the total market volume for this product, determines the total volume of the strategically important product presented by market participants;
– the share of a market participant in the total volume of strategically important goods presented by market participants is determined by the formula:
BİP is the share of a market participant in the total volume of strategically important goods presented by market participants;
ÜH is the total market volume for the corresponding strategically important product;
bp is the share of a market participant in the general market for the corresponding strategically important product;
ÜHbi is the total volume of goods presented by market participants for the corresponding strategically important product.