The Council of Competition was established in 1 May, 2004 as an independent public body mandated to ensure consistent implementation of the Act on Competition passed in 2001. It is located in Sarajevo and it has exclusive competence to decide on the presence of prohibited competition activities in the market of Bosnia and Herzegovina.
For the first time, this Act establishes the competition policy as one of more important instrument and pillar in creation and strengthening the single economic area /market in Bosnia and Herzegovina.
The Council of Competition of Bosnia and Herzegovina has been a member of the International Competition Network (ICN) since middle of 2005. The Council of Competition is engaged in signing bilateral agreements and memorandums with the countries in the region aimed to establish and improve the cooperation between the countries.
The Council of Competition participates actively in negotiations on Agreement on Stabilization and Association between Bosnia and Herzegovina and the European Community.