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Iceland – Competition

Summaries of EU legislation: direct access to the main summaries page.
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Iceland – Competition

Candidate countries conduct negotiations with the European Union (EU) in order to prepare themselves for accession. The accession negotiations cover the adoption and implementation of European legislation (acquis) and, more specifically, the priorities identified jointly by the Commission and the candidate countries in the analytical assessment (or ‘screening’) of the EU’s political and legislative acquis. Each year, the Commission reviews the progress made by candidates and evaluates the efforts required before their accession. This monitoring is the subject of annual reports presented to the Council and the European Parliament.

ACT

Commission Report [COM(2011) 666 final – SEC(2011) 1202 final – Not published in the Official Journal].

SUMMARY

The 2011 Report notes the high level of alignment and implementation of the European Union (EU) acquis in Iceland which is largely due to the country’s membership of the European Economic Area (EEA).

EUROPEAN UNION ACQUIS (according to the Commission’s words)

The legislation on competition covers both anti-trust and state aid control policies. It includes rules and procedures for fighting anti-competitive behaviour by companies (restrictive agreements between undertakings and abuse of dominant position), monitoring mergers and for preventing governments from granting state aid which distorts competition in the internal market. Generally, the competition rules are directly applicable throughout the Union, and Member States must cooperate fully with the Commission in the enforcement of these rules.

EVALUATION (according to the Commission’s words)

In the field of competition, Icelandic legislation is already largely aligned with the European provisions and is implemented effectively.

See also

Last updated: 12.10.2011

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