Competition Agency of Georgia was established on 14 April 2014, according to the Georgian Law on Competition. It represents an independent regulatory body, entitled to enforce competition legislation in Georgia. The principal objective of the Agency is to protect fair and undistorted competition on Georgian market. In doing so, the Agency ensures adequate access of economic agents to relevant markets, monitor anti-competitive conduct by economic agents, including cartels, abuse of dominance and anti-competitive market concentrations, as well as cases of unfair competition, regulates exclusive rights granted by various public bodies and monitors state aid, and finally, studies market situation in order to reveal and remedy existing market inefficiencies. The Agency operates based on the principles of transparency, objectivity and non-discrimination. It encourages and advocates co-operation among various state and private stakeholders in order to make Georgian market more competitive and attractive for both domestic and international players.