Azernews.Az

Uzbekistan's Senate adopted the "Law on Commercial Secrets" at a meeting held on August 28, Trend correspondent reported from the meeting.

Introducing the law to senators, Mamazoir Khujamberdiyev, the Chairman of the Senate Committee on Science, Education, Culture and Sports, said the adoption of the law is due to the need to ensure freedoms and rights in the information sphere in accordance with democratic reforms.

"These concepts, which include such components as freedoms and rights to acquire and disseminate information and own ideas, are a cornerstone for the bases of establishing a democratic society in Uzbekistan," Khujamberdiyev said.

When developing the draft law it was taken into account that the business entities, during their activity, accumulate different amounts of confidential commercial information.

That is why it is important to elaborate on information security in exercising the business entities' rights to protect their property and personal non-property interests by means of preventing unauthorized access to the information on commercial or other secrets.

In particular, the law specifies the wording that explains its goals, gives definition to the concepts of "commercial secret" and "confidential information", "owner", "confidant", "commercial secret regime", "commercial secret protection", "transfer of commercial secret", "access to commercial secret" and others.

The senators, who discussed the law, said during the debates on Khujamberdiyev's speech that this document aims to ensure the legal regulation of issues of considering information as commercial secret, its systematization and delivery.

The draft law's provisions are designed to enhance the protection of the business entities' economic interests in a competitive market.

Realization of the law's norms will create favorable conditions for effective work of business entities, motivate further development of information technologies, manufacturing innovations, know-how and innovations, and will ultimately contribute to economic growth.