The Competition Council was set up by the Competition Law No.21/1996, amended and completed by the Government Emergency Ordinance no. 121/2003.

The Competition Council represents Romania in the relationships with specialized international organizations and institutions and co-operates with foreign and community competition authorities. It is the reason why the Government designated the Competition Council to coordinate the negotiation for Chapter 6 "Competition Policy" for the accession of Romania to the European Union.

The role of the Competition Council as an autonomous administrative authority has two aspects: one aspect is corrective relating to its interventions to restore and maintain normal, competitive environments, and a second, preventive aspect, related to its interventions that significantly prevent unfair competition on the market.

According to the Competition Law, the Competition Council is aimed at protecting and stimulating the competition, in order to insure a normal competitive environment and the promotion of customers' interests.