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Why multilateral rules on competition are needed

  • International Trade
  • Published:
Intereconomics

Abstract

Even after the Uruguay Round overhaul, existing Gatt rules leave certain competition-distorting policies and practices unchecked. For various reasons the holes in the Gatt rules cannot be filled by the unilateral application of national competition regulations. It is therefore necessary to establish multilateral rules on competition.

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References

  1. Robert Rice: Long Arm of American Law, in: Financial Times, 29 June 1993, p. 10.

  2. For analyses of the anti-competitive effects of quantitative trade restrictions see OECD: Obstacles to Trade and Competition, Paris 1993; and for the effects of anti-dumping action see P. Nicolaides, R. van Wijngaarden: Reform of Anti-dumping Regulations, in: Journal of World Trade, Vol. 27(3), 1993, pp. 31–54.

  3. See, for example, M. Matsushita: Coordinating International Trade with Competition Policies, in: E. Petersmann, M. Hill (eds.): The New GATT Round of Multilateral Trade Negotiations, Deventer 1988.

  4. For a more detailed analysis with emphasis on the decisions of Gatt panels interpreting Gatt's Articles see B. Hoekman, P. Mavroidis: Competition, Competition Policy and the GATT, mimeo 1993.

  5. P. Nicolaides, R. van Wijngaarden, op. cit. Reform of Anti-dumping Regulations, in: Journal of World Trade, Vol. 27(3), 1993, pp. 31–54.

  6. For a fuller analysis of competition policy see R. Boner, R. Krueger: The Basics of Antitrust Policy: A Review of Ten Nations and the European Community, World Bank, Technical Paper 160, Washington, D.C. 1991; M. Mendes: Antitrust in a World of Interrelated Economies, Brussels 1991; OECD: Competition Policies in OECD Countries, Paris 1988, 1992; D. Raybould, A. Firth: Law of Monopolies: Competition Law and Practice in the USA, EEC, Germany and the UK, London 1991.

  7. A. Jacquemin: The International Dimension of European Competition Policy, in: Journal of Common Market Studies, Vol. 31 (1), 1993, pp. 91–101.

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The views expressed in this paper are strictly the author's own and should not be attributed to the Government of Cyprus.

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Nicolaides, P. Why multilateral rules on competition are needed. Intereconomics 29, 211–218 (1994). https://doi.org/10.1007/BF02926379

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  • DOI: https://doi.org/10.1007/BF02926379

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