Developing Countries in the World Trading System

Developing Countries in the World Trading System

The Uruguay Round and Beyond

Edited by Ramesh Adhikari and Prema-chandra Athukorala

The book examines the achievements of the Uruguay Round of trade negotiations in reforming the world trading system and the challenges to future reforms. It begins with an overview of the genesis of the world trading system and moves on to examine the key issues as they relate to developing countries. These include further liberalization of agricultural trade; abolition of the Multifibre Arrangement; environmental and labour standards; competition policy; regional integration in South East Asia; and the implications for developing Asian countries of the liberalization of the Chinese economy and its WTO membership. Furthermore, the book discusses the links between trade liberalization and poverty reduction – drawing on the experience of Asian countries – and puts forward arguments on how trade liberalization could effect a greater reduction in poverty.

Chapter 7: Competition policy, the Pacific Economic Cooperation Council and the WTO

Kerrin M. Vautier

Subjects: business and management, international business, development studies, development economics, law and development, economics and finance, development economics, international economics, law - academic, law and development


Chapter 7 11/2/02 1:16 pm Page 1 7. Competition policy, the Pacific Economic Cooperation Council and the WTO Kerrin M. Vautier The Competition policy (CP) has become an increasingly prominent topic on international agendas and is currently the subject of serious discussion at all levels: national, bilateral, regional and multilateral. Over the years it has given rise to national competition laws; bilateral co-operation agreements; formal competition provisions in regional trading arrangements; nonbinding agreements and recommendations in the GATT, the United Nations and the OECD; the Pacific Economic Cooperation Council’s (PECC’s) competition principles for guiding the development of a competition-driven policy framework for Asia Pacific Economic Cooperation (APEC) economies; and the derivative APEC principles to enhance competition and regulatory reform. At the multilateral level, a WTO Working Group was established to study issues relating to the interaction between trade and competition policy, including anticompetitive practices, and at the time of writing is in its fourth year of deliberations. All these initiatives reflect growing interest in the role of competition in market processes and economic policy, in what is meant by a competition culture and in the policy and institutional implications of promoting competition in globalizing markets. An important product of these initiatives has been the sharing of policy perspectives and experiences and learning where CP fits in international discussions on trade and investment liberalization. To date, CP discussions in international forums have focused principally on the perceived risk to international trade posed by restrictive and anticompetitive business practices and by...

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