Promoting Competition in Global Markets

Promoting Competition in Global Markets

A Multi-National Approach

P. J. Lloyd and Kerrin M. Vautier

This book sheds new light on a major issue on the international trade policy agenda – the promotion and defence of competition in globalizing markets. The authors discuss multi-national approaches to competition policy in the WTO, European Union, the Americas, OECD, UNCTAD and CER. They investigate the policy responses to anti-competitive, cross-border business transactions and argue that a growing reliance on competition law is not in itself sufficient to promote competition in globalizing markets.

Chapter 3: Bilateral Cooperation Agreements

P. J. Lloyd and Kerrin M. Vautier

Subjects: economics and finance, international economics

Extract

Page 33 3—  Bilateral Cooperation Agreements Introduction International cooperation among competition authorities is one possible way to improve effective enforcement of competition law in international markets. A number of  countries have formalized their cooperation in bilateral competition cooperation agreements. (See Table 3.1 for a selective list of bilateral competition cooperation  agreements. 1 ) The United States leads the call for increased bilateral agreements with an ambitious programme of competition cooperation. The US commitment to cooperation is  shown both by agreements in place and by the passing of legislation specifically enabling the US to enter into anti­trust cooperation treaties.2  The OECD recommends  that 'closer cooperation between Member countries is needed to deal effectively with the anti­competitive practices operated by enterprises situated in Member  countries' (OECD, 1995). The purpose of this chapter is to evaluate bilateral competition cooperation agreements currently in place. It first summarizes the main provisions that are being  incorporated into bilateral agreements. The second section makes observations about the bilateral agreements in practice. In the third section bilateral cooperation  agreements are evaluated, and the advantages and concerns about the bilateral cooperation approach are outlined. Finally, several issues are raised that need to be  addressed if bilateral competition cooperation agreements are to be an important multi­national option. Key Provisions of Bilateral Agreements There exist today several bilateral cooperation agreements between competition authorities (see Table 3.1). Traditionally they have taken the form of a memorandum  of understanding or an international agreement. Recently, some have been in the form of...

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