Edited by Josef Drexl, Mor Bakhoum, Eleanor M. Fox, Michal S. Gal and David J. Gerber
Chapter 14: Regional Agreements of Developing Jurisdictions: Unleashing the Potential
Michal S. Gal and Inbal Faibish Wassmer* 1. INTRODUCTION Regional competition agreements (RCAs) hold great potential for overcoming the major enforcement problems of developing jurisdictions. Indeed, it is no coincidence that the past two decades have seen an unprecedented upsurge in the number and scope of such agreements, especially in the developing world. Such agreements include, inter alia, in the Americas: MERCOSUR (the Southern Common Market); in the Caribbean: CARICOM (the Caribbean Community); in Africa: COMESA (the Common Market for Eastern and Southern Africa), WAEMU (the West African Economic and Monetary Union), ECOWAS (the Economic Community of West African States), SEACF (the Southern and Eastern Africa Competition Forum), CEMAC (the Economic and Monetary Community of Central Africa), SACU (the Southern African Customs Union), EAC (the East African Community) and SADC (the Southern African Development Community); and in Asia: ASEAN (the Association of South East Asian Nations). Most of these agreements are not speciﬁc to competition law, but involve other issues as well, mostly trade. In some, competition-law issues play a central role1 while in others competition law serves only as a * We thank Mor Bakhoum, Alberto Heimler and Tamar Indig for most helpful comments and the German-Israeli Foundation for their ﬁnancial support. 1 See, e.g., COMESA (2008), Aide Memoire: Trade Capacity Building: Strengthening the COMESA Trade Region through a Culture of Competition. 291 Columns Design XML Ltd / Job: Drexl-Competition_Policy_and_Regional_Integration 1 / Date: 5/7 / Division: 14_Gal_Wassmer_typeset /Pg. Position: JOBNAME: Drexl PAGE:...
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