DP1501 Trade and Competition Policy in the WTO system

Author(s): Bernard Hoekman
Publication Date: October 1996
Keyword(s): Anti-trust, Competition Policy, Trade Negotiations
JEL(s): F13, L40
Programme Areas: International Trade and Regional Economics
Link to this Page: www.cepr.org/active/publications/discussion_papers/dp.php?dpno=1501

This paper surveys the major options that have been proposed concerning a possible agreement on trade-related anti-trust principles and evaluates both their desirability and feasibility. Three criteria are used to evaluate the options: (i) the extent to which they enhance the contestability of markets for foreign firms; (ii) whether they will enhance the national economic welfare of WTO members; and (iii) their effect on the functioning and integrity of the existing trading system.