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: | 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.