Harmonization of Competition Law
This chapter analyzes international harmonization of competition law and policy. This is the only regulatory area in which no formal international body for harmonization exists, despite repeated attempts to establish such a body in the international arena including a history of failed attempts by the aborted ITO (International Trade Organization) up to the 1990s. Notice is taken of the increasing number of bilateral treaties for competition cooperation, through which parties cooperate in enforcement of their domestic competition laws. Finally, the activities of the ICN (International Competition Network), established in 2001, are analyzed, through which representatives from the competition authorities of member states discuss issues of common interest and work out guiding principles and recommendable practices in competition law and policy.
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