CRITICAL ANALYSIS OF THE ANTI-TRUST LAWS UNDER WTO AND THE PROVISIONS THERE UNDER
Keywords:
Anti-Trust Law, Transparency, maximizationAbstract
Both competition policy and the World Trade Organization (“WTO”) aim to promote and maintain a free and open trading system. The WTO’s task is to establish an international trading system based on a free and open market, and competition policy that covers both domestic and international markets. A striking similarity exists between the objectives of the WTO and those of competition policy. The key concepts common to both are, inter alia, promotion of an open market, provision of fair and equal business opportunities to every participant in the market, transparency and fairness in the regulatory process, the promotion of efficiency, and the maximization of consumer welfare.
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