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N° 184 |
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| November 1999 |
| Openness, Competition
and Multilateralism |
Michel Fouquin
Guillaume Gaulier |
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| Successive cycles of multilateral trade negotiations
carried out within the GATT have led to a strong reduction in tariff barriers
to trade within the industrialised countries. The benefits which these countries
can still anticipate from the suppression of essentially non-tariff barriers to
trade are moderate. The spread of economic openness, however, is shifting the
issue at stake in multilateralism. The increasingly international activity of
companies is destabilising national laws. The repeated conflicts arising over
the rules of competition provide a good example of this. Competition policy, which
is complementary to trade policy, can no longer be defined only nationally. Despite
this, no consensus exists for including basic rules in this area within the Millennium
Round. |
Abstract |
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