Competition,Trade And Emerging Economies

Competition and Trade

Opening domestic markets to international trade is one of the key policy reforms in which the MPs have engaged these last few years under the impulsion of Association Agreements with the EC, as well as free trade agreements with other countries. Freer trade generates large benefits and is a factor stimulating economic growth in developing and emerging economies. Yet, most of the MPs have so far failed to integrate in the global economy and their share of global trade and investments are significantly lower than in other regions. This suggests that all instruments that contribute to facilitating free trade, including the application of competition rules, should be welcome in these countries.

Since the end of the Second World War, the interface between trade and competition policies has received considerable attention from policy-makers, practitioners, and academics. 15 The point of connection between these policies is that it is widely believed that free trade among nations does not only require the removal of public barriers to trade (for example, quotas, custom duties), but also a series of obstacles originating in private restraints, such as abuses of domin...

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