1、Congressional Research Service The Library of CongressCRS Report for CongressReceived through the CRS WebOrder Code RS20191May 10, 1999Trade and International Competition Policy(name redacted)Specialist in Industry and TradeForeign Affairs, Defense, and Trade DivisionSummaryInternational competition
2、 policy is aimed at prohibiting private activities that restrictor distort competition particulary as they affect trade. It is both a process ofharmonizing national competition policies and a goal of negotiating a multinationalagreement on antitrust policy. Although every industrialized nation has n
3、ational antitrustand competition laws, there is no consensus on the need for, shape of, or reach of aninternational competition policy. The World Trade Organization is exploring thepossibility of including competition policy in its negotiating agenda. Congressionalaction on competition policy center
4、s mainly on its oversight of trade, economic, andantitrust relations with foreign countries. This report will be updated as events warrant.Competition policy refers to the administration of antitrust and other laws aimed atensuring competition in markets. It has gained importance in international ec
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