Competition and 
Consumer Policies

 

THE SET OF MULTILATERALLY AGREED EQUITABLE PRINCIPLES AND RULES FOR THE CONTROL OF RESTRICTIVE BUSINESS PRACTICES

PART IV.
THE SET OF MULTILATERALLY AGREED EQUITABLE PRINCIPLES
AND RULES FOR THE CONTROL OF RESTRICTIVE BUSINESS PRACTICES
 

 


CONTENTS

Objectives
Definitions and scope of application
Multilaterally agreed equitable principles for the control of restrictive business practices
Principles and rules for enterprises, including transnational corporations
Principles and rules for States at national, regional and subregional levels
International measures
International institutional machinery

The United Nations Conference on Restrictive Business Practices,
Recognizing that restrictive business practices can adversely affect international trade, particularly that of developing countries and the economic development of these countries,

Affirming
that a set of multilaterally agreed equitable principles and rules for the control of restrictive business practices can contribute to attaining the objective in the establishment of a new international economic order to eliminate restrictive business practices adversely affecting international trade and thereby contribute to development and improvement of international economic relations on a just and equitable basis,

Recognizing also
the need to ensure that restrictive business practices do not impede negate the realization of benefits that should arise from the liberalization of tariff and non-tariff barriers affecting international trade, particularly those affecting the trade and development of developing countries,

Considering the possible adverse impact of restrictive business practices, including among others those resulting from the increased activities of transnational corporations, on the trade and development of developing countries.

Convinced
of the need for action to be taken by countries in a mutually reinforcing manner at the national regional and international levels to eliminate or effectively deal with restrictive business practices, including those of transnational corporations, adversely affecting international trade, particularly that of developing countries and the economic development of these countries.

Convinced also of the benefits to be derived from a universally applicable set of multilaterally agreed equitable principles and rules for the control of restrictive business practices and that all countries should encourage their enterprises to follow in all respects the provisions of such a set of multilaterally agreed equitable principles and rules,

Convinced further that the adoption of such a set of multilaterally agreed equitable principles and rules for the control of restrictive business practices will thereby facilitate the adoption and strengthening of laws and policies in the area of restrictive business practices at the national and regional levels and thus lead to improved conditions and attain greater efficiency and participation in international trade and development, particularly that of developing countries, and to protect and promote social welfare in general, and in particular the interests of consumers in both developed and developing countries,

Affirming also the need to eliminate the disadvantages to trade and development which may result from the restrictive business practices of the transnational corporations or other enterprises, and thus help to maximize benefits to international trade and particularly the trade and development of developing countries.

Affirming further the need that measures adopted by States for the control of restrictive business practices should be applied fairly, equitably, on the same basis to all enterprises and in accordance with established procedures of law; and for States to take into account the principles and objectives of the Set of Multilaterally Agreed Equitable Principles and Rules,

Hereby agrees on the following Set of Principles and Rules for the control of restrictive business practices, which take the form of recommendations.


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