Restrictive Business Practices

Revised Recommendation Concerning Cooperation Between Member Countries on Restrictive Business Practices Affecting International Trade in Global Commerce Policy

In this regard, revised recommendation concerning cooperation between member countries on restrictive business practices affecting international trade is: a 1995 OECD instrument, based on a recommendation first adopted in 1967 and revised several times since, which promotes cooperation between members through (a) notification and request for restraint in cases where companies of other member states are involved, (b) coordination in cases where action is taken by more than one member state against the same company, (c) notification by a member state and request for action in some cases, and (d) conciliation procedures. This recommendation is not binding. See also negative comity, positive comity and restrictive business practices.[1]

Revised Recommendation Concerning Cooperation Between Member Countries on Restrictive Business Practices Affecting International Tradein the wold Encyclopedia

For an introductory overview on international trade policy, see this entry.

Resources

Notes and References

1. Dictionary of Trade Policy, “Revised Recommendation Concerning Cooperation Between Member Countries on Restrictive Business Practices Affecting International Trade” entry (OAS)

See Also

Arrangements for Consultations on Restrictive Business Practices in Global Commerce Policy

In this regard, arrangements for consultations on restrictive business practices is: a GATT mechanism adopted on 18 November 1960 aimed at ensuring that restrictive business practices did not frustrate the benefits of tariff reductions and the removal of quantitative restrictions. The entries on trade policy are here. It recommends that contracting parties, i.e. the GATT members, should enter, as appropriate, into bilateral or multilateral consultations if any contracting party requests this. The party so addressed is enjoined to take measures to remove the harmful effects of restrictive business practices if there is agreement that these exist. This mechanism lay dormant until 1996 when the United States invoked it in a dispute with Japan concerning photographic materials.[1]

Arrangements for Consultations on Restrictive Business Practicesin the wold Encyclopedia

For an introductory overview on international trade policy, see this entry.

Resources

Notes and References

1. Dictionary of Trade Policy, “Arrangements for Consultations on Restrictive Business Practices” entry (OAS)

See Also

Restrictive business practices in Global Commerce Policy

In this regard, restrictive business practices is: RBPs. The entries on trade policy are here. Anti-competitive behaviour by private firms of the type dealt with by national competition laws and policies. These can include collusion, abuse of dominant position, refusals to deal, price discrimination, resale price maintenance, exclusive dealing, vertical and horizontal arrangements, etc. There is no accepted international standard on what constitutes RBPs or how they are to be dealt with. The Havana Charter included a chapter on them, but the Charter did not enter into force. The entries on trade policy are here. In 1980, UNCTAD adopted the Set of Multilaterally Agreed Equitable Principles and Rules for the Control of Restrictive Business Practices, but it does not contain binding obligations. Much work has also been in the OECD on this subject. See also antitrust laws, Arrangements for Consultations on Restrictive Business Practices, competition policy and trade and competition.[1]

Restrictive business practicesin the wold Encyclopedia

For an introductory overview on international trade policy, see this entry.

Resources

Notes and References

1. Dictionary of Trade Policy, “Restrictive business practices” entry (OAS)

See Also