International Competition Law
A resolution to reduce barriers to free trade and commerce.
Category: Free Trade
Strength: Significant
Proposed by: Glen-Rhodes
Description: REALIZING that anti-competitive practices are restrictive to the international market and inhibit the fair trade of goods,
The World Assembly hereby
LIMITS this resolution to the international market,
HOWEVER reserves the inherent right to openly legislate further on the subjects of competition law and specific market regulation;
GENERALLY DEFINES “collusion” as a public or private agreement which occurs between two or more businesses to divide a market, set prices, limit production, or generally prevent competition;
DEFINES “cartel” as a group of two or more businesses that collude to limit competition within an industry or market;
BANS the formation of cartels and instructs the International Trade Administration (ITA) to determine the existence of a cartel, and restrict existing and future cartels from interacting on an international scale,
DEFINES “price-fixing” as the collusion of two or more business to sell the same product or service at the same price and “bid-rigging” as the collusion of two or more businesses as to which business will submit the winning bid in a competitive bidding process;
BANS price-fixing and bid-rigging and instructs the ITA to monitor and report any suspected actions of price-fixing and bid-rigging to the governments of the nations involved, as well as the general market;
DEFINES “anti-competitive exclusive dealing” as the collusion of two or more businesses to buy or sell products or services only among themselves, if either of the businesses are independent, but contractually owned by the other, and there exists a conspiracy to monopolize or a potential for diminished competition;
DEFINES “group boycott” as the collusion of two or more businesses, in an effort to decrease competition, to refuse to interact with another business until they agree to stop interacting with a targeted business;
BANS anti-competitive exclusive dealing and group boycotting; instructs the ITA to monitor and report anti-competitive exclusive dealing and group boycotting to the governments of the nations involved, as well as the general market;
DEFINES “market division” as the collusion of two or more businesses to allocate shares of the market among themselves, wherein no party will interfere with another in their allocated market;
BANS market division and instructs the ITA to monitor and report any suspected actions of market division to the governments of the nations involved, as well as the general market;
PROTECTS governments from being held financially liable for non-tangible foreign monetary losses that are a result of the dissolution of a business on grounds of the above proscribed practices;
EXTENDS the authority of the ITA to:
INVESTIGATE and approve or deny international business mergers, ensuring that such mergers are not acts of monopolization or may unintentionally prevent competition;
SUGGEST the dissolution of businesses to national governments;
COMPILE annually a list of repeat offenders of anti-competitive practices and distribute it among the general market.
Votes For: 3,033
Votes Against: 1,583
A resolution to reduce barriers to free trade and commerce.
Category: Free Trade
Strength: Significant
Proposed by: Glen-Rhodes
Description: REALIZING that anti-competitive practices are restrictive to the international market and inhibit the fair trade of goods,
The World Assembly hereby
LIMITS this resolution to the international market,
HOWEVER reserves the inherent right to openly legislate further on the subjects of competition law and specific market regulation;
GENERALLY DEFINES “collusion” as a public or private agreement which occurs between two or more businesses to divide a market, set prices, limit production, or generally prevent competition;
DEFINES “cartel” as a group of two or more businesses that collude to limit competition within an industry or market;
BANS the formation of cartels and instructs the International Trade Administration (ITA) to determine the existence of a cartel, and restrict existing and future cartels from interacting on an international scale,
DEFINES “price-fixing” as the collusion of two or more business to sell the same product or service at the same price and “bid-rigging” as the collusion of two or more businesses as to which business will submit the winning bid in a competitive bidding process;
BANS price-fixing and bid-rigging and instructs the ITA to monitor and report any suspected actions of price-fixing and bid-rigging to the governments of the nations involved, as well as the general market;
DEFINES “anti-competitive exclusive dealing” as the collusion of two or more businesses to buy or sell products or services only among themselves, if either of the businesses are independent, but contractually owned by the other, and there exists a conspiracy to monopolize or a potential for diminished competition;
DEFINES “group boycott” as the collusion of two or more businesses, in an effort to decrease competition, to refuse to interact with another business until they agree to stop interacting with a targeted business;
BANS anti-competitive exclusive dealing and group boycotting; instructs the ITA to monitor and report anti-competitive exclusive dealing and group boycotting to the governments of the nations involved, as well as the general market;
DEFINES “market division” as the collusion of two or more businesses to allocate shares of the market among themselves, wherein no party will interfere with another in their allocated market;
BANS market division and instructs the ITA to monitor and report any suspected actions of market division to the governments of the nations involved, as well as the general market;
PROTECTS governments from being held financially liable for non-tangible foreign monetary losses that are a result of the dissolution of a business on grounds of the above proscribed practices;
EXTENDS the authority of the ITA to:
INVESTIGATE and approve or deny international business mergers, ensuring that such mergers are not acts of monopolization or may unintentionally prevent competition;
SUGGEST the dissolution of businesses to national governments;
COMPILE annually a list of repeat offenders of anti-competitive practices and distribute it among the general market.
Votes For: 3,033
Votes Against: 1,583