Common use of Competition Principles Clause in Contracts

Competition Principles. The Parties recognise the strategic importance of creating and maintaining open and competitive markets which promote economic efficiency and consumer welfare, and reaffirm their desire to promote competition and to implement the APEC Principles having regard to the different economic circumstances of the Parties. This is with a view to protecting the competitive process rather than competitors and minimising distortions to competition.

Competition Principles. ‌ The Parties recognise the strategic importance of creating and maintaining open and competitive markets which promote economic efficiency and consumer welfare, and reaffirm their desire to promote competition and to implement the APEC Principles having regard to the different economic circumstances of the Parties. This is with a view to protecting the competitive process rather than competitors and minimising distortions to competition.