RESTRICTIVE BUSINESS PRACTICES. 1. Member Territories recognise that the following practices are incompatible with this Agreement in so far as they frustrate the benefits expected from such removal or absence of duties and quantitative restrictions as is required by this Agreement -
RESTRICTIVE BUSINESS PRACTICES. 1. Member States recognize that the following practices are incompatible with this Annex in so far as they frustrate the benefits expected from such removal or absence of duties and quantitative restrictions as is required by this Annex--
RESTRICTIVE BUSINESS PRACTICES. A Contracting Party shall have freedom to adopt or continue (with or without modifications) measures that are required to check anti-competitive business practices, to the extent to which such measures are in substantial conformity with the UNCTAD Code, known as the Set of Multilaterally Agreed Equitable Principles and Rules for the Control of Restrictive Business Practices 1980, as revised from time to time. EXPLANATORY NOTE:
RESTRICTIVE BUSINESS PRACTICES. [In full text] The Government of the United States of America and the Government of the Federal Republic of Germany, considering that restrictive business practices affecting their domestic or international trade are prejudicial to the economic and commercial interests of their countries, Convinced that action against these practices can be made more effective by the regularization of cooperation between their antitrust authorities, and Having regard, in this respect, to their Treaty of Friendship, Commerce, and Navigation and to the Recommendations of the Council of the Organization for Economic Cooperation and Development Concerning Cooperation Between Member Countries on Restrictive Business Practices Affecting International Trade adopted on October 5, 1967, and on July 3, 1973, Have agreed as follows:
RESTRICTIVE BUSINESS PRACTICES. The Con- tracting Parties adopted a Decision which recognized: (a) that business practices restrict- ing competition in international trade might hamper the expansion of world trade and the economic development in individual countries and thereby frustrate the benefits of tariff re- duction and removal of quantitative restrictions; and ( b) that international co-operation was needed to deal effectively with harmful restrict- ive practices in international trade. The Deci- sion stated that consultations between Govern- ments on these matters should be encouraged, but that in present circumstances it would not be practicable for the Contracting Parties to undertake any form of control of such prac- tices nor to provide for investigation.
RESTRICTIVE BUSINESS PRACTICES. At the Review Session of 1954-55, the CONTRACTING PARTIES considered and rejected a proposal to add to the General Agreement the provisions of Chapter V of the Havana Charter on cartels.33 A 1958 Resolution by the CONTRACTING PARTIES on “Restrictive Business Practices”34 appointed a Group of Experts. The 1960 Report of that Group of Experts to the CONTRACTING PARTIES on “Arrangements for Consultations” recommended that the CONTRACTING PARTIES should undertake to deal with restrictive business practices in international trade. The members of the Group agreed “that the CONTRACTING PARTIES should now be regarded as an appropriate and competent body to initiate action in this field … and should encourage direct consultations between contracting parties with a view to the elimination of the harmful effects of particular restrictive practices”.35 On 18 November 1960 the CONTRACTING PARTIES decided on arrangements for consultations concerning restrictive business practices.36 The Report of the Working Party on the Accession of Poland notes: “It was pointed out in the Working Party that the Decision by the CONTRACTING PARTIES of 18 November 1960 on arrangements for consultations between contracting parties on restrictive business practices would automatically apply in the trade between Poland and other contracting parties”.37
