Globalisation and competition policy came under scrutiny at a recent conference in Cape Town as regulators, economists, lawyers and academics wrestled with how to achieve growing and inclusive economies through effective competition enforcement. The discussion exposes divergences in approaches to competition policy across jurisdictions. In 1947, the UN Conference on Trade and Employment attempted and failed to adopt the Havana Charter that encompassed aspects of international trade and competition policy. In 1996, the World Trade Organisation (WTO) developed a working group on the interaction between trade and competition policy to clarify core principles including transparency, nondiscrimination, procedural fairness, provisions on hardcore cartels, modalities for voluntary co-operation and, in addition, support for the reinforcement of competition institutions in developing countries. This working group has been inactive since 2001, but the International Competition Network was est...
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