International and foreign competition law

Under the impression of strong opposition from developing countries at the WTO Ministerial Conference of Cancún in 2003, the European Community has to review its proposals for binding international rules of competition law. An approach developed at the Max Planck Institute for Intellectual Property, Competition and Tax Law conceptualizes an international competition order in the framework of the WTO as a response to the perceived drawbacks of globalization and trade liberalization. Given the growing number of newly enacted national competition laws worldwide the Institute examines how the specific cultural, economic and political concerns in the different countries can best be taken into account both in the domestic legal framework and for a future international competition law.