Trade and competition policies in an increasingly integrated world economy

The traditional boundaries between trade policy and competition policy are becoming fuzzier and less valid because firms increasingly compete at the same time in many different markets and in different ways. The following article examines a number of policy areas in which trade policy has significant effects on competition, and competition policy has significant effects on trade. It concludes that new ways of multilateral cooperation are necessary if trade and competition policies are to complement rather than contradict each other.