The European Union and the New Trade Politics by John Peterson

Author:John Peterson [Peterson, John]
Language: eng
Format: epub
Tags: Political Science, General, Social Science
ISBN: 9780415394918
Google: ApP_GwAACAAJ
Goodreads: 13710016
Publisher: Routledge
Published: 2007-01-15T09:03:05+00:00

CONCLUSIONS

This article set out to investigate the changing nature of international competition policy and its implications for the new trade politics and the deep trade agenda. Particular attention has been paid to the role of the EU to find out where and why it is promoting international regulatory convergence and co-operation in this policy area.

In order to reduce the likelihood of different decisions in individual competition cases, regulators have sought, primarily through their discretionary authority, to develop an international competition regime that promotes dispute prevention over a reliance on political dispute resolution. In short, the regulators prefer that their foreign counterparts reach the same decision in multi-jurisdictional competition cases because conflicting decisions can lead to political intervention and undesirable trade linkages and tensions. To reduce the likelihood of such situations, EU competition regulators promote international co-operation and convergence. This allows the EU to address effective enforcement of competition disciplines across a proliferating number of jurisdictions. In this regard, the provision of technical assistance and capacity-building becomes a fundamental component of the international efforts to increase co-operation and convergence.

This article employs the venue shopping model to explain DG Competition’s selection among the four most important international organizations for the promotion of convergence and co-operation in competition policy. Venue shopping is used to direct the empirical analysis, not to make value judgements about politicians and the appropriateness of democratic control of regulators. Table 1 summarizes the findings of the empirical analysis of five legal features identified across the four organizations. These features determine DG Competition’s preference for working within each organization and, as a result, the role each organization plays in realizing the deep trade agenda. This is not to claim

Table 1. The legal features of international organizations

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