The Unctad Set Of Principles And Rules On CompetitionThe United Nations Conference on Trade and Development (UNCTAD) is an institutional body within the framework of the United Nations, specifically aiming to integrate developing countries into the world economy. UNCTAD's role in the field of competition law and policy dates back to the early seventies, when developing countries in particular, saw the need for work in the policy area of restrictive business practices (RPBs). The initiative elaborated a multilateral code of conduct or set of principles and rules for the Control of Restrictive Business Practices. This set of business practices constitutes the only fully multilateral, though not binding, instrument on competition law and policy on a global level.
The following questions have been addressed in this article:What is the scope of application of the UNCTAD Set of Principles and Rules on Competition?
How does the Set of Rules affect companies and their market behavior?
What restrictive business practices is the Set of Rules dealing with?
What are the recommendations specifically addressed to States?
Is there any specific institutional and/or judiciary framework for the application of the Set of Rules?