The Oecd 1995 Revised Recommendation On Anticompetitive Practices Affecting International TradeAs part of its basic activities, the Organization for Economic Cooperation and Development (OECD) has initiated substantial work in the field of international competition. Its Competition Committee promotes market-oriented reform by actively encouraging and assisting decision-makers in government to regulate anti-competitive practices. An essential instrument to this end is the Recommendation of the Council concerning Co-operation between Member Countries on Anticompetitive Practices affecting International Trade. The document was first adopted in 1967 and has since been revised four times; the last of which in 1995.
The following questions have been addressed in this article:What is the cooperation between OECD Member countries’ competition authorities aimed at?
To what extent are Member countries’ competent authorities obliged to cooperate?
How does notification of cases between competition authorities function?
What kind of information is exchanged and how much are undertakings’ rights protected?
Has the Recommendation been effectively put into practice?