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Words: 1,500 | Submitted: Thu Feb 28 2008
... it is working in the best interests of the economic community. Article 81 of the EC Treaty is an anti competitive policy which restricts trading agreements that may negatively effect the common market. Competition is highly advantageous to the economic community as it encourages companies to be dynamic and innovative, keeps prices down and encourages an efficient economy. Anti competitive behaviour restricts these improvements by effecting the availability or service of goods in a manner that is detrimental to other undertakings or to individuals. This can include price fixing, any control over production or technical development or the domination of the market by larger undertakings co-operating together. These practices are restricted by Article 81(1) which prohibits "all agreements...which may affect trade between Member States and have as their object or effect the prevention, restriction or distortion of competition"1. Any agreements or decisions prohibited by Article 81 (1) are automatically void under ...
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