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The 'Singapore Issues' which include competition
policy, investment, government procurement
and trade facilitation are going to be
at the centre of discussion in the forthcoming
Cancun Ministerial of WTO. This paper
examines the merits and demerits of multilateral
competition policy proposed by the European
Union and examines whether it will be
conducive to economic development in emerging
countries. The paper arrives at a conclusion
that the multilateral competition policy
proposed by the EU is neither suitable
from the perspective of developing countries
nor from that of the world economy as
a whole.
August 14, 2003.
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