Aresearch On Issues About Comteptition Law Under The WTO Law System

In general, competition policy is regarded as the domestic affairs of a sovereign state. In the past decades, the advent of the free and global economy has raised severe challenge for the inadequacy of the present laws of competition policy and the international laws. The international competition and the settlement in the field of competition has absorbed more and more concerns. Some contents of the WTO existing rules on this issue dealt with competition and the panels of the WTO Dispute Settlement Body did deal with some competition-related disputes and did make some constructive and meaningful endeavors. However, its limited capacity decided that the WTO and its panels could not settle the issue completely and they were in a weak position when being faced up the challenge from competition -related problems. Before we rush into any substantial resolution, we need to take into consideration all of the possible problems and challenges related to it as long as any measure is taken. Some of the problem come from the unique nature of competition territory and some others come from the WTO itself as a powerful and influential trade organization. The developing counties also need to set up and consummate competition law policy. If we eventually manage to work out a practical and feasible resolution after considering all the possible problems and costs , the WTO is certain to make great contribution towards the multilateral harmorization on international competition laws.