Trade, transparency and competition FTAA and CER

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Publicado: mar. 2, 2025

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José Tavares de Araujo Junior

Resumo

This paper shows that asymmetric information, entry barriers and market power are the basic sources of anticompetitive behavior and argues that trade liberalization is a necessary but not sufficient condition to foster competition in the domestic market of small economies. This statement implies a challenge to the Free Trade Area of the Americas (FTAA) initiative as 22 countries in the Western Hemisphere do not have competition policy institutions. After highlighting some aspects of the US antitrust experience over the last 25 years and indicating that anticompetitive behavior is not related to market size, the paper reviews the processes of economic reform in Australia and New Zealand to show that the Closer Economic Relations Agreement (CER) between these countries provides lessons that are useful for addressing the FTAA challenge.

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Araujo Junior, J. T. de. (2025). Trade, transparency and competition: FTAA and CER. Revista Do IBRAC, 8(3), 47–68. Recuperado de https://revista.ibrac.org.br/index.php/revista/article/view/845
Edição
v. 8 n. 3 (2001)
Seção
Artigos para Revista do IBRAC
Creative Commons License
Este trabalho está licenciado sob uma licença Creative Commons Attribution 4.0 International License.
Biografia do Autor

José Tavares de Araujo Junior

Consultant to the Trade Unit of the Organization of American States (OAS). I am grateful to the research assistance provided by Cristina Gamboa, who has reviewed the US antitrust cases compiled in the annex and has organized the data presented in table 3, to César Parga, who gathered the bibliography on Australia and New Zealand, and to Jane Thery for helpful comments. The views presented here are the author's own and should not be attributed to the OAS General Secretariat or any of its member countries.

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press-files.anu.edu.au

press-files.anu.edu.au

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