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date: 23 October 2020

Abstract and Keywords

This article is based on the conviction that trade unfettered by government restrictions in trade and investment contributes to the maximization of economic welfare of trading nations Competition policy, which applies both domestically and internationally, aims at promoting the freedom of business activities. World Trade Organization (WTO) law and competition policy are grounded on similar principles, that is, free trade, non-discrimination, and competition. A brief survey of ‘extraterritorial application’ of national laws in the major jurisdictions is given. It is intended to show that there is a wide gap between the coverage of national laws and transnational features of economic activities of enterprises. This article provides a quick glance through the development of jurisdictional doctrines in major jurisdictions in competition law and tensions and conflicts among trading nations resulting from the extraterritorial application of competition law.

Keywords: trade, economic welfare, competition policy, extraterritorial application, jurisdictions

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