Restrictive business practices
Restrictive business practices: RBPs. Anti-competitive behaviour by private firms of the type dealt with by national competition laws and policies. These can include collusion, abuse of dominant position, refusals to deal, price discrimination, resale price maintenance, exclusive dealing, vertical and horizontal arrangements, etc. There is no accepted international standard on what constitutes RBPs or how they are to be dealt with. The Havana Charter included a chapter on them, but the Charter did not enter into force. In 1980, UNCTAD adopted the Set of Multilaterally Agreed Equitable Principles and Rules for the Control of Restrictive Business Practices, but it does not contain binding obligations. Much work
Source: http://ctrc.sice.oas.org/trc/WTO/Documents/Dictionary%20of%20trade%20%20policy%20terms.pdf
Web site to visit: http://ctrc.sice.oas.org
Author of the text: W. Goode
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