Anti Competitive Practices. 1. The following practices of undertakings are incompatible with the proper functioning of this Agreement in so far as they may affect trade between the Parties: (a) agreements between undertakings, decisions by associations of undertakings and concerted practices between enterprises which have as their object or effect the prevention, restriction or distortion of competition; (b) abuse by one or more undertakings of a dominant position11 in the territory of a Party as a whole or in a substantial part thereof. 2. Subject to their domestic laws, the provisions of paragraph 1 shall also apply to the activities of public undertakings, and undertakings to which the Parties grant special or exclusive rights, in so far as the application of these provisions does not obstruct the performance, in law or in fact, of the particular public tasks assigned to them. 3. Rights and obligations under this Chapter shall only apply between the Parties. 4. In order to fulfil the obligations of this Chapter, if at the moment of entry into force of this Agreement a Party has not yet adopted competition legislation or designated a competent authority, it shall do so within a period of three years.
Appears in 3 contracts
Sources: Free Trade Agreement, Free Trade Agreement, Competition Agreement