Are there any international laws governing unfair competition?

Yes, there are international laws governing unfair competition. These international laws provide rules and regulations for countries to follow when engaging in business and commerce with each other. In Washington, Unfair Competition Law is governed by the Washington Antitrust Act. The act defines unfair competition as commercial activities that create an unfair advantage for one company over another. This includes activities such as price fixing and collusion, exclusive deals, predatory pricing, unfair trade practices, and false advertising. At the international level, several multilateral agreements exist to ensure fair competition among nations. The World Trade Organization (WTO) is the primary institution responsible for overseeing international trade and economic policy. Its agreements cover a range of issues, including the prohibition of certain types of trade restrictions and the promotion of healthy competition between countries. The United Nations Conference on Trade and Development (UNCTAD) also supports free and fair competition among countries. It aims to ensure that all countries benefit from international trade by developing trade rules. The organization works with members to develop better understanding and cooperation between countries in areas such as competition law, antitrust enforcement, and consumer welfare. The OECD is another organization dedicated to ensuring fair competition among countries. It is a forum of 35 countries who are committed to promoting fair markets, maintaining competition and improving economic performance. The OECD works to promote economic development and international trade. In the United States, the Federal Trade Commission (FTC) is the main federal agency charged with enforcing US antitrust and competition laws, which include unfair competition laws. The FTC works with the Department of Justice, state attorneys general, and foreign antitrust authorities. These organizations work together to promote free and fair competition, which benefits consumers and promotes economic growth.

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Are there any international laws governing unfair competition?

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