Agreeing on Multilateral Competition Law?

Ever since 1948 when governments failed to come to an agreement on the Havana Charter the topic of multilateral competition policy has remained unresolved whilst the drafting of said Charter paved the ways for the development of modern trade law in form of the provisory GATT. Over sixty years have passed since and the gap between the two categories of policies has but grown wider. To date over 153 economies are active members of the World Trade Organization. In contrast to this only regional and bilateral trade agreements have been reached between national competition agencies. This study aims at understanding the potential impact on the global economy of a multilateral agreement on competition law.