The Necessity and Challenges of International Competition Law

Globalization of trade arises some controversial issues which should be considered in legal studies. This paper provides an overview of “international competition law”, as an intensive discussion which international trade encounters with. The spread of competition law around the world has been remarkable. But to initiate international competition law, as a comprehensive system, is unworkable. It can be safe to say that the main reason is the variety of approach about the competition law.
The importance of competition law in international trade relations is undeniable, but it is an insufficiently studied field. The article, after introducing characteristics, clusters the arenas and the sources of international competition law. The findings of the study confirm the necessity of harmonization and the importance of international co-operation by soft law. Given the difficulties of international collaboration this is a considerable achievement. The Prevalence of soft law asserts that there can be no doubt that states are no longer the only or most important actors in global law.