1. The Parties recognise the importance of free and undistorted competition in their
trade relations. The Parties acknowledge that anti-competitive business conduct has
the potential to distort the proper functioning of markets and undermine the benefits
of trade liberalisation.
2. The Parties shall take appropriate measures to proscribe anti-competitive business
conduct, recognising that such measures will enhance the fulfilment of the objectives
of this Agreement.
3. The Parties shall cooperate on matters relating to the proscription of anti-competitive
business conduct in the free trade area in accordance with the Agreement between
the European Communities and the Government of Canada Regarding the
Application of their Competition Laws, done at Bonn on 17 June 1999.
4. The measures referred to in paragraph 2 shall be consistent with the principles of
transparency, non-discrimination, and procedural fairness. Exclusions from the
application of competition law shall be transparent. A Party shall make available to
the other Party public information concerning such exclusions provided under its