What Is An Agreement For The Purposes Of Competition Law

[35] This was the first time that the principles of competition law had been incorporated into a plurilateral regional agreement and that the trans-European model of competition law had been established. In 1957, competition rules were incorporated into the Treaty of Rome, also known as the EC Treaty, which established the European Economic Community (EEC). The Treaty of Rome made the adoption of competition law one of the main objectives of the EEC by `introducing a system which ensures that competition in the common market is not distorted`. The two key provisions of EU competition law for businesses were set out in Article 85, which prohibited anti-competitive agreements subject to certain exceptions, and in Article 86, which prohibits the abuse of a dominant position. .