Enforcement of Competition Law in the Energy Sector in Accordance with the WTO

Given the global nature of trade and the harmful effects of unfair practices on consumers, it is important to investigate the possibility of implementing international competition law. This is due to the fundamental connection between trade matters and the concept of fair competition among market participants. Nevertheless, it is important to highlight that there is currently a scarcity of complete legislation in this field, and the current agreements of the World Trade Organisation (WTO) do not include provisions related to competition law. WTO is an international trade entity that seeks to promote global trade growth by removing trade obstacles, thereby creating a favorable climate for talks. The main objectives of the WTO are to promote competitiveness and prevent any form of unfair treatment towards any specific foreign trade partner. Within the scope of WTO agreements, multiple working groups and experts have examined competition regulation. As a result, these organisations have proactively put up and introduced the International Competition Code, often known as the Munich Code, during the Uruguay Round. Various approaches led to the incorporation of competition law into WTO agreements.