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Antitrust and Trade Regulation Law

In the effort to prevent trusts and monopolization from creating restraints on commercial trade and reducing competition, antitrust laws and trade regulations have been created that reflect virtually all industries and operations of business, including marketing and advertising, manufacturing and production, transportation, and distribution. The core antitrust laws passed by the U.S. government are: the Sherman Antitrust Act, the Clayton Act, the Wilson Act, Robinson-Patman Act, and the Federal Trade Commission Act.

The World Trade Organization (WTO) was created in 1995 to establish rules of trade among its member nations. To this end, the WTO also handles trade disputes, monitors trade policies, provides technical assistance for developing countries and cooperates with other international trade organizations.The members of the WTO negotiate World Trade Agreements which are then ratified by the parliaments or congresses of the participating nations.