| Author (Person) | Buck, Tobias, Wright, Robert |
|---|---|
| Series Title | Financial Times |
| Series Details | 15.12.05 |
| Publication Date | 15/12/2005 |
| Content Type | News |
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The European Commission proposed on 14 December 2005 to repeal the block exemption of liner conferences from the EC Treaty competition rules’ ban on restrictive business practices (Article 81). The current block exemption, established by Council Regulation 4056/86, allows carriers to fix prices and regulate capacity jointly. Repealing the exemption will benefit EU exporters by lowering transport prices whilst maintaining reliable services. This will enhance the competitiveness of EU industry, furthering the Lisbon Strategy. The Commission proposal would also bring maritime tramp and cabotage services under the scope of the competition implementing rules (Regulation 1/2003), giving the Commission jurisdiction to apply the competition rules in the sector. |
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| Subject Categories | Internal Markets, Mobility and Transport |
| Countries / Regions | Europe |
