The OECD holds a roundtable on competition, State aids and subsidies

OECD,

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1 Feb 2010

The OECD holds a roundtable on competition, State aids and subsidies

KEYWORDS

Reference

OECD, Competition, State Aids and Subsidies, Executive Summary with key findings, Detailed Summary of the discussion, Background note, February 2010

Executive summary, by the Secretariat From the background paper, country contributions and the discussion at the roundtable held at the 2010 Global Forum on Competition, the following key points emerge on Competition policy, State Aids and Subsidies. (1) State aids and subsidies represent a significant amount of public funds and governments grant subsidies in a multiplicity of ways. Despite the downward trend in the amount of state aids and subsidies granted by governments, they still account for a significant share of the world economy. Even in the European Union, where control is the strictest, state aids represent about 1% of EU GDP excluding crisis-related measures. Furthermore, globalisation intensifies competition between countries, especially for foreign investment. It