Key documents: Executive Summary with key findings, Detailled Summary of the discussion, Background note Executive summary, by the Secretariat In the light of the written submissions, the background note and the oral discussion, the following points emerge: (1) Governments of all levels (whether local, regional, state, national or supranational) may give financial assistance to firms in various ways. This financial assistance can have the effect of distorting competition in the markets in which the firms compete. This distortion of competition can be either the primary intended effect or a secondary or unintended effect of the pursuit of other objectives. In industries with imperfect competition, each jurisdiction may have an incentive to support its own firms in order to capture a
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The OECD holds a roundtable on competition policy in subsidies and state aid
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