Article 101 states that agreements that fall under it should affect trade between Member States. This has been interpreted in a non-restrictive way, for example, several agreements amongst firms with no production in the EU have been considered to affect trade between Member States. In the Webb-Pomerene case, EU law was applied to a US cartel with no production in the EU.
Read more about this topic: Article 101 Of The Treaty On The Functioning Of The European Union
Famous quotes containing the words trade, member and/or states:
“International relations is security, it’s trade relations, it’s power games. It’s not good-and-bad. But what I saw in Yugoslavia was pure evil. Not ethnic hatred—that’s only like a label. I really had a feeling there that I am observing unleashed human evil ...”
—Natasha Dudinska (b. c. 1967)
“The very existence of society depends on the fact that every member of it tacitly admits he is not the exclusive possessor of himself, and that he admits the claim of the polity of which he forms a part, to act, to some extent, as his master.”
—Thomas Henry Huxley (1825–95)
“It may be said that the elegant Swann’s simplicity was but another, more refined form of vanity and that, like other Israelites, my parents’ old friend could present, one by one, the succession of states through which had passed his race, from the most naive snobbishness to the worst coarseness to the finest politeness.”
—Marcel Proust (1871–1922)