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achieve agreements anti-dumping arbitrage Article 130 Article 85 authorities beneﬁts capacity cartel cent Commission‘s Community‘s companies competition and industrial competition law competition policy competition rules concerned conﬂict costs Council countries decisions deﬁned deﬁnition difﬁcult distortions domestic drugs dumping EC Treaty economic effects efﬁciency Europe European Commission European Community European Union exports external favour ﬁbres ﬁbres industry ﬁeld ﬁnal ﬁnancial ﬁnancing ﬁrms ﬁrst ﬁxed foreign GATT global harmonization implementation imports increase industrial policy industrial policy objectives inﬂuence innovation instruments internal market intervention investment issue Jacquemin Japan Japanese liberalization Maastricht Treaty man-made ﬁbres market failures market share Member million tonnes networks oligopoly optimal pharmaceutical policy measures price controls production proﬁtability proﬁts programme protection quotas reduce reﬂect restrictions restructuring result signiﬁcant soda-ash speciﬁc steel industry strategic structure subsidies sufﬁcient synthetic ﬁbres tariff telecommunications telecommunications services sector textile three policies trade policy