Competition policy is crucial for the global economy, with many anti-competitive practices now having international impacts. While there is no general agreement on competition policy at the global level, elements of it are included in various WTO agreements. National competition policies are vital for benefiting from international trade agreements. Bilateral and regional trade agreements also include detailed chapters on competition policy. The importance of competition policy for international trade is evident in the increasing focus on it in trade agreements and the work of the WTO.