Draft Treaty establishing the European Union

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Part Four THE POLICIES OF THE UNION

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Article 48 Competition

Article 48 Competition

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The Union shall have exclusive competence to complete and develop competition policy at the level of the Union, bearing in mind:

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the need to establish a system for the authorization of concentrations of undertakings based on the criteria laid down by Article 66 of the Treaty establishing the European Coal and Steel Community,

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the need to restructure and strengthen the industry of the Union in the light of the profound disturbances which may be caused by international competition,

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the need to prohibit any form of discrimination between private and public undertakings.

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