Russia will be allowed to export steel without hindrance into the European Union by the end of 2001 as long as it introduces new rules on competition.
But in fairness, the government has already shown a willingness to antagonise powerful businesses whether in a good cause, as with this week's new tougher rules on competition policy, or in a bad one, as with the extension of workplace regulation.
Stock exchanges are facing a shake-up in Europe, as lawmakers establish new rules to boost competition in the derivatives-trading sector.
And earlier this year another London council, Haringey, competed to open a school under new rules and won the competition (which it ran itself).
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Any new fiscal rules need to allow for tax and labor-policy competition.
The new rules, detailed in July, finally acknowledge the extra competition.
It broke several of the rules laid down for the competition to design a new opera house (in fact, two performance halls) on Bennelong Point, in Sydney.
Given the conditions and new boat design this year, organizers for the first time had enacted new safety rules requiring sailors to wear crash helmets during practice and competition.
Under the proposed new rules, councils would be banned from publishing newspapers in direct competition to the local press.
It has to be regarded as a powerful new force in a world where population growth and competition for resources have changed the economic and political ground rules for ever, apparently crippling the ability of old-style free-market economics to deliver growth.
New rules were introduced in 2005 but in 2012 the OFT threatened to refer the warranties market to the Competition Commission.
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