Part ICompetition

Chapter IAgreements

Exemptions

9The criteria for individual and block exemptions

This section applies to any agreement which—

a

contributes to—

i

improving production or distribution, or

ii

promoting technical or economic progress,

while allowing consumers a fair share of the resulting benefit; but

b

does not—

i

impose on the undertakings concerned restrictions which are not indispensable to the attainment of those objectives; or

ii

afford the undertakings concerned the possibility of eliminating competition in respect of a substantial part of the products in question.