More competition leads to more economic wellbeing, more jobs and investment, said Miguel Flores Oberland, Federal Commissioner for Competition in Mexico, who lectured recently in Guatemala.
For these reasons, "those who promote monopolies should be discouraged and laws should be enacted to prevent barriers of entry not only to products or transportation, but also to professionals," said Flores Bernese, according to Prensalibre.com.
The Mexican official listed the steps required in order to combat anti-competitive monopolistic practices:
"From the perspective of the Federal Commissioner for Competition, the first step after passing the legislation, is to create an independent body that can act legally against offenders. The second step is to direct efforts to reducing the activity of business cartels that set prices jointly. As mentioned, the Federal Competition Commission of Mexico recently received money from fines of $1.83 million to proprietors of a ferry (a type of vessel that joins two points carrying passengers and cars) which provided a service between Isla Mujeres and Carmen beach in Cozumel. Another case involved a group of pharmaceutical companies who paid a fine of $10.7 million for high priced medicines for the Mexican Social Security Institute (IMSS). "
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