Competition Law for Guatemala

There is a need to deal with bad business practices by cartels, territorial control and corporate concentration that is preventing the entry of new enterprises.

Tuesday, June 12, 2012

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). "

More on this topic

Guatemala: Customs Union with Honduras Approved

January 2016

The decree approved by the Guatemalan Congress was the missing step needed to implement the free movement of people and goods between the two Central American countries.

From a statement issued by the Ministry of Trade:

Guatemala, January 22, 2016. The Congress of Guatemala yesterday approved a Protocol Enabling the Deep Integration towards the free movement of people and goods between the Republics of Guatemala and Honduras.

New Law on Competition in Costa Rica

September 2012

The Law on Promotion of Competition and Effective Consumer Protection recently approved typifies monopolistic practices and changes the rules on economic groups.

Two of the most important changes are expanding the scope of the law, which now includes public service employees in cases of concessions and the introduction of a new absolute monopolistic practice: the agreement between competitors to 'refuse to buy or sell goods or services'.

Controlling Mergers in Costa Rica

October 2012

Analysis of the amendment to the Law for Promotion of Competition and Effective Defence of the Consumer which now establishes prior control of economic concentrations.

Competition Bulletin, the Antitrust Commission (COPROCOM):

"... a partial amendment has recently been approved to Law No. 7472, which introduces important changes in antitrust

Possible Reform of Consumer Protection Act

March 2013

A new bill in Panama provides guarantees in real estate development and makes tips voluntary, among other topics.

From a statement by the Authority for Consumer Protection and Competition (ACODECO):

ACODECO presented to the press a proposal which contemplates reforming Law 45 on Consumer Protection.

 close (x)

Receive more news about Economics

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Looking for partners to explore a quarry

We're looking for partners to explore a very broad deep granite quarry, big enough and suitable for commercial quarrying, capable of producing raw materials of concrete and aggregated.
Located in Jequie, Bahia, Brazil, the granite has an...

Stock Indexes

(May 27)
Dow Jones
-0.06%
S&P 500
0.30%
Nasdaq
0.50%

Commodities

(May 27)
Brent Crude Oil
49.890
Coffee "C"
123.00
Gold
1,214
Silver
16.255