Mexican Deputies Approve Competition Law Yvonne Reyes Campos - The News
go to original March 28, 2014

MEXICO CITY – After seven hours of debate this week, the Chamber of Deputies approved the Federal Economic Competition bill, which will regulate economic markets and make monopolistic practices punishable by up to 10 years in prison.

The law, which reforms Article 254 of the Federal Penal Code — telecommunications and economic competition matters — will be turned over to the Senate for analysis and subsequent approval.

“Economic competition is fundamental in providing consumers with a large variety of quality goods and services, and with better prices,” Deputy and Economic Committee President Mario Sánchez said. “But it is also important so that the small- and medium-sized business owners can have access to competitive and innovative consumer goods.”

“All that,” he said, “is with a fundamental purpose: To consolidate economic growth while enhancing the generation of more and better formal jobs.”

Read the rest at The News

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