Guatemala: Criticism of Competition Law

Warnings have been given over the fact that the project does not include international best practices, and that "the chapter on concentrations needs to be revised because it contains elements that would make its prior controls inoperative."

Tuesday, November 15, 2016

From a statement issued by Asies:

 ASIES' OPINION OF RULING 02-2016 BY THE COMMITTEE ON FOREIGN TRADE AND ECONOMY ON INITIATIVE  5074 REGARDING APPROVAL OF THE LAW OF ON COMPETITION

Considering the principles of social market economy that ASIES promotes we affirm the need that Guatemala has to approve and put into effect a Law on Competition. This regulatory framework is essential for the proper functioning of markets and consequently for the ultimate benefit for consumers. 

The favorable ruling from the Commission of Economy and Foreign Trade, approved substantial modifications to the initiative of the Ministry of Economy, identified with the number 5074.

¿Busca soluciones de inteligencia comercial para su empresa?



More on this topic

Guatemala: Competition Law Goes Ahead

March 2018

After making more than 40 amendments to the previous project, the legislative commission will be presenting a proposal and expects the process to move forward without further modifications.

The Economy Commission of the Congress of the Republic reported that they presented a second opinion on the Competition Law initiative, and took the opportunity to explain that among the parties that participated in the work room, they agreed that the topic will be addressed in a single reading and no last minute amendments will be presented.

Guatemala: Draft Law on Competition

May 2016

The bill presented to Congress creates the Superintendency of Competition which will be able to investigate business practices in order to punish them if they are anti-competitive.

From a statement issued by the Ministry of Economy:

The Minister of Economy, Ruben Morales, presented the draft Competition Act to Congress, to regulate Articles 43, 119 and 130 of the Constitution of the Republic, in order to promote economic efficiency and fulfill the commitment made in the Association Agreement with the European Union.

Guatemala: Finally a Law on Competition?

January 2016

The authorities have until November 31, 2016 to approve a law for the promotion and defence of competition.

The European Union needed to demand a Competition Law in the Association Agreement with Central America in order for Guatemala, the only country in the region not to have rules in this area, to bring the country up to date in this area.

Guatemala In Need Of Competition Law

March 2010

It is the only country in the region that lacks a law to regulate market competition, a requirement for negotiating with the European Union.

The Economy Ministry plans to send this initiative to Congress in the first half of 2010.

From Elperiodico.com.gt: “… the country will have to speed up its passing to comply with this regional commitment. The agreement with the European Union could come into force in 2012”.

ok