Guatemala does not have laws on competition

In Central America it is the only country that does not have any legislation on competition

Friday, January 30, 2009

Leonel Diaz says in an article on Prensalibre.com: "The purpose of such a regulation is to prevent monopolies and companies agreeing to set prices".

"There has never been any bill to regulate competition," said Mariano Rayo, president of the Economic Commission of the Legislature."

More on this topic

Regulations of Competition Law

March 2013

Under public consultation in Costa Rica is the draft Regulation to the partial reform of the Law on Promotion of Competition and Effective Consumer Protection.

From Competition Bulletin No. 156 by the Commission to Promote Competition (COPROCOM) in Costa Rica:

PUBLIC CONSULTATION:

Competition Law for Guatemala

June 2012

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.

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.

Competition Law Reform in El Salvador

February 2012

Adjustments to the text are being planned in anticipation of the implementation of Public-Private Associations (APP in Spanish).

This will be the second amendment to the Competition Act since it was created.

The main reason for this reform is to adapt standards to the government’s economic recovery plans and the imminent operation of the Public-Private Associations (APP).

Guatemala Reactivates Competition Bill Project

July 2010

The Ministry for the Economy announced that it will speed up the competition bill that has been in Congress since 2008.

Guatemala is the only country in Latin America without legislation preventing monopolistic practices.

Erick Coyoy, Economy Minister, told Elperiodico.com.gt that, “the association agreement between Central America and the EU sets out that Guatemala must introduce a Competition Law within three years and standardize the legislation with other countries in the isthmus within six".

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