Regional Standards for Competition

The countries in the region are working on the development of a standard to regulate anti-competitive practices by regional companies.

Friday, August 30, 2013

The first draft of the new regulations was presented at the VII Central American Competition Forum.

"There are markets where competition problems cross borders and affect more than one country, we are working on a competition law and on the creation of an authority which has the power to implement it in Central America," said Francisco Diaz Rodriguez, Superintendent of Competition in El Salvador.

"At the Central American level, creating a standard for competition and regional institutions are important pieces in the consolidation of Central American integration, particularly the economic integration process, and it one of the region's commitments within the framework of the Association Agreement between Central America and European Union ", reported Elsalvador.com.



More on this topic

Rice Producers to be Fined for Anti-Competitive Practices

June 2017

Twelve rice processors in El Salvador have been sanctioned for having set up an anti-competitive agreement for pricing for rice drying and threshing services.

The economic agents sanctioned are: Arrocera Omoa S.A. de C.V., Arrocera San Francisco S.A. de C.V., Agroindustria Centroamericana S.A.

El Salvador: Fines for Anticompetitive Practices Confirmed

October 2013

The Salvadoran Justice system has upheld the fines imposed on electricity distributors and Digicel by the competition regulator.

"The Administrative Litigation Division of the Supreme Court of Justice (CSJ) ruled in favor of the Superintendency of Competition (SC) in two cases: one in which the existence of anticompetitive practices by electricity distributors CAESS and AES CLESA was determined, and the other at the opening of a sanction process against Digicel, for lack of cooperation ", reported Elmundo.com.sv.

El Salvador: Alba Petróleos Investigation Starts

July 2013

The superintendency of competition has began the investigation into alleged anti-competitive practices by Alba Petroleos.

"After analyzing the formal request by the National Association of Private Enterprise (ANEP) (February 5), the Superintendence of Competition has launched an official investigation (February 13, 2013), with the intention of determining whether Alba Petroleum had or had not violated the Competition Act through merging its businesses," noted an article in Elsalvador.com.

Investigation Over Possible Collusion on Interest Rates in El Salvador

June 2013

The Superintendency of Competition has started an investigation into the recent increase in lending interest rates of some Salvadoran banks.

From a press release from the Superintendencia de Competencia (SC) of El Salvador:

The Superintendency of Competition is investigating whether the recent rise in interest rates for loans from certain banks could respond to an alleged agreement between competitors to "compensate" for the elimination of charging an administration fee. The Superintendent will be requesting information from affected consumers.

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