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Gerardo Calderon-Villegas, Jul 16, 2014
On July 7, 2014, a New Federal Economic Competition Law (the “New Mexican Antitrust Law”) came into force in Mexico.
The New Mexican Antitrust Law maintains most of the concepts and provisions of the Mexican Antitrust Law in force since 1993, while strengthening the Federal Economic Competition Commission (“Cofece” per its acronym in Spanish) and introducing novel concepts aimed at increasing competition in all product and service markets.
The Mexican Antitrust Law published in 1992, and in force since 1993, represented a radical change in Mexican antitrust policy, and was intended to generate competition in an open market economy. The New Mexican Antitrust Law represents the consolidation of that policy and the Mexican government’s efforts towards such objectives.