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Mexico: COFECE to probe railway petrochemicals transport sector

By  |  September 24, 2018

Mexico’s Federal Commission of Economic Competition (COFECE) has launched a probe to determine whether conditions for effective competition exist in the rail freight service for chemical or petrochemical products in the southern zone of the state of Veracruz.

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    About 89% of the total load that travelled by rail from the south-southeast region of Mexico to other areas was concentrated in the southern area of ​​Veracruz; of this volume, three out of five tons corresponded to products linked to the oil industry.

    The Investigating Authority may request information or relevant documentation from sector regulators, request it from the economic agents that participate in the market, and/or assist any person who can contribute to the investigation, with up to 90 working days to analyze sector, to then issue a resolution and lay down tariff regulations, access rules, or other necessary determinations.

    Full Content: El Economista

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