A controversial new Law for Waste Management – known locally as the REP – has come under fire from various businesses concerned over what they perceive as a threat to competitiveness, and have solicited the intervention of the country’s dual competition authorities, the TDLC and the FNE.
The Council of Ministers for Sustainability has approved all three new regulations, which will serve as guidelines for implementing the new laws. The regulation would bring Chile in line with OCDE standards in matters of waste management, reducing waste production and increasing the rate of recycling. However, the consultation period saw several complaints and objections from business and labor groups, concerned over the risks to free competition implied by the initiative.
The regulations would force producers to present a detailed waste treatment and collection plan through an individual or collective management system. Plans should, by law, detail how the companies will finance this operation, as well as the products to be recycled. Several companies have expressed concerns over the nature of this information, which may be confidential and harmful if leaked to their competitors. “The estimates of products to be placed into the market are confidential, sensitive information for companies from a competitive point of view”, said Embotelladora Andina.
Full Content: Pulso
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Justice Department Moves to End NCAA Transfer Rule
May 30, 2024 by
CPI
Kenya’s Competition Authority Proposes Tougher Regulations on Big Tech
May 30, 2024 by
CPI
KKR Secures EU Antitrust Approval for $24 Billion Acquisition of Telecom Italia’s Fixed-Line Network
May 30, 2024 by
CPI
European Court Sides with Tech Giants in Italian Regulatory Dispute
May 30, 2024 by
CPI
US Steel and Nippon Steel Secure International Approvals for $14.9B Merger
May 30, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Healthcare Antitrust
May 31, 2024 by
CPI
AI and Antitrust Considerations in U.S. Health Care
May 31, 2024 by
CPI
Uncertainty in the Bottom Line: New Antitrust Scrutiny and Enforcement in Private Equity Transactions
May 31, 2024 by
CPI
Effecting M&A Diligence When Competitors Are Involved
May 31, 2024 by
CPI
AI, Pharmaceutical Sector, and EU Competition Law and Policy: What Does the Future Look Like?
May 31, 2024 by
CPI