A PYMNTS Company

Mexico Calls For More Power For Its Competition Watchdog

By  |  May 18, 2020
Coronavirus Mexico

Alfonso Ramírez Cuéllar, national leader of ruling party MORENA, has released an analysis prepared by his party intended to propose constitutional changes. “The magnitude of the economic and health emergency demands it. The starting point and the outcome of the new rules of social coexistence are, without a doubt, the issue of welfare.”

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    Subscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The document released by Ramírez Cuéllar calls for increasing the strength and powers for the Federal Commission for Economic Competition (COFECE). “The concentration and power that companies have in a large number of markets that produce and distribute goods and services that are basic for the population have become one of the most important sources of social and economic inequality between regions and the various segments of Mexican society” he declared.

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    In addition, he added, the Competition Commission must be given greater powers to measure the impact on Mexicans’ levels of welfare so as to bolster joint actions in the design of policies to ensure access to goods and services with fair prices.