Mexican competition authorities have announced they have found elements to suspect serious cases of collusion between competitors in Mexico’s sugar market. Mexico’s COFECE has reached out to a number of economic agents involved in the production, distribution and sale of sugar, urging them to present documentation to answer these accusations.
The announcement marks the end of a process begun by COFECE on December 5th, 2013, shortly after a wide-ranging set of reforms to the country’s competition legislation was enacted. “With this notification we now begin the trial procedures, where the cited economic agents may present those elements which they may lawfully submit, and offer evidence regarding the accusations against them” said the Commission’s announcement.
Mexico’s competition watchdog also issued a Declaration of Probable Responsibility towards the companies involved, claiming enough evidence exists to presume that the alleged competitors had engaged in repeated instances of collusion.
Source: Diario MX
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Canadian Breadmakers Settle Price-Fixing Lawsuit
Jul 25, 2024 by
CPI
EssilorLuxottica Open to Meta as Shareholder, Says CEO Francesco Milleri
Jul 25, 2024 by
CPI
California Supreme Court Upholds Proposition 22, Securing Independent Contractor Status for Uber and Lyft Drivers
Jul 25, 2024 by
CPI
Paramount Global Investor Sues to Block Skydance Media Merger
Jul 25, 2024 by
CPI
Software Vendors Win Class Action Status in Antitrust Case Against CDK Global
Jul 25, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – International Trade & Antitrust
Jul 26, 2024 by
CPI
What is Wrong with the WTO Discipline on Subsidies?
Jul 26, 2024 by
CPI
The Abiding Tension Between Trade Remedy Law and Antitrust
Jul 26, 2024 by
CPI
Trade and Antitrust: An End to Isolationism
Jul 26, 2024 by
CPI
International Trade Law and Domestic Regulation of Generative Artificial Intelligence: Divergent Approaches?
Jul 26, 2024 by
CPI