Mexico’s President Andres Manuel Lopez Obrador on Thursday, June 11, backed a political ally’s proposal to merge three regulatory bodies into a single new one in a move the opposition criticized as a power grab that could jeopardize oversight, reported the New York Times.
The senate leader of Lopez Obrador’s ruling National Regeneration Movement (MORENA), Ricardo Monreal, on Wednesday presented the plan to combine energy regulator CRE, the Federal Economic Competition Commission (COFECE), which is an antitrust watchdog, and telecom regulator IFT.
“If we’re going to save money, I’m for it. Because there was a lot of waste in the creation of (regulatory) bodies,” Lopez Obrador said at a regular daily news conference.
Lopez Obrador has promised to reduce public spending to free up more resources for the poor and his flagship projects.
Full Content: New York Times
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Nvidia and Microsoft Sued for Allegedly Undercutting AI Technology Patent Prices
Sep 5, 2024 by
CPI
White & Case Strengthens Antitrust and M&A Practices with New Partner Additions
Sep 5, 2024 by
CPI
Federal Judge Dismisses Antitrust Lawyers’ Fee Demand Over JetBlue-Spirit Deal
Sep 5, 2024 by
CPI
Boston Landlords Named as US Sues RealPage Over Alleged Rent-Inflating Practices
Sep 5, 2024 by
CPI
Judge to Weigh Landmark NCAA Settlement Proposal in Antitrust Lawsuit
Sep 5, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Canada & Mexico
Sep 3, 2024 by
CPI
Competitive Convergence: Mexico’s 30-Year Quest for Antitrust Parity with its Northern Neighbor
Sep 3, 2024 by
CPI
Competition and Digital Markets in North America: A Comparative Study of Antitrust Investigations in Mexico and the United States
Sep 3, 2024 by
CPI
Recent Antitrust Development in Mexico: COFECE’s Preliminary Report on Amazon and Mercado Libre
Sep 3, 2024 by
CPI
The Cost of Making COFECE Disappear
Sep 3, 2024 by
CPI