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Peru: Regulator removes barriers to competition, saving $100 million

By  |  April 26, 2016
Peru: Regulator removes barriers to competition, saving $100 million

Peruvian competition regulators INDECOPI have ordered the total removal of a series of bureaucratic obstacles, red tape and other procedures in various public entities in all three branches of government and at every level: National (ministries), Regional (regional governments) and local (municipalities and districts) as well as higher education institutions and universities.

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    Between January and December 2015, INDECOPI successfully repealed 1,885 individual ‘barriers’, which were considered illegal or lacking good reason. Several of these were dropped voluntarily by the organization once notified by the INDECOPI investigators.

    The barriers removed have mostly freed the transport, construction and telecommunications sector. Calculations by the agency itself have placed the total amount of money saved on cumbersome procedures at over S333 million Soles, or around $101 million US.