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LatinNews Regional Monitor: Mexico - 11 January 2018

In brief: Mexico

*Mexico’s federal anti-trust commission (Cofece) has announced that it has opened an investigation into whether wholesale suppliers of pharmaceutical, personal hygiene, and beauty products that operate in the country have been colluding to fix prices. In a statement, Cofece said that it decided to open an investigation after receiving “diverse information” about the existence of a potentially illicit scheme operating in the sector that aims to “block, diminish, harm, or impede free economic competition”. The statement notes that should the existence of illicit activity be confirmed, Cofece could fine the guilty parties up to 8% of their profits.