*Guatemala’s congress has approved a competition law that seeks to guarantee transparent markets and tackle monopolies and corrupt business practices. The legislation, submitted by President Bernardo Arévalo’s reformist government, establishes an autonomous competition superintendency which will investigate and sanction anticompetitive practices. The economy minister, Gabriela García, stated that “the competition law is a milestone for the nation, as it promotes the development of a more competitive economic environment, generating great opportunities for opening markets, strengthening institutions, attracting foreign investment, and increasing business productivity”.
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LatinNews Daily - 21 November 2024
In brief: Guatemala’s congress approves competition law
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