November 2024
Frontpage
Competition studies
Recommended reading
FRONTPAGE
Positioning on the approval of the reform on organic simplification
Positioning on the approval of the reform on organic simplification
The Federal Economic Competition Commission (Cofece) set out its position on the approval in Congress of the reform that proposes the disappearance of constitutionally autonomous agencies. It pointed out that it is essential to guarantee mechanisms to maintain a strong economic competition policy that continues to generate tangible benefits, investigating and sanctioning with all force illegal practices of companies that harm consumers.
In addition, Cofece reiterated its willingness to collaborate with legislators in the definition of secondary legislation, which will be key to ensure that competition policy continues to benefit Mexican families, promotes a fair and inclusive economy, provides certainty to investment, and generate more jobs.
Cofece stressed that until the reform is fully in force, it will continue to make full use of its powers; it will investigate and sanction those who violate the law and harm the population, will promote collective actions and continue to promote competition so that tangible benefits are generated for the population.
COMPETITION STUDIES
Authorities and financial sector experts discuss Cofece's proposals for financial inclusion
Federal authorities, academics, experts, and representatives of the Fintech sector met at the Faculty of Law of the National Autonomous University of Mexico to analyze the challenges and opportunities of the industry within the framework of the Study on Competition and Free Market Access in Digital Financial Services, prepared by Cofece.
The study makes recommendations on financial sector practices and legislation with the aim of reducing the financial inclusion gap in our country through specific actions that facilitate access to more and better financial services for all people in Mexico.
In her speech, Andrea Marván Saltiel, Chair of Cofece, emphasized that the study is based on the premise that public institutions must promote financial inclusion with firm and clear decisions, for which it is important to deepen competition between fintech and traditional financial companies.
Federal authorities, academics, experts, and representatives of the Fintech sector met at the Faculty of Law of the National Autonomous University of Mexico to analyze the challenges and opportunities of the industry within the framework of the Study on Competition and Free Market Access in Digital Financial Services, prepared by Cofece.
The study makes recommendations on financial sector practices and legislation with the aim of reducing the financial inclusion gap in our country through specific actions that facilitate access to more and better financial services for all people in Mexico.
In her speech, Andrea Marván Saltiel, Chair of Cofece, emphasized that the study is based on the premise that public institutions must promote financial inclusion with firm and clear decisions, for which it is important to deepen competition between fintech and traditional financial companies.
RECOMMENDED READING
Algorithms and economic competition in the digital environment.
This booklet aims to show the importance of algorithms in the digital economy and their relationship with economic competition.
It also explores the impact of algorithms on digital markets, highlighting their usefulness in improving services and competition.
The study addresses the use of algorithms in digital platforms such as recommendations and pricing, their benefits such as cost reduction and innovation, and the associated risks such as collusion, abuse of market power, and dark patterns that affect consumers.
BY THE NUMBERS
BY THE NUMBERS
During November, the Commission dealt with 104 matters, of which 59 correspond to mergers, 28 to proceedings for monopolistic practices and unlawful mergers, 4 to special proceedings, and 13 to opinions on bidding processes, concessions, and permits.
Complaints, investigations, and trial-like proceedings
- 4 complaints were analyzed, of which 2 were received during the period. Of these, 1 was rejected and 1 was suitable to start an investigation, so at the end of the month 2 complaints were still under analysis.
- 4 new investigations were initiated, in addition to the 16 that were already under analysis at the beginning of the period, so that at the end of the month, 20 investigations were in progress.
- 5 trial-like proceedings were followed up.
- 4 special procedures were followed up to determine the existence of essential facilities and barriers to competition.
Mergers
- 59 mergers were monitored, of which 15 were notified during the period. Of these transactions, 3 were authorized and 1 was objected, accordingly 55 remained under analysis at the end of the month.1
- The amount of authorized transactions was $27,134.9 million pesos.
Amparo trials
- During November, the Judicial Power resolved 8 amparo trials: 4 were granted, 3 were denied and 1 was dismissed.2 At the end of the period, 380 trials are still in process, of which 331 correspond to economic competition matters..
1. The file numbers of the authorized mergers are: CNT-044-2024-I, CNT-115-2024 (LSF12 Crow China Holdco, Ltd. / Carrier Global Corporation) y CNT-0127-2024 (Productos Dolores, S.A. de C.V. / Solar Chaca, S.A. de C.V.).
2. Of which it is reported that the jurisdictional body that finally resolved and the file numbers of the dismissed amparo trails are: Second Collegiate Circuit Court in Administrative Matters, Specialized in Economic Competition, Broadcasting and Telecommunications, with residence in Mexico City and Jurisdiction throughout the Republic, R.A. 470/2023; Second Collegiate Circuit Court in Administrative Matters Specialized in Economic Competition, Broadcasting and Telecommunications, with residence in Mexico City and jurisdiction throughout the Republic, R. A. 188/2023; First District Court in Administrative Matters Specialized in Economic Competition, Broadcasting and Telecommunications, with residence in Mexico City and jurisdiction throughout the Republic, file 6/2024; of the amparo judgments granted are: First Collegiate Circuit Court of the Auxiliary Center of the First Region, with residence in Mexico City, R.A. 881/2021; Fourth Collegiate Circuit Court of the Auxiliary Center of the First Region, with residence in Mexico City, R.A. 189/2023; Fourth Collegiate Circuit Court of the Auxiliary Center of the First Region, with residence in Mexico City, R.A. 302/2023; First Collegiate Circuit Court of the Auxiliary Center of the First Region, with residence in Mexico City, R.A. 302/2023; Fourth Collegiate Circuit Court of the Auxiliary Center of the First Region, with residence in Mexico City and Jurisdiction throughout the Republic. 302/2023; First Collegiate Circuit Court in Administrative Matters, Specialized in Antitrust, Broadcasting and Telecommunications, with residence in Mexico City and jurisdiction throughout the Republic, R.A. 672/2022 and of the denied amparo trial is: Second Collegiate Circuit Court in Administrative Matters Specialized in Antitrust, Broadcasting and Telecommunications, with residence in Mexico City and jurisdiction throughout the Republic, R.A. 560/2023.
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