The Federal Economic Competition Commission (Spanish: Comisión Federal de Competencia Económica, Cofece) is the chief competition regulatory agency in Mexico. Known as the Federal Competition Commission (Comisión Federal de Competencia, CFC) prior to 2013, the commission functions under the portfolio of the Secretariat of Economy.
Mexican Federal Competition Commission
Comisión Federal de Competencia Económica (Cofece)
Col. Santa María Nonoalco, Alcaldía Benito Juárez,
Ciudad de México, C. P. 03700,
Commission executive
Board of Commissioner
Website
Comisión Federal de Competencia Económica (Cofece) (in English)
Historyedit
The commission was established in 1993.[1][2] Under Article 28 of the Mexican Constitution, it is responsible for:
"...overseeing, promoting and guaranteeing competition and market access in Mexico for the efficient functioning of markets to the benefit of consumers and implementation of the Federal Economic Competition Law (LFCE)".[3]
The commission is headed by five commissioners appointed by the President of Mexico, each of whom serves 10-year terms; one of the five members serves as president of the commission. Additionally, Cofece employs 175 other people, including 41 support staff.
The mission of the CFC is to "protect the process of competition and free access to markets, through the prevention and elimination of monopolistic practices and other restrictions to market efficiency, in order to contribute to societal welfare." Functions of the CFC include approval of mergers and acquisitions, investigating and penalizing monopolistic conduct, authorizing business activities in regulated sectors, and advocacy for competition in the marketplace. Article 28 of Mexico's constitution prohibits monopolies, but a more complete competition policy was set out in the LFCE (1993).
Referencesedit
^"Federal Law on Economic Competition. Historical Background" (PDF). 2014-05-17. (PDF) from the original on 2014-05-17. Retrieved 2021-09-09.
^"LA PRIMERA DÉCADA DE LA COMISIÓN FEDERAL DE COMPETENCIA" (PDF). (PDF) from the original on 2021-09-09.
comisión, federal, competencia, económica, this, article, needs, additional, citations, verification, please, help, improve, this, article, adding, citations, reliable, sources, unsourced, material, challenged, removed, find, sources, news, newspapers, books, . This article needs additional citations for verification Please help improve this article by adding citations to reliable sources Unsourced material may be challenged and removed Find sources Comision Federal de Competencia Economica news newspapers books scholar JSTOR August 2019 Learn how and when to remove this template message The Federal Economic Competition Commission Spanish Comision Federal de Competencia Economica Cofece is the chief competition regulatory agency in Mexico Known as the Federal Competition Commission Comision Federal de Competencia CFC prior to 2013 the commission functions under the portfolio of the Secretariat of Economy Mexican Federal Competition CommissionComision Federal de Competencia Economica Cofece Commission overviewJurisdictionFederal government of MexicoHeadquartersAv Revolucion 725 Col Santa Maria Nonoalco Alcaldia Benito Juarez Ciudad de Mexico C P 03700 Commission executiveBoard of CommissionerWebsiteComision Federal de Competencia Economica Cofece in English History editThe commission was established in 1993 1 2 Under Article 28 of the Mexican Constitution it is responsible for overseeing promoting and guaranteeing competition and market access in Mexico for the efficient functioning of markets to the benefit of consumers and implementation of the Federal Economic Competition Law LFCE 3 The commission is headed by five commissioners appointed by the President of Mexico each of whom serves 10 year terms one of the five members serves as president of the commission Additionally Cofece employs 175 other people including 41 support staff The mission of the CFC is to protect the process of competition and free access to markets through the prevention and elimination of monopolistic practices and other restrictions to market efficiency in order to contribute to societal welfare Functions of the CFC include approval of mergers and acquisitions investigating and penalizing monopolistic conduct authorizing business activities in regulated sectors and advocacy for competition in the marketplace Article 28 of Mexico s constitution prohibits monopolies but a more complete competition policy was set out in the LFCE 1993 References edit Federal Law on Economic Competition Historical Background PDF 2014 05 17 Archived PDF from the original on 2014 05 17 Retrieved 2021 09 09 LA PRIMERA DECADA DE LA COMISIoN FEDERAL DE COMPETENCIA PDF Archived PDF from the original on 2021 09 09 cofece Info Archived from the original on 2020 12 05 Official site of the Comision Federal de Competencia English version External links editResolutions of the CFC English version nbsp This Mexican government related article is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Comision Federal de Competencia Economica amp oldid 1119427985, wikipedia, wiki, book, books, library,
