Regulatory reform and competition policy

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Barriers to trade remain high. More competition in food, retail and telecommunication sectors would create jobs over time and lower prices. The competition authority (SIC) needs more independence.
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Mexico’s economy has been hindered by weak competition, and large firms have become dominant players in several markets and thus have earned monopoly rents. To restore dynamism in these markets, the general competition agency COFECE has been strengthened.
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To strengthen competition, network-industry regulation needs to adjust further and improve the competitive environment more generally in light of the review currently underway. Welcome efforts to reduce red tape are underway.
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