Mexico City, Mexico, 9-10 January 2018
On 9 January 2018, Angel Gurria, OECD Secretary-General and Ildefonso Guajardo, Minister of Economy of Mexico, inaugurated the II Forum on Competition and Regulation “In search of market efficiency” whose objective was to identify and debate the challenges and advances of Mexico in promoting efficient markets, using competition and regulatory policy. According to various studies from the OECD strengthening competition as well as establishing a high-quality regulatory framework is crucial to Mexico’s prosperity.
Angel Gurria stated that in recent years Mexico has taken significant steps to improve competition and the quality of its regulatory policy and that OECD has supported these efforts. He also invited forum participants to discuss the necessary public policies to reinforce Mexico’s competitiveness.
The Forum served as a framework for the launch of two reports, resulting from the co-operation between the OECD and the Ministry of Economy to strengthen competitiveness through competition and regulatory policy. The report “OECD Competition Assessment Reviews: Mexico” includes the revision and assessment of regulation that affects competition in the meat and pharmaceutical sectors. The report includes recommendations to improve the regulatory framework in these sectors and thus, benefit Mexican consumers and households with a higher variety of meat and pharmaceutical products of better quality and at more accessible prices.
The report “Governance of Regulators’ Practices: Accountability, Transparency and Co-ordination” focuses on analysing the practices of independent regulators in accountability and transparency. Accountability and transparency are fundamental, as regulatory agencies have broad powers and their resolutions affect investment decisions, property rights, financial returns, and fees and charges paid by users. The report identifies clear lessons that can help regulators in OECD countries strengthen their governance, and thus, contribute to sustainable growth and social development.
OECD Regulatory Policy Division in Mexico for Latin America, @OCDE_RLAC
Directorate for Financial and Enterprise Affairs of the OECD @oecd_BizFin
Niccolo Comini, Competition Expert, OECD