Guatemala soon to accept competition law

Guatemala's Congress is in the process of enacting a competition law before the year ends. A November 30 deadline has been set in the European Union-Central America Association Agreement.

Unlike the rest of Latin America, Guatemala does not have a competition law.

Under the association agreement, member states agreed to adopt or maintain complete competition laws in order to effectively deal with anticompetitive practices. They also agreed to have a competition authority.

Source: Mondaq