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Mexico s competition regulator fines Cancún International Airport $3 7 million

Mexico’s Federal Economic Competition Commission (Cofece) announced today that it fined Cancún International Airport 72.5 million pesos (US$3.7 million) for blocking new taxi operators, which reduced competition and effectively overcharged millions of passengers. Grupo Aeroportuario del Sureste (ASUR), the Mexican company that runs the airport at tourist hot spot Cancun, along with 15 others across Latin America, said it will challenge the ruling and the 72.5 million pesos fine. The competition regulator said that from 2010 to at least 2018, the airport gave mostly negative assessments to taxis wishing to operate at the Cancun airport, preventing them from receiving federal permits.

New law against improper advertising contracts has competition implications

Introduction After gaining fast-track approval, President López Obrador issued the Law for Transparency, Prevention and Combating Improper Practices in Advertising Contracting (the Advertising Contracting Law) in the Official Gazette on 3 June 2021. This will become effective on 2 September 2021 and will grant new powers to the Federal Economic Competition Commission (COFECE) but may fall outside the constitutional objectives of the competition authority. Application of the new law may be problematic and may disregard the competence of the Federal Telecommunications Institute (IFT). The Advertising Contracting Law, in general, provides that: Agencies may only acquire advertising spaces on behalf of and for an advertiser, and may not acquire them on their own account for subsequent resale.

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