On February 12th, the Organization for Economic Co-operation and Development (OECD) approved Costa Rica into the OECD Competition Committee, as a result of the country's competition policies assessment, and due to the accomplishment of the recommendations regarding the standards in this subject.
The strengthening of the legal and institutional framework of the Commission for Promoting Competition (Coprocom) and the Telecommunications Superintendency (SUTEL), through the approval of the Law for the Strengthening of Competition Authorities in Costa Rica, was the main recommendation on competition policies, and it allowed consumers to acquire a greater variety of goods and services with better quality, at better prices.
Costa Rica has completed 19 out of 22 evaluations to become an OECD member. This organization works in the promotion and development of public policies to improve economic and social welfare of citizens around the world.
If you have any questions or concerns regarding this update, or advice on competition matters, please contact our experts Andrey Dorado or Tracy Varela, or call (+506) 4036 - 2800.