Colombia: Government stands behind Superintendence against sugar sector’s attacks
Colombia’s Trade Minister, Cecilia Alvarez-Correa, declared the government’s support for the Industry and Trade Superintendence’s decision to set a series of massive fines on 12 sugar producers. The Minister added that the government fully trusts the regulator’s criteria and respects its independence, noting that “there is no doubt, that the motivation behind their every action is to protect consumers by guaranteeing free competition.”
The affected sugar producers have loudly complained about the apparently exaggerated amount of the fines, which they may well argue in court. The SIC, said the Minister, will have to study and analyse the legal implications.
Commenting on the open letter sent by the sugar industry, the Minister further said that “administrative procedures cannot be revised or adjusted through meetings or correspondence with the President. No one, no matter who they are, is above the law.
Source: El Tiempo
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Canadian Breadmakers Settle Price-Fixing Lawsuit
Jul 25, 2024 by
CPI
EssilorLuxottica Open to Meta as Shareholder, Says CEO Francesco Milleri
Jul 25, 2024 by
CPI
California Supreme Court Upholds Proposition 22, Securing Independent Contractor Status for Uber and Lyft Drivers
Jul 25, 2024 by
CPI
Paramount Global Investor Sues to Block Skydance Media Merger
Jul 25, 2024 by
CPI
Software Vendors Win Class Action Status in Antitrust Case Against CDK Global
Jul 25, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – International Trade & Antitrust
Jul 26, 2024 by
CPI
What is Wrong with the WTO Discipline on Subsidies?
Jul 26, 2024 by
CPI
The Abiding Tension Between Trade Remedy Law and Antitrust
Jul 26, 2024 by
CPI
Trade and Antitrust: An End to Isolationism
Jul 26, 2024 by
CPI
International Trade Law and Domestic Regulation of Generative Artificial Intelligence: Divergent Approaches?
Jul 26, 2024 by
CPI