Economy January 26, 2017 - 10:35 am

Biggest brewery has a monopoly, antitrust complaint says

Dominican Republic.- Veteran politico andlawyer Guido Gómez Mazara on Thursday submitted an antitrust complaint before thecompetition defense agency (Procompetencia), accusing the Dominican NationalBrewery (CND) of violating the law against unfair market practices.

Mazara’s complaint accuses the CND -maker of the leading beer Presidente- of violatingarticle 50 of the Constitution, which bars monopolies, and Articles 64 and 65of the Competition Defense Law 42-08.

"On August 2016, Procompetencia conducteda study on competitiveness post-merger CND and AmBeV, which in its viewdemonstrated the generation of ‘high levels of monopoly’ in the beer market inthe Dominican Republic," the complaint says.

He said AmBeV as an economic agent that tookover the brewery had a "collusive conduct" whose result was the risein price, the restriction of production and the increase of company profits.

He said the National Brewery’s monopoly isevidenced from the control of 98% of the beer market, including the 1% imported,,"facilitating an increase in the price of the product to the detriment ofthe consumer."

In the request dated Nov. 2, 2016, Gómez callson the regulatory agency, headed by Yolanda Martínez, to adopt precautionarymeasures including a "Cease and Desist Order to halt the alleged harm tocompetition or to the determined economic agents."

COVID-19

May 17, 2024 - 9:22 am

CEMDOE expands services, reinforcing commitment to quality and safety in healthcare

May 16, 2024 - 8:43 am

WHO greenlights Japanese vaccine for Dengue prevention

May 14, 2024 - 10:25 am

Médico Express and Caribbean Health TPA foster medical tourism

May 13, 2024 - 9:34 am

Residents protest thermoelectric vessels in Azua

MOST READ

Local

President Abinader explores semiconductor industry potential with World Bank president

Economy

The 2024 Great Bazaar of Entrepreneurs to elevate business in the Dominican Republic

Local

After complaints from residents, the SDE Mayor’s Office carries out a cleaning and waste collection day

Economy

CNUS president pushes for monotributo system in the Dominican Republic

MORE NEWS

Tourism

US$25 million Palm Beach Residences project in Cap Cana

Local

Migration Directorate allows reuse of uploaded documents

Local

Santo Domingo Colonial City Program addresses flood risks

Local

Alcohol sales ban begins 24 Hours before Election day