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Competition Law and Policy
Recognizing the benefits of a competition law and policy, the Government of Honduras has engaged in significant efforts to adopt a competition law. Substantial initial efforts began in 2001, with renewed interest and activity in 2003. Since the end of 2003, momentum has increased significantly. The well-publicized anticompetitive practices in the cement sector during the past year, combined with pressures created by CAFTA preparations and related internal and external concern about the lack of a competition law, have all driven forward the process of adopting a competition law. In September 2004, a draft competition law was “officiated” and submitted to the Economics Committee of the Legislative Assembly. It is anticipated that this draft law will be voted on before the end of 2004.
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