COMPETITION POLICIES/LAWS
Policy Goals

Chile's government regards the main objective of the competition law to be the promotion of economic efficiency, with the aim of maximising consumer welfare in the long run. The law does not state this goal, though, nor indeed other. The economic efficiency goal represents a shift from the early years of Chile's competition policy, which stressed the importance of economic freedom and the goal of preventing restrictions on firms' autonomy. The Competition Act does not specify a particular objective. Article 1 states that the purpose of the law is "to promote and defend free market competition."

Competition Act text, available in Spanish and English at http://www.fne.cl/?content=marco_juridico
(*) Full English version of amended law will be posted at FNE's Webpage soon.

Other related legislation, available (only in Spanish), at http://www.fne.cl/?content=otras_leyes