(This summary has been automatically generated with AI, its content may differ from the original video in Spanish)
In a recent interview, Diego, Legal Advisor in the Competition Division of Indecopi—Peru’s competition authority—outlined the institution’s current priorities and recent developments in its work to promote and protect market competition.
Targeting Cartels in Essential Goods
Diego emphasized that as a competition agency in a middle-income country, Indecopi must prioritize its resources strategically. Its main focus is on identifying and prosecuting cartels, especially those affecting essential consumer goods such as food, medicine, and fuel. These products directly impact consumers’ cost of living, making them a critical focus for enforcement.
Advancing Market Studies
In addition to cartel enforcement, Indecopi has been investing significantly in market studies since 2018. Notable initiatives include:
- Studies on the credit card market in 2019 and 2021,
- A 2023 report on the fintech sector, analyzing how barriers—such as the refusal by traditional banks to provide fintechs with current or savings accounts—may limit competition,
- An ongoing study on the fuel sector, with preliminary findings published in late 2022 or early 2023.
These studies help identify structural challenges in different markets and provide guidance for regulatory improvements. The fintech study, in particular, highlighted the role of fintech companies in increasing financial inclusion, especially for people in remote areas or those traditionally excluded from the banking system.
Limited Resources, High Specialization
Diego noted that although Indecopi has grown from 13 staff members in 2009 to 61 today, resources are still limited. The market studies team currently consists of only 5–6 people, which restricts how many in-depth studies they can conduct. Expanding this team is a key goal for the agency.
When asked what he would request if he could ask for anything for the agency, Diego answered: “More resources—but above all, more qualified professionals.” He explained that competition analysis—whether for mergers, cartels, or market studies—requires a highly specialized and technical skill set, which is not always easy to find in the local job market.
Looking Ahead
With its strategic focus on cartel enforcement and data-driven market analysis, Indecopi is aligning with international best practices while adapting to Peru’s specific needs. Continued investment in personnel and expertise will be essential for the authority to strengthen its capacity and better safeguard competitive markets and consumer welfare in Peru.
