Spanish competition regulator CNMC has published a report on the Royal Decree Project (PRD) which regulates the manufacture, presentation and sale of tobacco and all related products.
In general terms, the CNMC has criticised the decree for lacking a wide, comprehensive analysis of the totality of public policy currently applicable to the tobacco sector (including tax policy, supply and demand measurements, information campaigns, etc.). The situation is worsened by the fragmentation found in the various agencies in charge of enforcing these norms.
The report goes on to recommend that the government evaluate the procedures for authorizing laboratories involved in verifying and carrying out quality control duties, with due regard to the principles of economic efficiency. It also recommends reinforcing non-discrimination safeguards to protect foreign laboratories. The agency also advises a strengthening of safeguards to ensure the independence of the studies demanded of manufacturers and import businesses. Finally, the agency recommends a reevaluation of the restrictions on the promotion and advertising of tobacco products, which help maintain the status quo and represent a significant barrier for new competitors.
Full content: CNMC
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Subscribers Defend $4.7 Billion Antitrust Verdict Against NFL in Court Filings
Jul 19, 2024 by
CPI
Von der Leyen Calls for Competition Policy to Boost EU Companies’ Growth
Jul 19, 2024 by
CPI
Vermont AG Sues Pharmacy Benefit Managers Over Drug Prices
Jul 18, 2024 by
CPI
Australians Face Increased Stamp Prices Following ACCC Approval
Jul 18, 2024 by
CPI
Live Nation Seeks Dismissal of DOJ Antitrust Allegations
Jul 18, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Private Equity Roll-Up Schemes
Jun 28, 2024 by
CPI
The FTC’s Focus on Private Equity is Warranted
Jun 28, 2024 by
CPI
Unraveling the Roll-Up: Private Equity’s Misunderstood Investment Strategy
Jun 28, 2024 by
CPI
Antitrust Focus on Private Equity Funds and Serial Acquisitions
Jun 28, 2024 by
CPI
Private Equity Roll-Ups Amidst Heightened Antitrust Enforcement
Jun 28, 2024 by
CPI