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Gagliuffi Piercechi, I. (2017). Competition Policy in Peru. Saber Servir: Journal of the National School of Public Administration, (1), 55–79. https://doi.org/10.54774/ss.2017.01.05
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Abstract
This document sets out the regulatory framework, functions, tools, and challenges of free competition policy in Peru, which is overseen by INDECOPI. Free competition is defined as the rivalry between economic agents to gain market share under conditions of free supply and demand; its benefits include lower prices, higher quality, and greater variety for consumers, as well as the stimulation of economic growth.
The main distortions affecting this process are cartels or collusive agreements—considered the most harmful—abuse of dominant position, and artificial barriers to market entry. INDECOPI performs a dual role: as an enforcement body, through regulations such as Legislative Decree No. 1034 and its amendments, and as a promoter, to foster competitive environments.
To carry out its mandate, it uses tools such as price monitoring, receipt of complaints, inspection visits, leniency programs, and a digital forensic laboratory. In addition, it engages in competition advocacy, issuing recommendations to improve regulatory frameworks in sectors such as notarial services, public transport, and healthcare.
The presentation also outlines the pending agenda: consolidating leniency programs, strengthening technological capabilities, reducing decision‑making timelines, promoting compliance programs, and issuing clear guidelines. Finally, it includes contributions from experts, who point out additional challenges such as the decentralization of activities, broader dissemination of a competition culture within the public sector, control of business concentrations, and adaptation to new economic models such as the collaborative economy.
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