Iberia: A bright beginning
The Portuguese competition commission, launched last year as part of an effort to bring the country's business regulation into line with the standards of the European Union, has resolutely proved its worth despite notable cultural and economic constraints. Carlos Botelho Moniz looks at what its future holds
Already a business-friendly country with a successful track record of foreign investment inflow, Portugal has been undertaking reforms in order to enhance its competitiveness in a wide range of areas. Among them is market regulation. Under the new Competition Act, passed in early 2003, the Competition Authority was created with a mandate to prevent anti-competitive practices and to promote market transparency.
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