Coca Cola Distributor Fined For Monopolistic Behavior

June 25, 2004

THE Competition Promotion Officeof the Economy, Industry and CommerceMinistry (MEIC) has fined EmbotelladoraPanam-Tica, the national distributor ofCoca Cola brand soft drinks, ¢68 million($156,000) for applying monopolistic andanti-competitive tactics that may havehurt sales of competing brands of beverages,according to a MEIC statement.PepsiCo Inc., Pepsi-ColaInteramericana de Guatemala and PepsiCola Manufacturing Company ofUruguay S.R.L filed the complaint inMay 2001 against the Coca ColaCompany and Embotelladora Panam-Tica. Smaller beverage firms, includingRefrescos La Mundial and Sirope la Flor,later joined the complaint.The Competition Promotion Officefound Coca Cola guilty of price fixingand monopolistic behavior.The company was ordered to stopsigning exclusivity contracts with retailers,which limit free competition.Coca Cola was sanctioned for requiringthat retailers use the refrigerator unitit loans them exclusively for Coca Colaproducts. In the case of small stores, thispolicy excludes competitors from beingable to sell their goods, MEIC said.The Competition Promotion Office’sTechnical Support Unit will monitor CocaCola’s compliance to the ruling during thenext year. Coca Cola has two months toappeal the ruling.

You may be interested

PHOTOS: International Museum Day in Costa Rica
Arts & Culture
32 views
Arts & Culture
32 views

PHOTOS: International Museum Day in Costa Rica

Mitzi Stark - May 21, 2018

May 18 is International Museum Day, and Costa Rica celebrated with 31 mini-museums all in one at the Casa del…

Costa Rica, Panama refuse to acknowledge Venezuelan election results
Latin America
53 views
Latin America
53 views

Costa Rica, Panama refuse to acknowledge Venezuelan election results

AFP - May 21, 2018

Costa Rica and Panama were two of 14 countries in the Americas to announce they would not acknowledge the results…

5 questions for US painter Suzahn King
Weekend Arts Spotlight
153 views
Weekend Arts Spotlight
153 views

5 questions for US painter Suzahn King

Elizabeth Lang - May 20, 2018

Suzahn King's paintings, known for their intricate details, are currently focused on her surroundings in Costa Rica, a country she…