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New Caledonian consumer-goods probe concludes, competition watchdog makes 18 recommendations

( January 11, 2021, 05:45 GMT | Official Statement) -- MLex Summary: New Caledonia's consumer-goods market is hampered by protectionist measures, which support monopolies and duopolies, the country's competition regulator has said. In a statement today, L'Autorité de la concurrence de la Nouvelle-Calédonie emphasized the inevitability of high prices in New Caledonia due to geographic and demographic factors, worsened by a lack of competition caused in part by existing market regulation.  The full statement from the New Caledonian competition authority follows in French; a summary of the opinion is attached below....

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