Acodeco met with Capac, Convivienda and the Chamber of Commerce discussed the amendments to Law 45

To present the draft amendments to Law 45 of October 31, 2007, especially the articles that affect the construction and housing sector, the Authority for Consumer Protection and Defense of Competition (Acodeco) met today, with representatives of the Panamanian Chamber of Construction (Capac), the National Council of Housing Promoters (Convivienda) and the Chamber of Commerce, Industries and Agriculture of Panama.

In these meetings, chaired by the administrator of Acodeco, Jorge Quintero Quirós, each of the proposals of this institution were explained and expanded, to update Law 45, as well as receive comments from these unions.

Acodeco promotes modifications to Law 45 of 2007, which dictates regulations for consumer protection and defense of competition, through a draft project submitted to the Ministry of Commerce and Industries (MICI).

This law needs to be updated due to several changes and the new needs of consumers, which implies, among other aspects: technological modernization in procedures, streamlining administrative processes, reinforcing self-management capacity with the execution of programs aimed at promotion, dissemination and training on free competition and consumer protection, among others.

In the modifications, Acodeco seeks to protect the real estate investment of consumers, since it is one of the activities that presents the greatest number of complaints and this would be achieved with the creation of control mechanisms that guarantee the consumer the recovery of the amounts paid. .

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