INDECOPI

INDECOPI, the Instituto Nacional de Defensa de la Competencia y de la Protección de la Propiedad Intelectual (National Institute for the Defense of Competition and Protection of Intellectual Property), is the Peruvian government agency responsible for promoting competition, protecting consumer rights, and safeguarding intellectual property rights in Peru.

Established in 1992, INDECOPI operates as an autonomous body with administrative, economic, and technical independence. Its core functions are divided across several specialized chambers and directorates.

Key Functions:

• Defense of Competition: INDECOPI works to prevent and sanction anticompetitive practices, such as monopolies, cartels, and abuse of dominant positions. It aims to ensure a level playing field for businesses and promote fair competition in the market.

• Consumer Protection: INDECOPI enforces consumer protection laws, handling complaints related to misleading advertising, defective products, and unfair trade practices. It aims to ensure that consumers are informed, protected, and have access to redress mechanisms.

• Intellectual Property Protection: INDECOPI is responsible for registering and enforcing intellectual property rights, including trademarks, patents, copyrights, and geographical indications. It combats counterfeiting and piracy, promoting innovation and creativity by protecting the rights of creators and inventors.

Organization:

INDECOPI is governed by a Board of Directors. Its operational structure includes various specialized chambers and directorates, each focusing on specific areas of its mandate. These chambers include the Competition Chamber, Consumer Protection Chamber, and Intellectual Property Chamber, among others.

Importance:

INDECOPI plays a crucial role in the Peruvian economy by fostering a competitive business environment, safeguarding consumer interests, and protecting intellectual property rights. Its activities contribute to economic growth, innovation, and consumer welfare.