The National Commission for the Defense of Competition (Procompetencia) has an ongoing process to identify the gaps or legal vacuums contained in the General Law for the Defense of Competition No. 42-08.
The objective is to draw up a reform of the law that allows companies and end users to enter the digital market under fair conditions compared to the large international technology companies, according to the general director of Procompetencia, María Elena Vásquez Taveras, who participated in the Despierta con CDN program. , in which he revealed that they are currently developing a process to identify good practices, with the support of the United States Agency for International Development (Usaid), to prepare a bill for the defense of competition that is in accordance with the new time.
In response to the question of how the digital economy and electronic commerce of large technology companies affect the competitiveness of national entities, Vásquez Taveras pointed out that this is one of the great concerns of all competition agencies and international organizations that have to see with the theme.
He argued that this concern is due to the fact that most of the legislation in the countries of the region is not adapted to address the issue of digital markets. However, he specified that the European experience has assumed the classic competition laws and with them they have been able to sanction companies such as Google, Amazon, Microsoft, among others.
“But it’s not enough. We have been able to see the experience of Europe to take it as a parameter but, definitely, we must modify our regulations in order to be able to address the digital market, which is a reality and tends to concentration”, added the official.
