Colombia: Competition Office and the President of Colombia ratify their commitment to free competition and free enterprise

Location Colombia. Red pin on the map.

The Superintendence of Industry and Commerce (SIC in Spanish) turned 50 years.  As part of the celebration, the Office ratified its commitment to consumer protection, free enterprise and free competition.

The Superintendent of Industry and Commerce made reference to the intention of encouraging the constant struggle to sanction key economic, political and other formal and informal market players that do not contribute to equality, and that defraud and violate the law.  The President of Colombia, Iván Duque Márquez, also mentioned a strong stance against corrupt officials, where applying the highest possible pecuniary sanctions in the country is worthwhile.

Original Source in Spanish: