According to the Superintendency of Economic Competition (SCE), supranational regulation would guarantee a fair competition environment, strengthen user rights and promote the labour, social and economic development of member countries in the digital market.

Ecuador's Superintendency of Economic Competition (SCE) has formally requested the General Secretariat of the Andean Community to consider the creation of supranational regulations for member countries on "digital markets and services," the regulatory body reported on Monday morning, January 13.

According to the Superintendency, this initiative responds to the need for supranational Andean regulation in order to guarantee a fair competitive environment, strengthen the rights of users and promote the labor, social and economic development of member countries in the field of the digital market.

The Andean Community of Nations is made up of Peru, Colombia, Bolivia and Ecuador.

“It is important to mention that there is no supranational regulation in the digital field, which is why the SCE considers that specific regulations for the member countries of the Andean Community on digital markets and services would bring enormous benefits for economic competition in the region, such as better access and equality in the market, protection of user data, greater transparency, reduction of the digital divide, development of digital transformation and protection of Andean companies,” argued the Superintendency.

In addition, it was indicated that the issuance of a binding decision for Colombia, Peru, Ecuador and Bolivia would serve as a cross-cutting axis for these countries to strengthen their similar legislation and regulations, focused on the control of digital markets and services.