Mexico's Antitrust Regulator Accuses Amazon and Mercado Libre of Anticompetitive Behavior

Introduction:

Mexico's antitrust regulator, the Federal Economic Competition Commission (COFECE), has accused Amazon and Mercado Libre, two major e-commerce giants in the country, of engaging in anticompetitive behavior. These companies hold a staggering 85% of the e-commerce sales in Mexico, putting them in a position to create barriers that limit market entry for new competitors and stifle the growth of smaller players.