DAVOS, Switzerland (Reuters) – Colombia’s President Ivan Duque said technology companies were welcome in his country, but they had to operate on a level playing field with local firms.
Colombia’s President Ivan Duque gestures as he speaks during a session at the 50th World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 22, 2020. REUTERS/Denis Balibouse
“It’s smart regulation to level the field and to … not … have unfair competition among parties,” he told Reuters at the annual meeting of the World Economic Forum.
Duque’s comments follow a court order late last year against ride-hailing company Uber Technologies Inc. The Andean country has ordered Uber to cease operations after a judge said it violated competition rules.
Uber said it will stop operating in Colombia at the end of January, but has called the legal ruling “arbitrary” and a violation of its right to due process. It has also said it will use all legal avenues to defend the rights of…
Source Reuters Tech News