Mexico's Antitrust Watchdog Decides Against Corrective Measures for Amazon and Mercado Libre

Core Insights - Mexico's antitrust watchdog Cofece found that Amazon and Mercado Libre create barriers to competition for sellers but will not impose corrective measures [1][4] - The two companies account for 85% of total eCommerce sales in Mexico [2] - Cofece's preliminary report suggested that corrective measures should be taken to ensure competition in the eCommerce market [3] Company Impact - Cofece ruled that Amazon and Mercado Libre harm competition by not providing sufficient information to sellers and favoring those using their logistics services [4] - Amazon Mexico expressed satisfaction with Cofece's decision, highlighting the competitiveness of the retail sector in Mexico [5] - Mercado Libre reported that over 1 million Mexican entrepreneurs and SMBs utilize its platform for business growth and financial solutions [5] Economic Contribution - Mercado Libre's eCommerce and financial ecosystem contributed approximately 0.81% to Mexico's GDP in 2024, with SMBs on its platform generating over $15 billion in economic activity [6] - The company aims to build local solutions addressing logistics, payments, and credit to support SMBs in the digital economy [7] - Data indicates that Mercado Libre's ecosystem enhances economic activity, job creation, and financial inclusion in Mexico [7]