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Competition Protection

The Superintendence of Industry and Commerce aims for the efficiency of markets and  free competition of agents in the economy.


The Deputy Superintendence for Competition Protection is responsible for:
-Conduct the analysis of mergers and other commercial transactions among enterprises
- Ensure compliance with the current competition laws
- Held investigations related to competition issues requested by a third party or by the own agency´s initiative related to competition regime violations 
- Implement Leniency Programs to those agents involved in cartelization practices
-Within the framework of its competition advocacy functions, has the power to render prior concept on the projects of state 

Legal Framework

Free competition is a right of collective interest enshrined in the Political Constitution of Colombia in article 88 and article 333, which aims to protect the welfare of consumers, the free participation of companies in the market and economic efficiency, through both preventive and corrective actions.

The Superintendence of Industry and Commerce is the National Authority for the Protection of Competition, designated by Law 1340 of 2009, which empowers it to exclusively carry out administrative investigations, impose fines and make administrative decisions on actions that go against the free economic competition in Colombia. It also performs important preventive functions through competition advocacy and prior control of business integrations.

Free economic competition in Colombia is based on a series of norms that constitute the regime of protection of free economic competition. Which is made up of articles 88 and 333 of the national Constitution, Law 155 of 1959 and Law 1340 of 2009. Decree 2153 of 1992, Decree 2897 of 2010, Decree 4886 of 2011, and Decree 1523 of 20150.
 

Deputy Superintendent for Competition Protection

Juan Pablo Herrera Saavedra 

Economist with a Master’s Degree in Economic Sciences emphasized in Economic Theory and Policy from Universidad Nacional of Colombia. Since 2008, he has been providing his expertise to the Superintendence of Industry and Commerce (SIC). First as an advisor of the Superintendent’s Office, then as Head of Economic Affairs and Acting Chief of the Planning Advisory Office, and recently as Deputy Superintendent for Competition Protection.

 

Mail: jpherrera@sic.gov.co 

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