Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Peru, Colombia, Ecuador and Bolivia denounce decision on Amazon domain

Published 26/05/2019, 23:23
Updated 26/05/2019, 23:25
© Reuters. FILE PHOTO: The logo of Amazon is seen at the company logistics centre in Boves

LIMA (Reuters) - The presidents of Peru, Colombia, Ecuador and Bolivia criticized a recent decision by the organisation that manages internet protocol to grant global retailer Amazon Inc the rights to the .amazon domain.

Amazon Inc has been seeking the exclusive rights to the .amazon domain name since 2012. But Amazon basin countries - including Peru, Colombia, Ecuador and Bolivia - have argued it refers to their geographic region and should not be the monopoly of one company.

The four leaders - Peru's Martin Vizcarra, Colombia's Ivan Duque, Ecuador's Lenin Moreno and Bolivia's Evo Morales - vowed to join forces to protect their countries from what they described as inadequate governance of the internet.

Last week, the global Internet Corporation for Assigned Names and Numbers (ICANN), which oversees internet addresses, said it decided to proceed with the designation requested by Amazon Inc pending a 30-day period of public comment.

The decision sets "a grave precedent by prioritising private commercial interests above the considerations of state public policies, the rights on indigenous people and the preservation of the Amazon," Vizcarra, Duque, Moreno and Morales said in a joint statement on Sunday after a gathering in Lima of the Andean Community regional bloc.

They added that Latin American and Caribbean countries agreed in 2013 to reject any attempt to appropriate the Amazon name or any other name that refers to geography, history, culture or nature without the consent of countries in the region.

Brazil, home to the largest swath of the Amazon forest, has also lamented ICANN's decision.

Amazon.com (NASDAQ:AMZN) did not immediately respond to requests for comment outside regular working hours.

© Reuters. FILE PHOTO: The logo of Amazon is seen at the company logistics centre in Boves

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.