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Many .CO domain name registrants claim that they are concerned that Google will regard the .co domain name as a regional domain name in Colombia rather than an international domain name. This assumption would hold true if it were based on the rule that a country's region code is the single most important factor when Google determines who created the content.
According to a post on PCPRo.co.uk, a popular computer website, Google has confirmed that it will treat .co as an international domain name.
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Although .co is still classified as a regional domain name in Colombia, a Google spokesperson said this will change in the near future. "If the content of the site is globally targeted, then we will give the .co domain an appropriate ranking. Webmasters will also have the ability to set this in the near future using the geo option in Google Webmaster Tools. ”
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This will bring a huge boost to the .co domain name, because this has been the most common argument against registering .co domain names in the past few weeks.