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EU Will Introduce New Rules to Curb the Market Influence of Google and Apple

Released on: 2018-03-16 瀏覽:274次

French Minister of Economy Bruno Le Maire announced on March 14 that France will sue Google and Apple Inc. for "abuse of business practices to French startup companies." Le Maire said on the same day that the French government is preparing to file a lawsuit against the two companies in the Paris Commercial Court, accusing them of violating trading operations because it imposed contract terms on French startups and software developers. It is reported that the French General Administration of Competition, Consumption and Anti-Fraud will represent the French Ministry of Economic Affairs to initiate a lawsuit and demand that the two companies stop their practices and impose a fine of 2 million euros. Analysts pointed out that the position of the French Minister of Economy coincided with the United States levying high tariffs on EU steel and aluminum products, which may increase the risk of trade wars between Europe and the United States. In addition, Reuters reported that the European Commission is drafting a new regulation that specifically targets Internet platforms such as e-commerce sites, app stores, and search engines. The new rules require these companies to increase the transparency of search results rankings and reasons for shelving certain services. The new regulations seek to address the potentially harmful trading practices of online platforms and the lack of effective remedial mechanisms for small businesses that use online platforms to reach consumers."Internet intermediary services may have strong bargaining power for their corporate clients, allowing them to act unilaterally and be able to harm the companies that use them," said the regulatory guidelines that Reuters sees. Technology companies face strong regulatory pressures from the EU, including the processing of massive user data, tax credits, and the proliferation of extremist content on social media. It is expected that the new regulations will be issued in April and will need to be ratified by governments and the European Parliament afterwards.