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EU countries agree on a common position on new rules for US tech giants

Brussels: On Thursday EU countries agreed on a common position on new rules to curb the power of US tech giants and force them to do more to monitor their platforms for illegal content. bottom.

But they will have to reveal the final details with the EU parliamentarians who have proposed stricter rules and higher fines.

Dissatisfied with the slow pace of antitrust investigations, EU competition chief Marguerite Vestager is known as the Digital Markets Act and Digital Services Act for Amazon, Apple, the Alphabet unit Google and Facebook. I have proposed two rule sets.

DMA has a list of recommendations and prohibitions for online gatekeepers (the companies that control access to data and platforms) and can be fined up to 10% of global sales.

The Digital Services Act (DSA) forces technology giants to do more to tackle illegal content on the platform and fines up to 6% of global sales for non-compliance.

The common position adopted by the EU countries follows the key points proposed by Vestager, but with some adjustments, the European Commission will be the main enforcer of the new rules.

Negotiations are expected to begin next year and the rules are likely to be adopted in 2023.

In a statement, Slovenia’s Minister of Economic Development and Technology Zdravko Počivalšek said, “The proposed DMA shows our willingness and ambition to regulate Big Tech and hopes to set a global trend. I am. “

Changes agreed by EU countries include new obligations to technology companies to strengthen end users’ right to withdraw from core platform services, shorten deadlines, and improve criteria for appointing gatekeepers. increase.

Luxembourg, headquartered in Europe by Amazon, welcomed the agreement to designate national oversight bodies as the primary DSA executors for home-based companies.

“Luxenburg is pleased that the country in which the intermediary has been established remains responsible for the enforcement of the DSA’s harmonious rules, especially thanks to its close cooperation with other member states and committees. A very big player. “

Disclaimer: This post has been auto-published from the agency feed without modification of the text and has not been reviewed by the editor.

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EU countries agree on a common position on new rules for US tech giants

Source link EU countries agree on a common position on new rules for US tech giants

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