Representatives of the leading political parties of the European Parliament reached an agreement on the restriction of anti-competitive practices of technological companies in a digital economy. About the decision is reported by Financial Times.
New rules of activity will affect major technological companies whose market capitalization is at least 80 billion euros (91 billion dollars). Including new measures will hit Alphabet Google, Amazon, Apple, Facebook and Microsoft, as well as on the Chinese Alibaba Group Chinese Holding and the Netherlands Booking.
EU plans to implement a law on digital markets (DMA) in 2022. The project was proposed by the head of the EU antimonopoly legislation Margret Vestier in 2020. The rules are aimed at limiting monopolies of large technological companies using a list of pervolored and unauthorized practices. The US government expressed concern that the new rules may adversely affect the income of American companies.
The law will also give national antimonopoly authorities the opportunity to carefully check the acquisition by large players smaller competitors. The achieved agreement on the rule package will allow EU legislators to vote for him next week. After that, the measures should be agreed with the EU countries before they acquire the legislation.
Earlier in 2021, new restrictions on anti-competitive practices for their technological companies introduced China. At the same time, the government promised to continue to introduce new measures to curb the monopolistic behavior of technological.