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EU countries agree on common stance on new rules for U.S. tech giants

BRUSSELS, Nov 25 (Reuters) – EU countries on Thursday agreed on a common place on new rules to curb the ability of U.S. tech giants and drive them to do extra to police their platforms for unlawful content material.

However, they must iron out the ultimate particulars with EU lawmakers, who’ve proposed more durable rules and better fines.

Frustrated by the gradual tempo of antitrust investigations, EU competitors chief Margrethe Vestager has proposed two units of rules often known as the Digital Markets Act and the Digital Services Act concentrating on Amazon (AMZN.O), Apple (AAPL.O), Alphabet (GOOGL.O) unit Google and Facebook (FB.O).

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The DMA has an inventory of dos and don’ts for on-line gatekeepers – corporations that management information and entry to their platforms – bolstered by fines of as much as 10% of worldwide turnover.

The Digital Services Act (DSA) forces the tech giants to do extra to sort out unlawful content material on their platforms, with fines of as much as 6% of worldwide turnover for non-compliance.

The common place adopted by EU countries follows the details proposed by Vestager, with some tweaks, with the European Commission as the principle enforcer of the new rules regardless of an preliminary French proposal to provide nationwide watchdogs extra energy.

Negotiations are anticipated to start out subsequent yr, with the rules prone to be adopted in 2023.

“The proposed DMA shows our willingness and ambition to regulate big tech and will hopefully set a trend worldwide,” Zdravko Počivalšek, Slovenian Minister for Economic Development and Technology, mentioned in a press release.

The modifications agreed by the EU countries embrace a new obligation on tech corporations that enhances the best of finish customers to unsubscribe from core platform providers and shortens the deadlines and improves the standards for designating gatekeepers.

Luxembourg, the place Amazon has its European headquarters, welcomed the settlement which designates nationwide watchdogs because the lead DSA enforcer for corporations based mostly of their countries.

“Luxembourg is pleased that in general the country in which the intermediary is established remains responsible for the enforcement of the harmonised rules of the DSA, in particular thanks to closer cooperation with the other Member States and the Commission – apart from when it comes to the very big players,” it mentioned in a press release.

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Reporting by Foo Yun Chee; Editing by Angus MacSwan

An Apple logo is pictured in an Apple store in Paris, France September 17, 2021. REUTERS/Gonzalo Fuentes

European flags are diplayed at the European Parliament in Strasbourg, France November 24, 2021.  Julien Warnand/Pool via REUTERS

The logo of Amazon is seen at the company logistics centre in Boves, France, October 6, 2021 REUTERS/Pascal Rossignol

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