Categories: Economy

The European Union and Amazon have agreed

The European Union and Amazon have agreed

The EU Commission announced that the competition investigations against Amazon were closed after the company made legally binding commitments.

Addressing concerns about data use, the statement says that Amazon has committed not to use implicit data related to or generated from the activities of independent sellers on its marketplace.

from Amazon; In the statement, which underlines the commitment to treat all sellers equally and to display a second offer in this area, in the platform’s “Buy Box” option, known as the “buy now and add to cart” button, Amazon will allow sellers to choose other delivery companies instead of their own services.

In the statement, it was indicated that the EU Commission could impose a fine of up to 10 percent of its total turnover to Amazon if it violates these commitments.

In 2020, the EU accused Amazon of using sensitive data from independent sellers on its platform to benefit its retail sales.

The EU Commission has the authority to inspect companies operating in EU countries if there is an anti-competitive situation in their sectors. The Commission is evaluating whether there is any anti-competitive situation in the investigations in question. If situations that harm competition are detected, the EU Commission puts an end to this situation and imposes high fines on companies. (AA)

Source: Sozcu

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