Cooperation agreement between the German-Iranian Chamber of Industry and Commerce and the Tehran Printing and Packaging Union
27.02.2024
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12.03.2024Germany's new policy towards large technology companies
Germany is asking tech giants Alphabet, Amazon, Apple, ByteDance, Meta, and Microsoft to contribute to the costs of complying with the new EU rules, aiming to “limit their power,” according to Reuters.
According to Reuters, Sven Giegold, state secretary in charge of competition policy at Germany’s economy ministry, said tech giants’ contribution would help EU antitrust regulators better enforce the Digital Markets Act (DMA) which the six companies have to comply with on March 7.
The landmark rules set out a list of requirements for the six companies, such as allowing rival services to inter-operate with their services, as well as letting business users promote their offer and conclude contracts with their customers outside their platforms.
The six companies are prohibited from unfairly ranking their own services and products above their rivals on their platforms or preventing users from un-installing any pre-installed software or app on their devices. Also under the law, 20 very large online platforms, including Meta, Google, Apple, TikTok, as well as two very large online search engines, will have to pay a regulatory fee: 0.05 percent of their annual net revenue worldwide, according to Giegold.
