EU and US pitch ‘policy dialogue’ for Big Tech crackdown – POLITICO

The EU and the U.S. wish to set up a “structured policy dialogue” to handle transatlantic efforts to rein out there dominance of Big Tech firms, based on a remaining model of the EU-U.S. Trade and Technology Council (TTC) assertion, obtained by POLITICO.

The second TTC assembly takes place on Sunday and Monday on the outskirts of Paris, with the agenda set to be dominated by Russia’s navy aggression in Ukraine. There may also be a sequence of commitments throughout 10 “working groups” that can lay out widespread coverage approaches.

One group targeted on knowledge governance and know-how platforms, proposes a transatlantic discussion board for exchanging dialogue on competitors in digital markets.

“The aim is to establish a structured policy dialogue dedicated to key emerging issues in platform governance, including competition in digital markets, in order to find common ground on the scope of the challenges, to seek greater consistency where feasible in policy and regulatory approaches and to coordinate on enforcement (including on the contestability and fairness of the online platform economy),” the doc states.

The new commitments come after the EU and the U.S. arrange a Joint Technology Competition Policy Dialogue (TCPD) in June 2021, targeted on collaborating throughout competitors coverage and enforcement within the know-how sector.

The EU lately adopted its landmark Digital Markets Act, which establishes a broad sequence of dos and don’ts for Big Tech giants.

The U.S. is advancing its personal laws to crackdown on abusive practices within the platform economic system. This contains efforts to outlaw abusive self-preferencing actions as a part of the American Innovation and Choice Online invoice, and the prohibition of anti-competitive actions on app shops as a part of the Open App Markets Act.

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