The European Union plans to investigate whether there is anti-competitive behavior among e-commerce sites across the 28-nation bloc.
The investigation, which will last more than a year, will examine a number of online retailers and websites, including giants like Amazon, which accounts for a large chunk of Europe’s e-commerce.
Margrethe Vestager, the European Commission antitrust chief, says she wants to investigate why cross-border purchases make up only 15 percent of the EU’s online sales.
Ricardo Cardoso, a spokesperson with the European Commission, says the investigation is aimed at a broader goal. “There is an overarching ambition of the commission to make sure that we have a single market in online in general,” says Cardoso.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.