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In the United States there is often talk of technological competition with the China and investments of Chinese companies in the United States. Does the same thing also apply to Europe?
Well, recently we have equipped ourselves with two new tools. One is FDI screening to see if investors are arriving with the right intentions: doing business and making money, which is good, or if there is a risk of public order or security being undermined. The second is a tool for examining foreign subsidies. For example, if there is a public tender for a bridge, foreign companies are unable to submit attractive offers because they obtain low-cost financing or grants. [Il regolamento, che dovrebbe entrare in vigore l’anno prossimo, si applica anche alle fusioni e alle acquisizioni nell’Ue, nda].
The Digital services act (Dsa) and the Digital markets act (Dma), two EU laws that aim to regulate online spaces and promote competition, will come into force within the next two years. What will this mean for ordinary users?
With the DSA the internet should become a safer and more physical-like place: Your rights as a consumer will be protected, you will know that there is someone to turn to if what you buy is faulty and what is illegal is eliminated. The Digital Markets Act represents a push for innovation in the market, so that smaller companies can really do it. It will also provide insight into the acquisitions of smaller companies by big techs […].
These new laws will give you ample power to investigate companies and their actions. What kind of power will you have when it comes to law enforcement?
The application capacity building process is still ongoing. Brussels will be the sole executive authority, but we will coordinate very closely with member states. We could form joint investigation teams. National competition authorities may also apply rules that are not part of the DMA.
The latest EU regulation on big tech, the Gdpr, was criticized because it doesn’t protect people as hoped.
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