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EU and US launch ‘political dialogue’ for Big Tech crackdown – POLITICO

The EU and US want to establish a “structured political dialogue” to address transatlantic efforts to curb the market dominance of Big Tech companies, according to a final version of the statement from the Trade and Technology Council ( TTC) EU-US, obtained by POLITICS.

The second meeting of the TTC takes place Sunday and Monday in the suburbs of Paris, with an agenda dominated by Russian military aggression in Ukraine. There will also be a series of engagements in 10 “working groups” which will define common policy approaches.

A group focused on data governance and technology platforms, offers a transatlantic forum to exchange dialogue on competition in digital markets.

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

The new commitments come after the EU and US established a Joint Technology Competition Policy Dialogue (TCPD) in June 2021, focused on collaboration on competition policy and enforcement in the technology sector.

The EU recently passed its landmark Digital Markets Act, which lays out a wide range of do’s and don’ts for Big Tech giants.

The United States is proposing its own legislation to crack down on abusive practices in the platform economy. This includes efforts to ban abusive self-preference activities under the U.S. Innovation and Choice Online Bill, and banning anti-competitive actions on app stores under Open App Markets. Act.