Menu
Simplified law may boost online sales in the EU

Simplified law may boost online sales in the EU

New EU law will make cross-border sales cheaper and easier

Online businesses should gain easier access to the European Union's 507 million consumers thanks to a new law passed by the European Parliament on Wednesday.

The so-called European Sales Law was approved by 416 votes to 159 (with 65 abstentions). The law allows businesses selling or offering services across internal E.U. borders to opt for a single type of sales agreement no matter where they do business.

Currently companies must comply with 28 different national sales contracts, costing an average €10,000 (US$13,741) in translation and legal fees for each additional export market. Smaller companies are expected to benefit most from the new rules.

According to European Commission figures, €26 billion in intra-E.U. trade is lost every year that traders are dissuaded from cross-border transactions due to contract law obstacles.

By ensuring a high level of consumer protection, the law will also give consumers the confidence they need to boost cross-border online shopping, according to the Commission, which proposed the idea.

The new regulation will now have to be approved by member states before it can be written into law.

Follow Jennifer on Twitter at @BrusselsGeek or email tips and comments to jennifer_baker@idg.com.

Follow Us

Join the New Zealand Reseller News newsletter!

Error: Please check your email address.

Tags Internet-based applications and servicese-commercelegislationgovernmentinternet

Featured

Slideshows

Arrow exclusively introduces Tenable Network Security to A/NZ channel

Arrow exclusively introduces Tenable Network Security to A/NZ channel

Arrow Electronics introduced Tenable Network Security to local resellers in Sydney last week, officially launching the distributor's latest security partnership across Australia and New Zealand. Representing the first direct distribution agreement locally for Tenable specifically, the deal sees Arrow deliver security solutions directly to mid-market and enterprise channel partners on both sides of the Tasman.

Arrow exclusively introduces Tenable Network Security to A/NZ channel
Examining the changing job scene in the Kiwi channel

Examining the changing job scene in the Kiwi channel

Typically, the New Year brings new opportunities for personnel within the Kiwi channel. 2017 started no differently, with a host of appointments, departures and reshuffles across vendor, distributor and reseller businesses. As a result, the job scene across New Zealand has changed - here’s a run down of who is working where in the year ahead…

Examining the changing job scene in the Kiwi channel
​What are the top 10 tech trends for New Zealand in 2017?

​What are the top 10 tech trends for New Zealand in 2017?

Digital Transformation (DX) has been a critical topic for business over the last few years and IDC is now predicting a step change as DX reaches macroeconomic levels. By 2020 a DX economy will emerge and it will become the core of what New Zealand industries focus on. From the board level through to the C-Suite, Kiwi organisations must be prepared to think and act digital when the DX economy emerges in 2017.

​What are the top 10 tech trends for New Zealand in 2017?
Show Comments