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 newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags governmentinternetlegislatione-commerceInternet-based applications and services

Featured

Slideshows

Meet the leading female front runners of the Kiwi channel

Meet the leading female front runners of the Kiwi channel

Reseller News honoured the leading female front runners of the New Zealand channel at the 2018 Women in ICT Awards (WIICTA) in Auckland. The awards honoured standout individuals across seven categories, spanning Entrepreneur; Innovation; Rising Star; Shining Star; Community; Technical and Achievement.

Meet the leading female front runners of the Kiwi channel
Meet the top performing customer-centric Microsoft channel partners

Meet the top performing customer-centric Microsoft channel partners

Microsoft honoured leading partners across the channel following a year of customer innovation and market growth in New Zealand. The 2018 Microsoft Partner Awards recognised excellence within the context of the end-user, spanning a host of emerging and established providers.

Meet the top performing customer-centric Microsoft channel partners
Reseller News launches new-look Awards at 2018 Judges’ Lunch

Reseller News launches new-look Awards at 2018 Judges’ Lunch

Introducing the Reseller News Innovation Awards, launched to the channel at the 2018 Judges’ Lunch in Auckland. With more than 70 judges now part of the voting panel, the new-look awards will reflect the changing dynamics of the channel, recognising excellence across customer value and innovation - spanning start-ups, partners, distributors and vendors.

Reseller News launches new-look Awards at 2018 Judges’ Lunch
Show Comments