The European Union has unveiled a strategy to unify the continent’s digital sector and help its technology companies compete with the dominant US firms. It will also open an antitrust inquiry into the e-commerce sector.
EU commissioner Andrus Ansip said on Wednesday that the EU is still far too fragmented into 28 national markets and needs more common rules to be competitive inside Europe and around the globe. Ansip said that new plans to unite the digital economy should help create jobs and growth.
At the same time, the Commission opened an inquiry into the sector to see where open competition is stifled, especially when it comes to cross-border online trade in sectors like electronics and clothing.
