Originally posted by the U.S. Chamber Foundation, Sept. 22, 2015, as part of a series of articles relating to the Internet of Everything project. Read more at uschamberfoundation.org/ioe.
The reverberations throughout global markets of China’s economic slowdown and stock market fall remind us once again how much the world’s major economies depend on each other.
Nowhere is this more true than between the European Union and the United States, the world’s two largest economic entities. Together, they account for one-half of the world’s GDP and about one-third of its trade flows. So the United States has a significant stake in the success of the European Commission’s Digital Single Market Strategy. Its promise of economic growth for Europe will help to lift the American economy as well, and Americans share the Commission’s vision of information and communications technology as “the foundation of all modern innovative economic systems.” Read More
Following meetings between President Obama and Brazilian President Dilma Rousseff this week, the leaders issued a joint communiqué addressing a number of cyber issues. It would appear that post-Snowden tensions have ameliorated. In 2013, President Rousseff condemned alleged US spying. In their statement this week, the Presidents expressed a “share[d] understanding that global Internet governance must be transparent and inclusive, ensuring full participation of governments, civil society, private sector and international organizations, so that the potential of the Internet as a powerful tool for economic and social development can be fulfilled” and they reaffirmed “their adherence to the multistakeholder model of Internet governance.”
Today, the European Commission sent out the first wave of more than 2,000 questionnaires it has said it will send to companies in connection with its recently-announced e-commerce sector inquiry. This marks the first stage in what is expected to be a far-reaching probe into a wide range of activities and business practices related to online selling in Europe.
The purpose of the sector inquiry is to examine current e-commerce business practices with a view to “breaking down online borders in the European Union.” The Commission will examine whether companies impose—via contract or through other practices—obligations that restrict the ability of merchants and consumers to buy and sell goods and services online across the EU.
The EU Commission has stated it believes that between 2001 and 2003, the number of people engaged in business online will have trebled and the number of transactions to buy and sell goods and/or services over the Internet will have multiplied by twenty. The UK’s Department of Trade and Industry estimates that the e-commerce industry is worth in excess of £57 billion in the UK alone. One of the difficulties experienced by businesses that wish to conduct e-commerce is the increasing need to know not just about the legal requirements of their own jurisdiction, but also the legal requirements of those jurisdictions where their customers are located. Whilst for consumers one of the biggest hurdles is the continued lack of trust and confidence in the Internet as a means of purchasing goods and services. (more…)
In order to encourage consumer confidence in buying goods and services over the Internet the EU has adopted Directive EC 97/7 on the protection of consumers in respect to distance contracts (the “Distance Selling Directive”). In the UK, the Distance Selling Directive has been implemented by The Consumer Protection (Distance Selling) Regulations 2000 (“the Regulations”). The Distance Selling Directive provides an agreed minimum level of consumer protection throughout the EU, requiring businesses to provide certain information to consumers before and after ordering goods and services at a distance such as over the Internet or by phone providing consumers with rights of withdrawal and regulating certain marketing methods. (more…)