Scramble for the Senate seats    Egypt discusses Amazon expansion plans in the local market    ‘La tendre mère du Liban'    Humanitarian aid vs political reform    An Egyptian-Hellenic alliance    Foreign currency takes a hit    Breaking down barriers    Rebound or second wave?    The last piece of gold    Mohamed Mandour, guru of modern pottery    Don't miss UBUNTU gallery's summer group exhibition    Trump says ‘great' bond with China's counterpart changed after COVID-19    Lebanese demand change after government quits over Beirut explosion    Global coronavirus cases surpass 20M as Russia approves vaccine    France extends ban on mass gatherings to Oct. 30: PM    VIDEO: Al-Rehab residents vote in ُEgypt's Senate elections in highly organized manner    Gold prices in Egypt decline EGP 23 per gram on Tuesday    Coronavirus found on imported frozen seafood in China    Sturridge sets sights on Premier League return    Key global currencies rates in Egyptian banks on 11 August    WB-financed infrastructure projects to go into operation in 2 Egyptian governorates soon    Scottish Premiership at risk of shutdown after player breaks quarantine    Valencia report two COVID-19 positives    Egyptians start vote in Senate elections amid tight preventative measures against coronavirus    Isolation hospitals in Egypt to reopen for second wave of coronavirus    U.S. sends 250 ventilators to support Egypt's Covid-19 efforts    Netflix Egypt released its teaser images of Arabic original series, Ma Waraa Al Tabiaa    Sisi calls on Lebanon to unite, avoid disputes and regional conflicts    Egypt puts in place scheme ahead of Senate elections – ministry    Egyptian expats to vote for Senate elections by mail starting Sunday    African Champions League final will be played on Oct. 16-17, CAF says    Egypt invites Tesla's founder to visit Giza Pyramids after controversial tweets    Sisi: Egypt favours negotiations over a military solution to resolve Nile dam crisis: Al-Sisi    No room to delay Egyptian Premier League games – EFA's board member    Egypt Cup games to resume after Premier League finishes: EFA    The Facebook Preacher's Search for Fame, and Egypt's Economy    Egypt's efforts in Libya to activate free will of Libyan people: Al-Sisi    Egypt calls on UNSC to address oil spill risks off Yemen coast    Egypt economically strong in face of COVID-19, reforms ongoing: International Cooperation Minister    Arafa Holding reports $144,000 COVID-19-related losses in April    Hyksos campaigns were internal takeover, not foreign invaders: study    COVID-19 affects Egypt sporting clubs    COVID-19 will soon turn to seasonal like swine flu: Presidential Health Advisor    ‘Egypt's Support' coalition convenes to discuss its Senate election list    Robbery attempt leads to discovery of Ptolemaic monuments in Qena    Flouting international guidance, Ethiopia unilaterally starts filling its Nile dam    Google ‘translate' ancient Egyptian hieroglyphs    Zaha speaks out after online racial abuse    

Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.

Amazon, German watchdog deal to overhaul marketplace terms
Published in Amwal Al Ghad on 17 - 07 - 2019

Amazon reached a deal with Germany's anti-trust authority to overhaul its terms of service for third-party merchants, taking action to appease regulators as pressure on the e-commerce giant grows in Europe and the United States.
The Federal Cartel Office said on Wednesday it was dropping a seven-month investigation after Amazon agreed to amend its Business Services Agreement that applies to merchants using its platform.
Neighboring Austria ended a similar probe as Amazon, yet a full-blown European Union antitrust probe still looms. Lawmakers in the United States meanwhile grilled an Amazon boss on Tuesday over how the company treats merchants.
The changes will apply not only to Germany, Amazon's No. 2 market after the United States, but also to its marketplaces in Britain, France, Italy and Spain , as well as its other worldwide sites in America and Asia, the German regulator said.
"We have achieved far-reaching improvements for retailers on Amazon's marketplaces," cartel office chief Andreas Mundt said in a statement. "We are dropping our investigation."
Responding, Amazon said the changes to its Business Solutions Agreement, to take effect in 30 days, would clarify the rights and responsibilities of selling partners that account for 58% of physical merchandise sales on its platform.
"We'll continue working hard, investing heavily, and inventing new tools and services to help our selling partners around the world reach new customers and grow their business," said Amazon.
Silicon Valley's tech giants have come under increasingly intense scrutiny, with Alphabet's (GOOGL.O) Google hit with billions of euros in fines for breaches of European Union competition rules. The EU executive may open a full anti-trust probe into Amazon within days, Bloomberg reported on Tuesday.
Germany's anti-trust regulator, while subordinate to Brussels in many regards, has also been active, ordering Facebook (FB.O) to change how it handles user data after finding the social network abused its market dominance.
Facebook has challenged that decision, in contrast to Amazon which came to a relatively quick understanding with the German regulator. No fines had been foreseen in the Amazon case.
At issue is the power of so-called platform companies that provide a venue for others, for example, to sell new or second-hand books.
In an inherent conflict of interest, that business has also long been a mainstay of Amazon, which was founded by Jeff Bezos in his garage in 1994 and has gone on to command a market valuation of nearly $1 trillion.
Third-party sellers had complained that Amazon's terms of service were stacked against them, a view backed by the cartel office which found that Amazon dealt with them in an opaque and arbitrary manner.
In Tuesday's hearing on Capitol Hill, lawmakers raised similar concerns, pressing Amazon counsel Nate Sutton over allegations it competed against its own sellers and pushed them to buy advertising and fulfillment services.
Among the changes in its new terms of service, Amazon will comply with European rules governing liability toward its business partners on its European platforms, whereas earlier it had faced no such liability.
It should now give 30 days notice, and a reason for, removing a merchant from its platform. Before, it could end its relationship with, or block, a seller without warning or explanation.
Merchants using its European marketplaces will be able, in certain circumstances, to take Amazon to court in their own country, whereas before this was only possible in Luxembourg – a deterrent for small-time traders.
They will also be able to appeal against decisions by Amazon regarding who should bear the costs of returns and refunds. Other changes cover product descriptions, ease of understanding Amazon's terms of services and fairer presentation of customer reviews, the cartel office said.
The changes will directly affect 300,000 merchants active on, the company's German site, of which an estimated 60%-65% are German. The site turned over 20 billion euros last year, making it by far the biggest of Amazon's European sites.
The German cartel office said it had consulted closely with the European Commission on its probe, as well as with regulators in Austria and Luxembourg that have also opened anti-trust cases against Amazon.
Source: Reuters

Clic here to read the story from its source.