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EU's Digital Markets Act could transform tech industry

Wednesday, April 6, 2022

Significance

The DMA establishes a series of prohibitions and obligations for the largest technology companies and empowers the European Commission to investigate anticompetitive practices and impose hefty fines on non-compliant companies. The final text of the DMA still awaits final approval, but it could come into effect as early as October this year.

Impacts

  • Washington will criticise the DMA but other shared geostrategic interests will limit friction in transatlantic ties.
  • The compliance cost of large technology firms will rise.
  • The European Commission’s oversight capabilities will rise and prove costly.

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