REGULATORY · EU

EU penalizes platforms importing unsafe products

devdiscourse.com
Change
The EU agreed to fine online platforms that import unsafe products.
EU penalizes platforms importing unsafe products
Why it matters
The reformed EU Customs Code empowers regulators to impose financial penalties and suspend platforms that systematically import unsafe goods. Platforms will face fines up to 6% of annual imports for systematic infractions, making it harder to list or move non-compliant products into the EU and requiring stronger import compliance.
Implications
  • · Penalties are implemented via the reformed EU Customs Code.
  • · Fines are calibrated to target systematic infractions rather than isolated incidents, up to 6% of annual import value for repeat breaches.
Who is affected
  • · Online marketplace operators
  • · Third-party sellers on marketplaces
  • · EU customs and regulatory authorities
Source

devdiscourse.com

Topics

World & Politics Policy & Regulation Law & Public Safety Regulatory Actions

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