Wirtschaftsbund Supports Enhanced Oversight in Online Commerce

In a move aimed at ensuring fair competition and protecting local businesses, the Austrian Economic Association has expressed its approval of increased regulatory measures for online trading. According to the association, domestic and European companies are facing mounting pressures from rising regulations and growing bureaucracy. Concurrently, non-European platforms are entering the market with products that frequently do not meet safety standards or adhere to European regulations.

The recent directive from Federal Minister Hattmannsdorfer, which calls for strengthened monitoring of online trade, is viewed as a crucial step in safeguarding the domestic economic landscape. The Economic Association emphasizes the necessity of implementing clear measures to maintain competitiveness and secure the future of regional businesses.

It is imperative that the same standards applied to Austrian enterprises are also enforced on providers from third countries. The association firmly believes that any entity wishing to sell within Europe must comply with local regulations. This principle is essential for ensuring that all market participants operate under equitable conditions.

The association has highlighted that the anticipated controls represent a significant initial measure towards establishing fair market practices. By holding all sellers, regardless of their origin, to the same standards, the initiative aims to level the playing field for local businesses.

The Economic Association remains committed to advocating for policies that foster competitiveness while ensuring consumer safety and adherence to established regulations. As the online marketplace continues to evolve, these efforts to enhance oversight are deemed critical for the sustainability of both local industries and consumer trust.