Brussels, April 9, 2024 – The European Union has taken significant steps to protect businesses, particularly small and medium-sized enterprises (SMEs), from unfair trading practices. These efforts are part of a broader initiative to ensure a fair and competitive market within the EU.
At the heart of these protections is the Unfair Trading Practices Directive, specifically designed to shield SMEs in the agri-food sector from the disproportionate power of large buyers. This directive prohibits practices such as late payments for perishable products, last-minute order cancellations, and unilateral changes to contracts, which have historically placed smaller businesses at a disadvantage.
In addition to this directive, the EU enforces strict competition laws aimed at preventing monopolies and ensuring that all businesses, regardless of size, can compete on a level playing field. These laws are crucial in promoting innovation, consumer choice, and economic growth across the European Union.
As global markets become increasingly interconnected, the EU’s commitment to maintaining a fair market environment is more important than ever. By protecting businesses from unfair practices, the EU not only supports the growth of SMEs but also contributes to the overall stability and health of the European economy.
These measures reflect the EU’s ongoing dedication to fostering a competitive and equitable business environment, ensuring that businesses of all sizes can thrive without the threat of unfair trading practices.
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