BRUSSELS, Oct 23 (Reuters) - The woman tipped to become
the European Union's next antitrust chief has pledged to
intensify the bloc's crackdown on Big Tech and foreign companies
receiving unfair state subsidies to buy EU peers or take part in
EU tenders.
The EU passed the landmark Digital Markets Act in 2022,
which compels tech companies to make it easier for consumers to
choose services from different providers.
It designated Alphabet, Apple ( AAPL ), Amazon ( AMZN ), Meta, Microsoft ( MSFT ) and
TikTok owner ByteDance as "gatekeepers" under the DMA, meaning
they warrant extra regulation.
"I will push for a vigorous enforcement of the DMA, shaping
the Commission policy concerning this important new instrument,
in order to deliver concrete results for European business and
end users," Teresa Ribera, who has been nominated as the
European Commission's next antitrust chief, said in written
responses to the European parliament.
The parliament will hold hearings for nominated
commissioners in November.
"We cannot afford unduly long antitrust investigations
during which companies continue to benefit from their
anticompetitive practices," Ribera added.
Earlier this year, the Commission launched probes into
Alphabet, Apple ( AAPL ) and Meta for potential breaches of DMA rules.
In a bid to promote new EU market leaders, Ribera's mission
also includes protecting small and midcap businesses from
"killer acquisitions" by foreign companies seeking to destroy
competition.
The 27-member bloc has struggled to produce leading
companies in the global clean tech race, with a fragmented
capital market hindering expansion within and outside the EU.
In her responses, Ribera said she wanted to simplify rules
for state aid and enforce foreign subsidies regulation.
The EU is trying to stem what it deems as unfair competition
from subsidised Chinese firms in wind, solar, and in particular,
electric vehicles. Earlier this month, the bloc decided to slap
tariffs of up to 45% on imported Chinese-made EVs.
However, Ribera said regulation would not solve the bloc's
problems and a new industrial strategy was needed. Working with
her peers, including climate chief nominee Wopke Hoekstra, she
is tasked with developing a clean industrial deal under the
executive vice president for industry, Stephane Sejourne.
"The BEVs (battery electric vehicles) anti-subsidy
investigation was grounded on solid facts and evidence and was
carried out in line with WTO (World Trade Organization) rules,"
Ribera said.
"This case is not a substitute for our automotive industrial
strategy. Looking ahead, we need to conduct a broader strategic
discussion about the future of the automotive industry in the
EU."