European Union ministers will push Brussels on Friday to crack down on practices by multinational companies that force retailers to pay wildly different prices for the same branded product, such as chocolate or biscuits, costing consumers an estimated €14 billion. euros per year. As reported by the “Financial Times”, eight governments, including Greece, the Netherlands, Belgium, Croatia and Denmark, will submit a document to the EU Competitiveness Council, which meets in Brussels, asking it to toughen the rules of the single market in order to effectively ban so-called parallel trade, where retailers buy products cheaper from another Member State. The Commission on Thursday fined Mondelez, the maker of Toblerone, 337.5 million euros for forcing wholesalers to buy cookies, chocolates and coffee in a member state, where prices can be low, to sell them. in another. “Is […]
Source: News Beast
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