EU Justice Commissioner Viviane Reding in Warsaw to discuss the Common European Sales Law
Each year at least €26 billion in trade in Europe is lost because of legal differences in national sales laws. "This is a missed opportunity we cannot afford, most of all in challenging economic times," said EU Justice Commissioner Viviane Reding at the EU Council Polish presidency conference on European Contract Law.
Europe's strongest asset is its internal market of 500 million consumers. But there are still obstacles that stifle its full potential. These outstanding barriers hinder traders who want to offer their products or services to customers in other EU Member States and disadvantage consumers who want to shop across borders in the EU.
An optional instrument in contract law is a key initiative in the effort to boost e-commerce. The Common European Sales Law will provide traders with a uniform set of contract law rules which they could use in all internet transactions, without having to worry about which rules apply in the country of residence of each consumer. It will also allow traders to use the same internet platform for all Member States, without having to customise it to comply with the legal requirements in each Member State where they wish to sell their products. As a result, EU traders will be more efficient, competitive and innovative. Consumers will have more choices. "It's a win-win situation for businesses and consumers who want to take advantage of our Single Market," said EU Justice Commissioner Viviane Reding.