{"id":143085,"date":"2021-10-29T07:32:36","date_gmt":"2021-10-29T07:32:36","guid":{"rendered":"https:\/\/precoinnews.com\/?p=143085"},"modified":"2021-10-29T07:32:36","modified_gmt":"2021-10-29T07:32:36","slug":"easier-cartel-rules-for-packaging-logistics-companies-eus-vestager-says","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/markets\/easier-cartel-rules-for-packaging-logistics-companies-eus-vestager-says\/","title":{"rendered":"Easier cartel rules for packaging, logistics companies, EU&#x27;s Vestager says"},"content":{"rendered":"<figcaption>FILE PHOTO: European Commission&#8217;s executive Vice President Margrethe Vestager delivers a speech at the European Parliament in Strasbourg, France, October 19, 2021. Ronald Wittek\/Pool via REUTERS<\/figcaption><p>BRUSSELS (Reuters) &#8211; Packaging and logistics companies may soon be able to cooperate on green projects without any fear of flouting cartel rules, EU antitrust chief Margrethe Vestager said on Friday.<\/p>\n<p>Under EU cartel rules, companies that collude to illegally fix prices or share markets can face fines up to 10% of their global turnover.<\/p>\n<p>EU antitrust enforcers plan to provide guidance for packaging and logistics companies, Vestager said in the text of a speech to be delivered at an event in Helsinki.<\/p>\n<p>\u201cConsider an established market with some bad environmental habits \u2013 maybe to do with packaging or logistics. To break out of that rut, companies in that market might need to cooperate, in order to get to a better, more sustainable equilibrium,\u201d she said.<\/p>\n<p>\u201cIn such cases, the Commission want to provide legal certainty that they will not fall foul of the EU\u2019s rules on cartels. All of this will be explained in a Commission communication, to be adopted very soon,\u201d Vestager.<\/p>\n<p>She will shortly adopt looser state aid rules to allow EU countries to subsidise energy, climate and environment projects in line with the European Commission\u2019s goal of greening the bloc\u2019s economy.<\/p>\n<p>Source: <a href=\"https:\/\/www.reuters.com\/article\/eu-antitrust\/easier-cartel-rules-for-packaging-logistics-companies-eus-vestager-says-idUSKBN2HJ0SM\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>FILE PHOTO: European Commission&#8217;s executive Vice President<\/p>\n","protected":false},"author":3,"featured_media":143084,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23054],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Easier cartel rules for packaging, logistics companies, EU&#x27;s Vestager says - 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