eBay is lobbying the European Parliament over trading laws it calls "last century" that are preventing its customers from potential savings.
The online auction company said that traditional manufacturers are using outdated regulatory laws to restrict the impact of online trading.
"Entrenched manufacturers want to continue making money as they did in the 1950s, but the business models have to adapt for the new economy," eBay's head of EU liaison Paloma Castro told the
eBay says that a review of the rules surrounding online trade will be examined by the European Parliament, but knows that revising the rules that limit cross-border and international trading will take longer to change. The company plans to create a coalition of online traders by the end of the year. "At this stage we just want to raise awareness with consumers that they aren't getting the best deal," said Castro.
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