Economic security - Business welcomes clarity and further debate 

This package of proposals follows the June 2023 Communication on a European Economic Security Strategy. The new set of proposals is comprised of initiatives on strengthening screening of FDI into the EU, ensuring more effective export controls on dual-use items, and launching a discussion on parameters to monitor and assess outbound investment risks, among others. BusinessEurope Director General Markus J. Beyrer commented

on the newly proposed package: “Today’s EU economic security package brings much-needed clarity to the Commission Strategy announced in June 2023. We recognise the need for a more European approach on export controls and inbound FDI screening. Closing loopholes through coordinated implementation is vital for mitigating security-related risks and safeguarding the single market.”

WTO MC13 - Make or break

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Quote of the week

“For the BEFIT reform to be effective, it must align fully with global tax rules. Given the complexities of the changing global tax environment, EU legislators should wait for more stability in global corporate taxation before advancing detailed proposals.”

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