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20 October 2023

EU-US Summit: we must urgently address outstanding issues

Ahead of today’s EU-US Summit, a BusinessEurope delegation, led by our President Fredrik Persson and Director General Markus J. Beyrer, went on a mission to the USA.
The aim was to underline the importance of the transatlantic relationship in a moment of so many geopolitical challenges, such as the war in Ukraine, the Middle East crisis and tensions in other regions including the Asia-Pacific. The health of the $7.1 trillion EU-US economic relationship is critical to millions of jobs and prosperity on both sides of the Atlantic. Successful cooperation between the USA and the EU is therefore vital to enhance competitiveness and increase economic growth on both sides of the Atlantic. “Reaffirming our commitment to the rules-based trading system will
deepen our shared prosperity. But we need to urgently address some outstanding issues. We must find a permanent solution on steel/aluminium and we must conclude an agreement on critical minerals", said President Persson. Our delegation shared this message with a number of high-level officials they met in the USA, like Trade Representative Katherine Tai, Commerce Under Secretary for Trade Marisa Lago, Ways and Means Committee Chair Richard Neal, and Undersecretary for Economic Growth, Energy and Environment Jose W. Fernandez, as well as businesses. 
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Better regulation is key to move ahead

850 new regulatory obligations directed towards companies, representing more than 5000 pages of legislation, have been produced during the last 5 years at EU level. “This is not the way you make Europe competitive”, highlighted our President Fredrik Persson at the opening ceremony of the European Forum for New Ideas on 11 October in Sopot, Poland. Read more

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Quote of the week

"The measures announced by the European Commission to reduce reporting requirements for companies are an important first step. We look forward to a more robust programme for making it easier to do business in Europe. We need a more competitive EU."

Our Director General Markus J. Beyrer on the adoption of the Commission 2024 Work Programme on 17 October.

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