Fighting the economic impact of COVID-19 with a more united EU and a stronger EU-US relationship
For our last ‘Town Hall’ for members, AmCham EU connected with Peter Beyer, Member and Coordinator of Transatlantic Cooperation, German Bundestag.
During the meeting, Peter shared his insights on the COVID-19 emergency and its impact on the EU as well as on the EU-US relationship. He stressed that the COVID-19 outbreak showed the fragility of cross-border cooperation in times of crisis and the need for a stronger and more united EU. According to him, stronger competences at the EU level are needed to allow for an effective response to the crisis, especially with regard to its economic impact. Peter noted that the extent to which the EU will be able to do that depends on the willingness of the Member States which are still very divided with regard to the economic recovery plan.
As for the impact on the EU-US relationship, Peter indicated that the pandemic showed the need for more intensified transatlantic cooperation. Being natural allies, he added, the EU and the US need to start discussing a free trade agreement without further delay.
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Making the case for the transatlantic relationship in Washington, DC
From Monday, 28 September to Thursday, 1 October 2026, AmCham EU led a delegation of members to Washington, DC to bring the views of the business community to policymakers in Congress and the administration. Discussions showed that both sides value the stability the Turnberry framework agreement brings. While parts of the agreement remain to be implemented, meetings pointed to the possibility for cooperation on economic security. Implementation will continue to need dialogue between the two sides, which is expected to carry on after the mid-term elections.
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Building trust without slowing innovation
At RAID 2026, Thibaut L’Ortye, Chief Policy and Public Affairs Officer, AmCham EU joined a panel discussion on EU-US regulatory approaches to technology. Taking place on Tuesday, 29 September 2026, the discussion explored how transatlantic cooperation can focus on shared outcomes rather than identical rulebooks, including on cybersecurity, AI safety, consumer protection and resilient supply chains. Mr L’Ortye also highlighted the wider conditions needed to strengthen Europe’s competitiveness.
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Closing the gap between customs and VAT rules
The reform of the Union Customs Code changes who is treated as the ‘importer’ when a non-EU company uses an indirect customs representative. That creates a problem under the EU VAT Directive, which links import VAT deduction to being identified as the importer or consignee. In practice, the non-EU company may no longer meet that requirement, while the customs representative may not qualify for the deduction either.
That could leave import VAT irrecoverable and create uncertainty for businesses using established import models. The Commission should ensure that the non-EU principal can still be identified in customs data for VAT purposes and fix the mismatch between the UCC and the VAT Directive.
Learn more about what changes are needed to keep import VAT deductibility workable under the new customs framework.
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