On Wednesday, 5 May, the European Commission put forward its revised industrial strategy, responding to the devastating impact of the COVID-19 crisis and the urgency to tackle the digital and green transitions. It outlines how the EU plans to strengthen the resilience and competitiveness of the Single Market in the global economy.
New EU industrial strategy: Single Market is key to economic recovery
On Wednesday, 5 May, the European Commission put forward its revised industrial strategy, responding to the devastating impact of the COVID-19 crisis and the urgency to tackle the digital and green transitions. It outlines how the EU plans to strengthen the resilience and competitiveness of the Single Market in the global economy.
As the voice of large investors in the EU, the American Chamber of Commerce to the EU (AmCham EU) fully supports an approach focused on advancing the Single Market agenda. It remains the primary driver of foreign direct investment into the European economy. However, this strategy will only be successful if both the Commission and Member States can work together to overcome its fragmentation. Inconsistent implementation and lack of enforcement continue to prevent the Single Market from functioning properly.
As the EU looks toward economic recovery following the crisis, the focus should now turn toward the implementation of the national recovery and resilience plans. While more Member States still have to submit their plans, it is critical for the process to pick up speed and ensure timely access to the funds. Incentivising public and private investment in cutting-edge technologies is key to enabling sustainable recovery and long-term growth.
The strategy provides an outward-looking definition of the concept of ‘open strategic autonomy’. It underlines the importance of close alliances with like-minded partners, such as the United States, to address common issues. Both transatlantic and global cooperation will be critical to the success of the EU’s industrial strategy, in particular when it comes to defining the future rules and standards of the global economy. AmCham EU stands ready to contribute actively to these efforts.
Related items
:focal())
News
22 Dec 2025
No further delays: the EU-Mercosur FTA is vital for a stronger Europe
The European Council’s decision to postpone its vote on concluding the EU-Mercosur free trade agreement (FTA) is a missed strategic opportunity that threatens the EU’s credibility as a reliable partner. After more than 20 years of negotiations, the EU is once again delaying one of its most ambitious and strategic trade agreements.
The EU-Mercosur FTA’s economic benefits are clear. At a time when strengthening competitiveness, economic growth and partnerships should be paramount, the FTA provides access to a market of 284 million consumers – reducing tariff and non-tariff barriers and supporting integrated supply chains.
Beyond its economic benefits, the EU-Mercosur FTA is also an important geopolitical tool. It would anchor a long-term strategic partnership with a key region and reinforce the EU’s role as a credible advocate of rules-based trade. Amid heightened geopolitical rivalry, postponement weakens the EU’s standing and its ability to conclude ambitious FTAs elsewhere.
The EU cannot afford further delays. The EU-Mercosur FTA is vital for the region’s competitiveness, resilience and global credibility. The European Council must promptly return to this file and conclude this FTA in January.
:focal())
News
22 Dec 2025
AmCham EU confirms Liam Benham for second mandate as Chair of its Board of Directors
The American Chamber of Commerce to the European Union (AmCham EU) has confirmed Liam Benham, President, EU, NATO and Government Affairs, Europe, Boeing, for a second mandate as Chair of its Board of Directors. We look forward to continuing our work with Liam as he brings his expertise and leadership to advancing AmCham EU’s strategic priorities.
:focal())
News
11 Dec 2025
Exploring transatlantic ties at AmCham Luxembourg
On Tuesday 2 December, Thibaut L’Ortye, Senior Director of Public Affairs, AmCham EU presented The Transatlantic Economy 2025 report at AmCham Luxembourg’s Transatlantic Trade and Investment event. Stacey Feinberg, US Ambassador to Luxembourg highlighted the strong ties between Luxembourg and the US, with over 150,000 people employed thanks to the partnership. During his section, Mr L’Ortye presented the results of the report, with a particular focus on the resiliency of the EU-US relationship. Despite differing views on certain issues, the transatlantic partnership remains the most integrated in the world, directly responsible for 16 million jobs and one third of global GDP.
Policy priorities
Insights and advocacy driving Europe’s policy agenda. Our priorities support growth, innovation and a stronger transatlantic economy.
Membership
Connecting business and policymakers to strengthen the voice of American companies in Europe.