One year on: AmChams in Europe steadfast in support for the people of Ukraine

One year ago, Russia invaded Ukraine, violating international law, endangering peace and security across the region and causing unspeakable suffering. As the war rages on, AmChams in Europe – the umbrella organisation for 46 AmChams in 44 countries across Europe and Eurasia – continues to stand in solidarity with the people of Ukraine, as we have since 24 February 2022. Our thoughts remain with all those impacted, including our fellow AmCham colleagues, their members, partners and families.

News
23 Feb 2023
One year on: AmChams in Europe steadfast in support for the people of Ukraine

Our network brings together individuals and organisations with deep ties across Europe and Eurasia, and around the world. In the last year, our Chambers and member companies have used these connections to directly support relief efforts through a range of initiatives, including fundraising, collecting and distributing goods, and more. Many have also contributed to programmes welcoming those displaced by the war.

In the midst of the ongoing crisis, we applaud governments on both sides of the Atlantic for their unity and commitment to the people of Ukraine. The public and private sectors should be prepared to play an important role in supporting the country’s future economic prosperity and planning for its reconstruction. Ensuring respect for the rule of law will be critical to enable meaningful engagement from all stakeholders. In the face of the senseless loss of human lives, we must also continue to remain engaged and speak out for democratic values and the defence of human dignity.


Supporting AmChams: AmCham Albania, AmCham Austria, AmCham Azerbaijan, AmCham Belgium, AmCham Bosnia and Herzegovina, AmCham Bulgaria, AmCham Croatia, AmCham Cyprus, AmCham Denmark, AmCham Estonia, AmCham EU, AmCham Finland, AmCham France, AmCham Georgia, AmCham Germany, AmCham Gibraltar, AmCham Greece, AmCham Hungary, AmCham Ireland, AmCham Israel, AmCham Italy, AmCham Kosovo, AmCham Latvia, AmCham Lithuania, AmCham Luxembourg, AmCham North Macedonia, AmCham Malta, AmCham Moldova, AmCham Montenegro, AmCham The Netherlands, AmCham Norway, AmCham Poland, AmCham Portugal, AmCham Romania, AmCham Serbia, AmCham Slovakia, AmCham Slovenia, AmCham Spain, AmCham Sweden, AmCham Switzerland, AmCham Turkey (ABFT), AmCham Turkey (TABA), AmCham Ukraine, AmCham UK.


AmChams in Europe serves as the umbrella organisation for 46 American Chambers of Commerce (AmChams) from 44 countries throughout Europe and Eurasia. In Europe, they represent the interests of more than 17,000 American and European companies employing 20 million workers and accounting for more than $1.1 trillion in investment on both sides of the Atlantic. As a bilateral voice of American and European companies, AmChams in Europe works to communicate the importance of the transatlantic economy in both Europe and the United States.

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Tech Sovereignty Package: positive steps for energy resilience, but a risky gamble for digital competitiveness

This week the European Commission unveiled its Tech Sovereignty Package. While the Package’s energy proposals mark a significant step forward for EU energy resilience, the Cloud and AI Development Act (CADA) proposal overlooks the reality of global technology supply chains and introduces significant legal uncertainty and fragmentation for businesses.

The central question for the Tech Sovereignty Package is how to build resilience without undermining competitiveness. Concerns around overdependence on a limited number of providers, the risk of external disruption to service continuity and the long-term position of the EU’s digital industries are all legitimate. However, greater sovereignty will only be sustainable if it is built on a competitive, diverse and innovative digital ecosystem. The technologies that underpin the global digital economy are developed through highly international supply chains, with innovation spread across multiple markets.

Viewed through this lens, the individual proposals in the Package vary in the extent to which they reinforce resilience while preserving openness and competitiveness. In particular, the proposed CADA risks discriminating against providers that rely on global supply chains – both those based in Europe and those in third countries – even where they offer superior resilience.

‘An origin-based approach is too blunt for such a complex global market’, said Malte Lohan, CEO of the American Chamber of Commerce to the European Union, commenting on the Package.

‘A more credible path to achieving greater resilience and control in such an interconnected landscape is to define sovereignty in terms of outcomes: secure and reliable technologies, customer choice, strong safeguards against undue interference and a business environment that supports investment and growth. That points to a risk-based framework where the EU is open to working with trusted partners. This trust should be assessed on the basis of objective standards rather than origin alone’, Mr Lohan added.

Last year alone, US technology firms operating in Europe and their supply chains supported €1.0 trillion in EU GDP, equivalent to 5.4% of total output. The scale of this contribution underscores the need for the EU to preserve an open environment with legal clarity and proportionality in any restrictions or safeguards that would impact commercial operations.

The Package’s Strategic Roadmap for Digitalisation and AI in energy is a positive step that could help unlock the benefits of digitalisation for Europe’s energy needs, enabling faster and more flexible grids. Digitalisation provides new opportunities to strengthen the reliability and resilience of energy systems. If executed well, the roadmap could support the growing demand of Europe’s digital and AI sectors for low-carbon energy.

Ultimately, the importance of the Tech Sovereignty Package extends well beyond the technology sector itself. Manufacturers, healthcare and life sciences, financial services, mobility, energy and retail all increasingly depend on access to advanced digital technologies to innovate and compete. For the Tech Sovereignty Package to support these sectors, it must ensure companies in Europe continue to benefit from economic openness.

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