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AmCham EU’s 13th Annual Transatlantic Digital Economy Conference took place on Thursday, 5 November, under the theme Cutting through complexity. The event brought together policymakers, regulators and industry leaders to discuss how clear, workable frameworks and closer EU-US cooperation can bring more coherence to the digital landscape and support economic growth.

The success of the Cloud and AI Development Act (CADA) will depend on whether its sovereignty framework strengthens Europe’s resilience and competitiveness without restricting access to the technologies, providers and operating models needed to support the bloc’s digital transformation. As currently envisaged, several elements of CADA introduce origin-based restrictions that are not necessarily linked to genuine sovereignty, security or resilience risks. These measures could reduce competition, increase costs and slow cloud and AI adoption – ultimately working against CADA’s underlying objectives.

A sovereignty framework built on objective, risk-based criteria will better support Europe’s competitiveness, resilience and digital transformation than one based on origin, ownership or nationality.

On Wednesday, 9 September, AmCham EU hosted a roundtable on transatlantic consumer cooperation as a part of the European Union’s International Product Safety Week and the International Consumer Product Health and Safety Organization’s International Symposium. The discussion explored how closer EU-US cooperation could improve consumer outcomes in practice, from product safety and recalls to fair commercial practices, as the European Commission prepares to revise the Consumer Protection Cooperation framework.

The exchange began with reflections on the state of play of transatlantic consumer cooperation from Sarah Wilson, Partner and Chair of the Product Safety Practice Group, Covington; Pierre Minoves, Acting Policy Assistant, Cabinet of Commissioner McGrath, European Commission; and Léa Auffret, Director, Transatlantic Consumer Dialogue. This was followed by a discussion with leading EU and US experts, officials and AmCham EU member representatives about how improving EU-US cooperation in consumer protection can deliver benefits for businesses, consumers and regulators. Thank you to Covington for sponsoring and to Razvan Antemir (Amazon), Chair, Consumer Affairs Committee, AmCham EU for moderating.