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From Tuesday, 16 to Wednesday, 17 June, AmCham EU travelled to the European Parliament in Strasbourg, France for a series of meetings on EU trade and external affairs policy developments. The delegation engaged with Members of the European Parliament and political group advisers to share business perspectives on the future of the EU-US relationship. Discussions focused on the need to reset transatlantic trade and investment ties, strengthen Europe’s competitiveness and preserve open, rules-based markets. Members also highlighted the importance of avoiding tariffs, reducing regulatory complexity, deepening cooperation on economic security, critical supply chains and digital policy as well as ensuring that resilience measures remain proportionate, predictable and open to trusted partners.

On Tuesday, 10 June, Thibaut L’Ortye spoke at EUROPEN’s panel on Global Partnerships and the EU Single Market. The discussion focused on how Europe can strengthen its competitiveness and attractiveness as an investment destination. Mr L’Ortye underlined the importance of external partnerships to support supply chains, particularly in areas such as critical minerals and AI, as well as secondary raw materials. He also highlighted the need for the EU to remain open to international investors while pursuing its economic security objectives.

The EU proposed the Foreign Subsidies Regulation (FSR) in 2021 to address foreign subsidies distorting the Single Market. Operating as a screening instrument behind merger control, it requires companies to notify the European Commission of foreign financial contributions (FFCs) they may receive when participating in public procurement or mergers and acquisitions activity. Preventing FFCs from distorting the Single Market is an important goal – and one that must be achieved without creating its own disruptions.