The EU needs a harmonised and future-proof export control framework that adequately accounts for evolving technologies and creates a competitive environment for EU exporters, with special consideration for SMEs and academic institutions. This requires modernising the 2021 Dual-Use Regulation, ensuring effective export controls that are proportional, flexible and focus on end-users, and encouraging inclusive stakeholder participation in export control discussions. Moreover, as cross-border research, development and innovation initiatives become the global norm, it is essential that the EU and its trusted partners focus on developing interoperable export control rules. This would help ensure that their businesses can compete on a level playing field and jointly benefit from cutting-edge innovations – including AI technology, quantum computing, semiconductors and biotech – and make it harder for nefarious actors to exploit loopholes.
Recommendations for effective and well-targeted export controls
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Industry calls for ambitious and simplified implementation of the AI Act
Together with 14 other associations, AmCham EU has signed a joint statement on the European Commission’s Digital Omnibus on AI, calling for a clear, simple and innovation-friendly implementation of the AI Act. Co-legislators should swiftly reach an agreement on an ambitious final text that keeps simplification at its core. Measures to streamline overlaps with existing EU legislation and improve legal certainty are essential, alongside targeted adjustments to ensure the framework remains practical. This includes extending grace periods for generative AI labelling requirements, ensuring greater legal clarity for AI systems entering the EU market, preserving the risk-based approach of the AI Act by exempting non high-risk systems from registration, and supporting fixed compliance deadlines for high-risk systems.
Learn how the EU can support a clear and innovation friendly framework in the joint statement.
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FSR compliance: complexity undermining competitiveness
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.
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One year on from ‘Liberation Day’, the transatlantic economy still stands strong – but it needs stability
Authored by Malte Lohan, CEO, AmCham EU
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