EU and U.S. business leaders met in Washington D.C. for the ‘Transatlantic Business Works’ Summit jointly organised by BusinessEurope and the U.S. Chamber of Commerce on 16 April. The summit highlighted the benefits of the trade and investment relationship between the U.S. and Europe and aimed to foster the dialogue about new opportunities for advancement and growth. BusinessEurope Director General Markus J. Beyrer said: “The EU and the U.S. share opportunities and concerns and are equally affected by trade distortions. A trade war is not the answer to address shortcomings in the international trading system. Neither is recurring to disguised protectionism. We rather need concrete proposals building a positive agenda for change. We need a strong multilateral trading system and a functional WTO. Concerted actions have proven to be more effective in the long-term and are critical to the stability and the growth of transatlantic ties.”
Photo by Ian Wagreich / © U.S. Chamber of Commerce
In the coming years, many billions of investment will be made in mobility, in particular relating to low-emission, connected and automated driving and other innovations. "We must make sure that a large share of these investments happen in Europe", BusinessEurope Director General Markus J. Beyrer said at a social partner roundtable organised by European Commisson Vice-President Maroš Šefčovič. For that to happen, he added, we need a sensible roll-out of digital solutions and help companies scale up their initiatives. We must also allow all technologies to compete with each other, as there is no silver bullet to reduce emissions and improve safety. Finally, it is crucial that regulation enables rather than stifles research and innovation to prevent an ‘innovation leakage’ out of Europe.
The B7 Summit 2018 takes place on 4-6 April in Quebec, Canada. BusinessEurope is present with its Director General, Markus J. Beyrer, and its Director for International Relations, Luisa Santos. Gathering business leaders from the G7 countries, the B7 offers recommendations to the G7 leaders on key global issues. This year, the agenda of the B7 Summit will focus on promoting inclusive growth and resource efficiency. You may read more here.
Speaking at the Tripartite Social Summit on 21 March 2018 in Brussels, on the eve of the Spring European Council, BusinessEurope's President Emma Marcegaglia stressed that “in today’s challenging world, it is more important than ever to make sure that our social market economy continues to thrive. 2017 has been a good year for the EU economy, but in a situation where the US introduce a tax reform, which will boost their national investments, and Europe is facing an aggressive Chinese approach via their Belt and Road Initiative (BRI), the EU must urgently take action to maintain its economic position in the world. The EU must make sure the post-2020 Multiannual Financial Framework is in place before the European elections. We also need to be ambitious on trade agreements, on the Single Market, on digitalisation, on industrial policy, on the Capital Markets and Banking Unions and on further strengthening our public finances”. Speaking on labour markets reforms, President Marcegaglia stressed that... read more. Marcegaglia's intervention. Letter to the Spring European Council. © Photo: European Union
BusinessEurope today published its “EU Reform Barometer 2018 - The EU economy 10 years after the start of the crisis”. The data shows the EU needs to do more to improve competitiveness, as its economic output is only 9% above pre-crisis levels, compared to 15% in the USA and 18% in Canada. Presenting the main conclusions of the publication at a press breakfast in Brussels, together with Director General Markus J. Beyrer, President Emma Marcegaglia said: “Our 2018 Reform Barometer shows that whilst the EU has many world-class businesses, innovators and skilled workers, much more can be done to help raise growth and living standards. With the USA having recently put in place a major corporate tax reform which will significantly improve its attractiveness as an investment location, the EU needs to use all possible levers to improve its competitiveness.” See the full publication and a short video teaser.
Unfortunately, US President Trump confirmed his decision to impose additional duties on aluminium and steel without an exemption for the EU. European business has strongly warned against creating far-reaching disruption in world trade. Commenting on the decision that will enter into force in 15 days, Markus J. Beyrer, Director General of BusinessEurope said: “In spite of sound arguments against, President Trump has decided to impose additional duties of 25% on steel and 10% on aluminium. Regrettably the EU, a key strategic ally of the US has not been exempted from this decision. The decision will enter into force in 15 days and we should do the utmost during this time to exclude the EU on security grounds”. Read more
“We have a key role to play in making sure that our model of social market economy continues to thrive. This is why we chose to focus BusinessEurope Day 2018 on the value.s of business”, President Emma Marcegaglia said at the opening of BUSINESSEUROPE Day on 1 March 2018 in Brussels. The fourth edition of the event coincided with BusinessEurope’s 60th anniversary. Donald Tusk, President of the European Council, Jyrki Katainen, Vice-President of the European Commission, and Michel Barnier, Chief Negotiator of the Task Force for the Preparation and Conduct of the Negotiations with the United Kingdom under Article 50 TEU, also delivered keynote speeches to an audience of about 350 people, including top-level politicians and leaders of the European industry. “Under this slogan, we want to discuss the value of business for society as well as the values of European business”, Marcegaglia commented.
Exactly 60 years ago, on 28 February 1958, the Presidents and Directors General of the national Belgian, Dutch, French, German, Italian and Luxembourgish business federations announced the creation of the Union of Industries from the European Community (UNICE), today BusinessEurope with 39 members in 34 European countries. The very first meeting of the organisation took place on 1 March 1958 and BusinessEurope supported the European integration and the aims pursued by the Treaties of Rome from the outset. “We have a key role to play in making sure that our model of social market economy continues to thrive”, says BusinessEurope President Emma Marcegaglia, looking at 60 years of the association’s history and at the challenges ahead. For this anniversary BusinessEurope published a photo album with key milestones in the organisation’s history… - Press release