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
Markus J. Beyrer at Macroeconomic Dialogue meeting
“The EU economy continues to gather strength with businesses increasingly confident to make long-term investments and create more jobs,” commented BusinessEurope Director General Markus J. Beyrer at the Macroeconomic Dialogue meeting at political level today. “But raising the EU’s long-term sustainable growth rate means undertaking reforms that can improve competitiveness. In order to achieve greater economic resilience, Member States must work with the EU to complete the single market, deepen EMU and ensure that carefully targeted investment in areas such as skills, infrastructure and R&D make more parts of the EU world class business locations.” The Macroeconomic Dialogue provides a forum for exchanging views between the European Commission, Council, European Central Bank and social partners.
Markus J. Beyrer at the Informal Competitiveness Council in Sofia
The informal meeting of the EU ministers responsible for competitiveness takes place today in Sofia under the Bulgarian Presidency of the Council of the European Union. An industrial strategy for Europe is among the key topics discussed. BusinessEurope Director General Markus J. Beyrer, invited to speak at the meeting, underlined: “We must put industrial policy high on the political agenda in the coming months and keep up the pace of the progress achieved in the last months. One of the key points that still needs a thorough reflexion is the long-term vision for the EU’s industry. A key objective of a revised industrial strategy must be to ensure the EU policy can steer positive change and have the tools to handle difficult challenges ahead, be it job changes due to technological development, the effects of an ageing population, or the energy transition.” Photo copyright: Yordan Simeonov (EU2018BG)
We have an international order, and not only on trade, that is based on multilateralism. It is based on the assumption that countries will respect the rules and institutions that they helped to create. We have all benefited from trade liberalisation and it is important that we stay committed to the world trading system. “There are losers of globalisation and technological developments and we need to find solutions for them. But it is not by resorting to protectionism or by imposing unilateral measures that limit imports that a solution will be found. On the contrary, this kind of measures risk creating a flaw in the system that might hit back at those that are already suffering the most.” This was the core message conveyed by President Marcegaglia, speaking at the World Economic Forum in a session focusing on trade, with the Secretary of Commerce of the United States Wilbur L. Ross and the Director General of the World Trade Organisation (WTO) Roberto Azevedo. Pictures
“After five years of growth, we are now in the strongest period of post-crisis recovery, and we are witnessing an overall positive political situation in Europe. What is sure is that if we want this positive trend to last and consolidate we should not be lulled into complacency. On the contrary, we should use this window of opportunity created by a favourable economic and political situation to make further reforms, strengthen the EU’s capacity to face bad economic weather in the future and mobilise in strategic areas such as the common trade policy, the single market and industrial policy”. This was the core message President Emma Marcegaglia voiced during talks at the official dinner offered by the President of the French Republic Emmanuel Macron during the French International Business Summit “Choose France!” held on 22 January 2018 at the Château de Versailles.