News

Chemicals Strategy for Sustainability: towards targeted improvements based on better regulation

On Tuesday, 9 March AmCham EU published its position paper on the EU Chemicals Strategy for Sustainability. The paper offers a comprehensive overview of the challenges and opportunities that AmCham EU members wish to highlight within this important initiative. It highlights our support for the EU’s ambitions to strengthen the existing framework for EU chemicals policy to help achieve greater sustainability and competitiveness moving forward. It also welcomes some elements of the proposal which help clarify and streamline the system as it currently works. Read our position here.

Euronews announced as Transatlantic Conference media partner

The American Chamber of Commerce to the EU (AmCham EU) is delighted to announce that Euronews will be the media partner of its upcoming Transatlantic Conference, taking place from Wednesday, 24 March to Friday, 27 March. The event will bring together senior EU and US policymakers and business leaders to discuss the future of the transatlantic relationship in a changing global order. The conference programme is available here.

Blues and Schmooze: apero, music and networking

Our first online afterwork networking event, held on Wednesday, 10 March, was a huge hit with the members who joined. The 15-minute performance from musician Kevin Gaudeus was particularly well received. Following this Julie Basecqz, Vice-President of L’Union de artiste gave a moving presentation on the Sparardrap Fund which supports professionals in the creative sector in Belgium. We concluded with a networking session, which was interrupted by a call from members to hear a final song from Kevin. We would like to thank our in-kind sponsors Diageo, The Coca Cola Company and UPS for providing us with pre-event gift boxes. A special thanks goes to our members at UPS who personally ensured that boxes were delivered before the event.

EU and US leaders reset the transatlantic relationship

The American Chamber of Commerce to the EU (AmCham EU) warmly welcomes the announcement made on Friday, 5 March by President von der Leyen and President Biden to suspend punitive tariffs imposed in the WTO aircraft subsidies dispute. The four-month grace period will give time to negotiators to find a commonly-agreed permanent solution to the dispute on permissible aircraft subsidies.

AmCham EU publishes position on Digital Operational Resilience Act (DORA)

The use of technology in financial services is not new. In fact, the financial services industry has always been at the forefront of testing and adopting new technologies to transform the financial services industry, increase competition and efficiency, as well as offering new solutions to its customers. What is new is the speed of innovation we are seeing in recent years covering all aspects of the financial services sector and leading to the development of new business models, services and products.

Amongst these new developments is the use of information and communications technology (ICT), which finds itself at continuously greater use in the sphere of finance, requiring greater security resilience for firms. The Digital Operational Resilience Act (DORA) represents thus a crucial step towards a harmonized EU framework for digital resilience in financial operations. Due to the unique factors coming together in the financial services sector, given its fast evolution, increased diversification and international nature, additional care needs to be taken into consideration in the adoption of the new proposed regulation. Read our position here.

EU-US trade relations under the new Biden Administration: What can the Portuguese Presidency do?

On Thursday, 25 February, AmCham EU and AmCham Portugal together hosted the inaugural Portuguese Presidency series event on EU-US trade relations under the new Biden administration. The panel featured Marjorie Chorlins, Senior Vice-President, European Affairs, US Chamber of Commerce; Tim Figures, Associate Director, Boston Consulting Group; Rupert Schlegelmilch, Director, Directorate-General for Trade, European Commission; and Florian Wastl, Director Public Affairs Europe, Mars and Vice-Chair, Trade and External Affairs Committee, AmCham EU. The discussion was moderated by Roger Coelho, Senior Policy Director, AmCham EU and focused on the prospects for greater transatlantic alignment on trade issues and the role of the presidency in rekindling the relationship in the face of global challenges.

A new industrial strategy for the EU

Industry is a vital sector for the European economy. The EU needs a comprehensive industrial strategy in order to improve the global competitiveness of the region. In light of the ongoing COVID-19 crisis, automatisation of processes, the changing context of the job market and the growing importance of environmental concerns, as well as the uncertain geopolitical outlook, AmCham EU outlines four priorities for a new EU industrial strategy. These priorities include digitising European industry: fostering innovation in people, technologies and processes; creating the right environment for a clean future; accelerating the EU circular economy; reinforcing the rules-based trading system and reinvigorating the transatlantic partnership.

The US rejoins the Paris Agreement

On Friday 19 February, the United States formally rejoined the Paris Agreement. AmCham EU supports the decision President Biden took on his first day in office. It signals his Administration’s intent to tackle climate change through a global framework that engages all players.

In an interview with Euronews, Susan Danger, CEO, AmCham EU, highlighted the important role of business in advancing the objectives of the Paris Agreement. She emphasised the need for a stable and predictable framework for investments. American companies are already researching, developing and investing in low-carbon technologies to reduce their own carbon footprint, but also to provide solutions to other businesses and society as a whole. Watch the segment available in multiple languages here.

Dr Ngozi Okonjo-Iweala’s appointment makes history at WTO

AmCham EU congratulates Dr Ngozi Okonjo-Iweala on being appointed Director-General of the World Trade Organization (WTO) on Monday, 15 February 2021. Her appointment is historic, as she is the first female and the first African to take up the role. Dr Okonjo-Iweala’s mandate begins at a time of many challenges for the organisation, with its negotiation and arbitration mechanisms increasingly called into question. The confirmation of Dr Okonjo-Iweala as Director-General is an important first step in overcoming these challenges. Her track record in the Nigerian government and the World Bank, coupled with her reformist agenda, speak to her credentials to set in motion a modernising programme that can make the WTO fit for the 21st century. Her role must now be to seek consensus for reform across the breadth of the WTO’s member countries.