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New EU tools to address economic security risks shouldn’t affect competitiveness, BusinessEurope says

( May 24, 2023, 16:21 GMT | Official Statement) -- MLex Summary: While addressing economic security risks through the application of new autonomous measures, the EU needs to make sure they don’t have a negative impact on its own competitiveness, lobby group BusinessEurope argues in its new policy paper. “We call for caution regarding limitations on outbound investment,” said Markus Beyrer of BusinessEurope. He argued that the new tool for screening certain outbound EU investments which the European Commission is planning to propose should apply only “where serious security concerns are effectively proven” and “as a last-resort measure.”Statement with a link to the paper follows. ...

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