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About the EU economic security package "EU rules should boost investment, not hinder it!"
Date
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• "European investments abroad do not jeopardize public security and order in the EU. Insofar as they are linked to technology transfer, the EU's security interests are already protected by export controls for sensitive technology."
• "European foreign investments are necessary to improve the international competitive position of European investors. They ensure the economic success of the EU and should, therefore, be supported rather than hindered."
• "The VDMA is also skeptical about the proposal to revise the control of foreign direct investment in the EU. A revision only five years after entry into force will lead to legal uncertainty for companies. This is unjustified."
• "The economic security package also includes the creation of a "White Paper on Export Controls". The VDMA reaffirms its critical stance towards the EU harmonization of export controls. So far, every harmonization step taken by the EU Commission has made export controls more complex and complicated, with even more bureaucracy for the companies concerned, without leading to improvements."