BusinessEurope Director, Markus J. Beyrer, has welcomed the European Commission's proposals on economic security, stating that "Today’s EU economic security package brings much-needed clarity to the Commission Strategy announced in June 2023." Beyrer emphasized the importance of a more European approach on export controls and inbound Foreign Direct Investment (FDI) screening, highlighting the significance of coordinated implementation to mitigate security-related risks and safeguard the single market.
Beyrer also expressed approval for the gradual approach to outbound investment screening, noting that it aligns with BusinessEurope's perspective. He stated, "Identifying problems, assessing risks, and using the EU's existing toolbox more effectively before considering new instruments aligns with our perspective." Beyrer cautioned against additional burdens for companies resulting from data collection, emphasizing the need to balance effective security measures with business operations.
In concluding his response to the Commission's proposals, Markus J. Beyrer affirmed that "Business is ready to engage in the debate on measures that have an impact on investments and European competitiveness." This indicates a willingness from the business community to actively participate in discussions surrounding economic security measures that could influence investments and the overall competitiveness of European enterprises.