The proposed European Competitiveness Fund (ECF) within the Multiannual Financial Framework (MFF) package raises serious concerns about legal certainty, market openness and the proportionality of restrictions. Specifically, the introduction of EU preference in EU funding instruments as currently proposed would negatively impact long-standing cooperation between international companies from allied countries and undermine the EU’s ability to leverage the expertise and resourcing of US companies that have a long-standing commitment to and investment in the EU. The ECF in its design should seize the opportunity to strengthen the EU’s competitiveness by ensuring predictable eligibility criteria, increasing transparency and stakeholder involvement, and leveraging industrial partnerships.

See more in AmCham EU's submission to the Call for Feedback on the ECF below.