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Balancing regulation and business growth is always difficult for policymakers. But has the EU turned to overregulation? Our guests believe that red tape in some regions is holding back EU-based companies and is contributing to them losing ground to competitors in other parts of the world. I claim that it is. But he is adamant that finding a solution to this problem does not mean that major EU policy initiatives such as the European Green Deal have to be reversed. Markus Baylor is the Executive Director of BusinessEurope, which represents national employer associations and companies.
“We have a problem,” Byler told France 24’s Armen Georgian. “90% of our members say the situation in their business locations is worse than three years ago. We see that more investments are made outside Europe than within Europe. Compared to our competitors, we find ourselves lagging behind in growth,” he explains.
“As far as growth is concerned, Europe will grow by 0.5% this year, the US will grow by 2.5%, and of course China will grow even more,” Beiler continued. “But more importantly, if you look at the last 10 years, in seven of those 10 years, growth in the United States has been significantly greater than in Europe.”
Beiler admits that the biggest reason for today’s stagnation is high energy prices. But he said BusinessEurope’s members were reporting a “tsunami of regulation” and “too much bureaucracy that has descended on our members over the past decade”. He cited the EU’s Corporate Due Diligence Directive (CDDD), which added reporting requirements for companies, as an example.
“When it comes to CDDD, we are always ready to fulfill our responsibilities. But we have also said that the solution needs to be viable and needs to work for the enterprise. .And what we have now on the table is the following result: “The compromise that was found in Europe a few weeks ago is completely unworkable and imposes obligations on European companies in a unilateral way.” The risk is that some companies may exit markets in Asia and Africa.”
So is Byler suggesting that the solution is to block EU legislation aimed at protecting the environment, biodiversity and labor rights?
“No, no, the solution is to find a balance between these laws,” Byler said.
“We have always supported the Green Deal, and we have always supported the goals of the Green Deal,” he asserts. “But what we are saying is that we are losing out in terms of global competitiveness, so we need to complement the Green Deal with industrial agreements.”
Beiler explains what an industrial agreement would look like. “We need to not only create green jobs, but also green the entire industrial value chain, because we will only succeed if we can make the value chain successful in Europe. is very important.”
The program was created by Sophie Samaille, Perrine Desplat, Paul Guienvalck and Isabel Romero.
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