May 06, 2015

WASHINGTON – The Information Technology Industry Council (ITI), the global voice for the technology sector’s leading companies, issued the following statement today from President and CEO Dean Garfield regarding the European Commission’s announcement regarding a European Union (EU) “Digital Single Market”:

“The Digital Single Market initiative is an opportunity to reduce barriers to innovation in Europe and stimulate trade in technology products and services across the Atlantic. Unfortunately, elements of the proposal — namely the possibility of a new regulatory framework for ‘online platforms’ — have the potential to do more harm than good. We are concerned that such regulation would penalize the innovation and creativity that have contributed so much to the economies and societies of both Europe and America. Moreover, some have proposed new platform regulation as a way to affect the market position of U.S.-headquartered tech companies. We will carefully review the Commission’s proposals and look forward to working closely with EU officials and other stakeholders to ensure that the policies adopted achieve our mutual objectives with respect to spurring innovation, boosting trade, and driving economic growth.”

In an op-ed published yesterday Garfield warned of the risk that the Digital Single Market initiative – if not pursued carefully – could create a digital “Fortress Europe,” fracturing an open Internet and souring transatlantic relations, while doing little to support innovation in Europe.

# # #

Public Policy Tags: Trade & Investment