USCIB, along with other industries and trade associations, has signed a statement addressing the European Commission’s Draft Guidelines on Article 102 Treaty on the Functioning of the European Union (TFEU). The statement highlights concerns about the draft’s potential to reduce legal certainty and undermine pro-competitive conduct by deviating from established economic principles and case law.
The draft guidelines may reduce predictability for businesses and shift away from effects-based economic principles, increasing uncertainty. Additionally, the proposed presumptions could unfairly shift the burden of proof to companies.
USCIB supports clear, predictable, and effects-based guidelines that foster innovation, investment, and competitiveness. While welcoming the initiative, USCIB urges the Commission to align the guidelines with established principles to promote robust competition and benefit businesses and consumers.
Read the full statement here.