The digital world is a fully regulated sector with a wide range of new and updated rules.
Today, up to 30% of EU tech companies resources can be taken up by compliance instead of focusing on the company’s growth and innovation. In a world where competition for tech developers is fierce and global, it puts EU companies’ attractiveness at risk.
The EU should allow for existing rules to take effect and make a thorough assessment of these rules, before introducing new regulation in the same areas. When assessing the impact of future EU rules, regulators should also consider the compliance costs for EU tech. European rules should complement each other, not clash or duplicate efforts.
When developing new EU rules or reviewing existing ones, we should get rid of old laws to prevent an ever-growing pyramid of regulations
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About the EUTA
The European Tech Alliance (EUTA) represents leading European tech companies that provide innovative products and services to 500 million users. Our 30 EUTA member companies from 14 European countries are popular and have earned the trust of consumers.
As companies born and bred in Europe, for whom the EU is a crucial market, we have a deep commitment to European citizens and values.
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