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NFTC Statement on Digital Markets Act

Washington D.C. - National Foreign Trade Council (NFTC) President Jake Colvin today issued the following statement following the announcement that the EU Parliament and Council negotiators finalized the Digital Markets Act:

"We are concerned that the EU has decided to move forward with the Digital Markets Act (DMA) without addressing key concerns articulated by the Biden-Harris Administration and Congressional leaders. Regrettably, the DMA appears to continue to target U.S. companies and exempt EU, Russian, and Chinese rivals from scrutiny while jeopardizing common transatlantic approaches to due process and the protection of intellectual property, privacy, and security.

"At a time when the United States and Europe should be seeking every opportunity to strengthen transatlantic economic and geopolitical alliances in response to Russia's invasion of Ukraine, efforts by Brussels to target American technology providers undermine private and public cooperation to advance free expression, counter disinformation and address growing cybersecurity threats.

"We urge the EU to work with the United States, including through the Trade and Technology Council, to ensure non-discriminatory policy frameworks and initiatives to enhance transatlantic security and growth and promote shared values."

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About the NFTC
Serving America's Global Businesses Since 1914 - The National Foreign Trade Council (www.nftc.org) is a leading business organization advocating an open, rules- based global trading system. Founded in 1914 by a broad-based group of American companies, the NFTC now serves 100 member companies through its office in Washington D.C