CBI responds to EU Industrial Accelerator Act announcement

Sean McGuire, CBI Director of Europe and International, said:

“The IAA’s recognition of ‘trusted partners’, grounded in openness and reciprocity within EU Free Trade Agreements, is a positive and pragmatic step forward. Policymakers must now ensure that any new framework enhances mutual competitiveness, deepens European and UK-EU industrial cooperation, and avoids unintended consequences for the many businesses that rely on integrated, cross-border supply chains and predictable trade.

At a time of growing global instability, it is more important than ever to fully leverage the UK and EU’s deep economic ties. Future regulation should strengthen — not undermine — this partnership. Making that commitment clear must be a central priority at the forthcoming EU-UK Summit.”