Consultation on the First Review of the Digital Markets Act

The American Chamber of Commerce Ireland (AmCham Ireland) welcomes the opportunity to contribute to the European Commission’s consultation on the first review of the Digital Markets Act (DMA). Ireland, as home to many leading MNCs plays a unique role within the EU and as such experiences direct impacts of regulatory changes across numerous sectors of significant importance to the domestic and European economy.

AmCham Ireland, as the collective voice for US companies in Ireland, recognises the need for continued innovation and competition in the economy, at home and across the European Union, as critical to sustainable long-term growth within the EU. It is vital that regulation helps to unlock the potential of businesses, and the future investment these businesses will bring to the European economy. Conversely, it is of paramount importance that regulations within the EU do not hinder that growth through a lack of clarity, undue complexity, and unanticipated impacts.

While the principles of the DMA are well established, there exists significant concerns among the business community regarding the implementation of the DMA, and a range of unintended consequences directly flowing from the DMA.

These issues are resulting in sub-optimal end user experiences, lost revenue across the business community, in particular among SMEs, an undermining of EU competitiveness and innovation, and an opportunity cost to European growth from investor uncertainty.

In alignment with the sentiment contained within the Draghi Report, AmCham Ireland is of the view that regulations work best when they support the growth of businesses while providing the necessary safeguards. As such, the Commission should make the necessary adjustments to ensure the DMA is fit for purpose, works in conjunction with other pieces of EU legislation, and contributes to future economic growth.

Read AmCham's full submission here