​​​​​​Ensure equal market access and competition conditions that enable a level playing field, which is beneficial for US and European economic actors.

This includes the reciprocal reduction of investment barriers as well as the avoidance of new trade restrictions used as retaliation measures. In addition, coordination of export control measures is critical to prevent negative impacts on European or US companies along the semiconductor value chain. Thus, export controls should be implemented multilaterally and in a strategic, targeted manner to address concrete security issues posed by products that are intrinsically sensitive. Extraterritorial rules, which are unilaterally controlled and impact items that clearly do not pose a security threat, should be removed. Furthermore, both sides should guarantee a predictable and transparent licensing process to safeguard level playing field between our countries.