Insurance Europe has responded to a consultation conducted by the European Commission on its proposal for a regulation for an anti-coercion instrument (ACI).
Insurance Europe strongly supports the aim of the proposal: ie to empower the EU to react when a third country adopts or threatens to adopt measures to pressure either the EU or a member state into making a particular policy choice.
The ACI must, however, be balanced and should not be used as a tool to obtain EU political objectives and, furthermore, must not be used as a protectionist tool. Moreover, it is of the utmost importance that the EU remains open to international trade and investment.
With that in mind, the ACI must: