TOTM
US and EU Clash on Promoting Space Commerce and Innovation
Commercial competition in outer space is expected to grow rapidly, with major economic benefits, including lowered costs, increased innovation, and the development of new industries.
The proposed European Union Space Act, however, threatens to undermine beneficial competition by imposing new regulatory burdens on firms, especially U.S. satellite operators. In contrast, the Trump administration is acting to reduce burdens on space commerce.
The administration may wish to press for elimination of the EU Space Act’s restrictions through international negotiations that focus on reducing anticompetitive market distortions.