Dombrovskis: Subsidies Have A Role But Should Not Interfere In Markets

EU Commission Executive Vice-President Valdis Dombrovsksi and US Trade Representative Katherine Tai have delivered a joint press conference following discussions on the Inflation Reduction Act on the margins of the World Economic Forum at Davos, Switzerland.

• Dombrovskis, regarding challenges presented by the IRA: "Our dedicated task forces continues to work."
• Dombrovskis: "The EU remains committed to finding workable solutions in this forum, however we need to make further progress in negotiations or we will face even strong calls for the EU to respond."
• Dombrovskis: "The EU wants to avoid this as going down the route of discriminatory subsidies or tax credits is problematic, especially as we face so many common challenges. Yes, subsidies have a role to play [in the green transition] but subsidies must not come at the cost of well functioning markets."
• Dombrovskis: "The EU and US should be building an open transatlantic marketplace for our innovators and investors but for this we need to have the same rules for the game."