Proposed Space Act Could Open More Export Markets, EU Says
The European Commission's newly proposed EU Space Act includes language intended to help commercial space exporters find new customers outside the bloc, the commission said this week. The law is mainly aimed at harmonizing space-related regulations across the EU, including through new safety and sustainability rules, but it could also make commercial space firms grow "more competitive in Europe and its export markets."
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The proposal says a more integrated EU commercial space industry would "open the door to new markets" for small and medium-sized businesses, "expanding the size of the relevant Union market and fostering innovation." The proposal would "create a common level playing field at Union level, ensuring that Union space operators do not suffer from distortion of competition by space operators established outside the Union and benefiting from less stringent standards. The possibility to have mutual recognition could ultimately enhance the market share of Union space operators."