How Will EU Space Law Impact US National, Strategic, and Commercial Interests | Space

Earlier this year, the six-month-long Belgian rotating presidency of the Council of the European Union set as its policy priority the creation of a unified strategic space framework encapsulated by EU Space Law (EUSL). The framework aims to systematize existing guidelines and avoid possible legal fragmentation stemming from EU member states’ discrete domestic laws regarding space. At present, there are eleven EU countries with national space laws, which cover a broad spectrum of activities ranging from satellite launches and operations to space debris management and international cooperation agreements. This fragmentary approach to space management prevents the bloc from acting as a “single market” for space and stunts its competitive edge in the emerging space economy. Yet, a more unified EU approach may prospectively limit market access and investment opportunities for US commercial space actors on the continent and pose significant threats to US economic and strategic interests. The establishment of new regulatory frameworks by the EU could create excessively bureaucratic barriers to entry for US firms, leading to a competitive disadvantage and erosion of US leadership in technological innovation.

EU’s Ambitions in Space Governance

In the dynamically evolving arena of highly innovative space exploration, the European Union aims to fortify its presence and…

Source moderndiplomacy.eu

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