Economic Impact Assessment of EU Rules on Innovation

EU Specialty Food Ingredients commissioned and economic impact assessment setting out the impact of EU rules on innovation. The author, economist Graham Brookes, exposed significant challenges for regulators and industry for creating a regulatory environment that meets the EU's innovation ambitions in the food sector. His study concludes that inefficiencies and uncertainties about new regulations are currently discouraging investment in research and undermining the competitive position of Europe's food manufacturers. In particular, his report highlights the need to streamline approval processes and decrease time to market, pointing to the lengthy and unpredictable EU comitology procedures as placing a significant brake on innovation.

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