The Commission proposed a Toy Safety Regulation revising the current rules to protect children from potential risks in toys. Toys put on the EU market are already among the safest ones in the world. The proposed rules will further improve this protection, in particular from harmful chemicals. They also aim at reducing the high number […]
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Commission presents Global Gateway Investment Agenda with Latin America and Caribbean
During today’s EU-LAC Business Round Table as part of the EU-CELAC Summit, President Ursula von der Leyen has presented the EU-LAC Global Gateway Investment Agenda (GGIA), which revolves around the following pillars: a fair green transition, an inclusive digital transformation, human development and health resilience and vaccines. She also announced that Team Europe has committed over €45 billion to support the reinforced partnership […]
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Commission adopts rules for implementing the Foreign Subsidies Regulation
The European Commission has adopted the rules for implementing the Foreign Subsidies Regulation (‘FSR’). The Implementing Regulation details procedural aspects of the implementation of the FSR. It also contains notification forms for concentrations involving foreign financial contributions and for foreign financial contributions in public procurement procedures. The Implementing Regulation The Implementing Regulation adopted takes into account the […]
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According to the European Court of Auditors, Europe is in danger of losing the battery race
The EU risks falling behind in its bid to become a global battery powerhouse, according to a report published by the European Court of Auditors. It is true that the EU’s industrial policy on batteries has been promoted effectively in recent years. But access to raw materials remains a major roadblock, along with rising costs and […]
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The European Commission has presented 5 legislative proposals to support clean and modern shipping
The Commission has presented five legislative proposals to modernise EU rules on maritime safety and prevent water pollution from ships. With 75% of the EU’s external trade being seaborne, maritime transport is not only the artery of a globalised economy, but also a lifeline for the EU’s islands, peripheral and remote maritime regions. Although maritime […]
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La Comisión Europea propone una nueva normativa para proteger a los inversores minoristas en la UE
The Commission has adopted a Retail Investment Package that places the consumers’ interests at the centre of retail investing. The aim is to empower retail investors (i.e. “consumer” investors) to make investment decisions that are aligned with their needs and preferences, ensuring that they are treated fairly and duly protected. This will enhance retail investors’ […]
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First EU-India Trade and Technology Council
The European Union and India have held their first ministerial meeting of the Trade and Technology Council (TTC) today in Brussels. The TTC is a key forum to deepen the strategic partnership on trade and technology between the two partners. Geostrategic challenges have reinforced the EU and India’s common interest in ensuring security, prosperity and […]
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Eurogroup discusses banking union and capital markets union and progress on the digital euro project
Eurogroup, 15 May 2023 Agenda highlights In usual composition: Macroeconomic developments in the euro area The Commission presented its spring economic forecasts. On this basis, the Eurogroup exchanged views on the economic outlook and the challenges for future policy coordination. Spring 2023 Economic Forecast Business: structural challenges ahead in a context of heightened geopolitical tensions […]
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EU trade in high-tech products up in 2022
In 2022, the EU imported €482 billion worth of high-tech products from extra-EU countries (+22% compared with 2021). Exports to these countries reached €446 billion (+16% compared with 2021). More than half of imports from China and the United States In 2022, over half of the EU’s high-tech imports from non-EU countries came from China (38%; €183 billion) and the United States (19%; €91 […]
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