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Transatlantic News
Transatlantic News
16
Dec
Today, the European Commission and the High Representative presented a Joint Communication on strengthening Economic Security. It outlines concrete steps to reinforce the EU's strength and resilience in the face of growing external economic threats, while retaining our openness and commitment to international trade and investment.
The Joint Communication builds on the Economic Security Strategy of 2023 which set the overarching economic security objectives of promoting industrial strengths, protecting European interests and partnering with like-minded countries.
This Communication sets out the EU's strengthened approach to addressing risks, using all...
16
Dec
The Commission today presented the Automotive Package to support the sector's efforts in the transition to clean mobility. It sets an ambitious yet pragmatic policy framework to ensure 2050 climate neutrality and strategic independence while providing more flexibility to manufacturers. It also responds to calls by EU industry to simplify rules.
The automotive sector has been key to Europe's industrial strength for decades, sustaining millions of jobs and driving technological innovation. As the world is changing, the car industry is transforming through new technologies and...
12
Dec
Governing Council endorses recommendations of High-Level Task Force on Simplification, which include:
reducing the number of elements in the risk-weighted and leverage ratio framework
introducing a materially simpler prudential regime for smaller banks, which expands on the existing EU regime
introducing a European governance mechanism that takes a holistic view of the overall level of capital
finalising the savings and investment union – including completion of the banking union – to foster cross-border integration and allow for more efficient...
12
Dec
The Commission welcomes today's decision by EU Member States to introduce a €3 customs duty per item on e-commerce parcels valued below €150, starting in July 2026. The new duty will help protect the competitiveness of European businesses by levelling the playing field between e-commerce and traditional retail.
Given the rapid increase in e-commerce goods being imported into the EU, the Commission and Member States have together acknowledged the need for an urgent solution, which will bridge the gap until the setting up of the EU Customs Data Hub in 2028, as part of the EU customs reform.
The Council and the Commission are working to enable the implementation of...
11
Dec
The Council’s presidency and the European Parliament’s representatives reached today a provisional political agreement on the revision of the foreign direct investment (FDI) screening regulation. The updated framework aims to strengthen the EU’s ability to identify, assess and address risks posed by certain foreign investments, while preserving the openness to global trade and investment.
The revised regulation builds on the functioning of the current FDI screening framework, which is key to safeguarding public order and security across the EU. The agreement strengthens the...
09
Dec
Remarks by Olivér Várhelyi, Commissioner for Health and Animal Welfare of the European Commission at the conclusion of an Implementation Dialogue on import controls with stakeholders.
Thank you, thank you very much.
And thank you very much for showing interest.
As you know, food safety is central to my mandate as European Commissioner for Health and Animal Welfare.
We have a very extensive and robust body of legislation in this area to safeguard animal health and welfare, but also when it comes to plant...
09
Dec
by Piero Cipollone and Valdis Dombrovskis.
The ECB plans to prepare for the potential issuance of the digital euro by 2029, assuming the European co-legislators adopt the necessary regulation by 2026. Preparatory steps, including pilot exercises and initial transactions, could begin as early as mid-2027.
From barter to coins to banknotes to cards, the payment systems Europeans have relied on have never stopped evolving. Throughout history, innovations have made these systems increasingly sophisticated, efficient and convenient. Today, technology is transforming our...
08
Dec
The EU and Canada reinforced their cooperation and reaffirmed shared interests to boost competitiveness, innovation and economic resilience during the first Digital Partnership Council held today in Montreal, Canada. The Council took place back-to-back with the G7 Industry, Digital and Technology Ministerial meeting, hosted by Canada.
Both the EU and Canada have launched strategies to strengthen their competitiveness and digital sovereignty and reiterated the importance of supporting companies, especially small and medium-sized (SMEs), with smart regulations.
Co-chaired by Executive Vice-President of...
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