29 Nov 2018
EUROPEAN COMMISSION DAILY NEWS – 29 NOVEMBERBrussels Daily
Commissioner Moscovici attends G20 meeting of Finance Ministers in Buenos Aires, Argentina
Pierre Moscovici, Commissioner for Economic and Financial Affairs, Taxation and Customs, will attend today’s G20 meeting of Finance Ministers in Buenos Aires, Argentina. This is the fourth meeting of the G20 Finance Ministers in 2018 and will be used to prepare the G20 Leaders’ Summit, which will begin tomorrow, Friday, 1 December 2018. Commissioner Moscovici will participate in a forum on “The European Union’s contribution to long term sustainable investing”.
Commission welcomes agreement on horizontal safeguard regulation
The European Parliament, the Council and the Commission reached yesterday afternoon a political agreement on an EU horizontal safeguard regulation. The agreed regulation will make it easier for the EU to react in case of a sudden surge of imports under bilateral trade agreements, thus preventing possible negative economic effects. Commissioner for Trade Cecilia Malmström said: “The objective of trade agreements is to increase trade flows between partners. With this regulation, the EU will now be well equipped to remedy more efficiently situations where imports increase to the extent that they cause serious economic damage to EU companies. I count on the European Parliament and Member States to swiftly approve the regulation agreed today.” Following the agreement reached today, the process will now become more efficient, but also more coherent, as the same rules will be applied under all future EU trade agreements. In the past, the EU adopted separate regulations for the implementation of the bilateral safeguard clauses for each individual trade agreement, even if the rules put in place for each agreement were very similar. It is now up to the European Parliament and the Member States to confirm the political agreement reached today and give the final greenlight to the proposal before it can enter into force. For more information, see the news item online.
“The #EUROat20: an extraordinary journey” event on 3 December
As the 20th anniversary of the euro approaches, the European Commission will mark the singly currency’s extraordinary journey with an event on 3 December in Brussels, at Bibliothèque Solvay. Among the speakers at the event are European Commission Vice-President Valdis Dombrovskis, Commissioner Pierre Moscovici, former President of the European Central Bank Jean-Claude Trichet, Chair of the Supervisory Board of the Single Supervisory Mechanism at the ECB Danièle Nouy and Spanish Minister for Economy and Business Nadia Calviño. The event will launch an interinstitutional campaign to mark the 20th anniversary of the euro and will be web-streamed on the event webpage and by EbS and tweeted live by @ecfin with the hashtag #EUROat20.