EU warns G20 on protectionism – EUbusiness Week newsletter 791 – EUbusiness.com

EUbusiness Week 791 top stories: European Union mulls future finance post-Brexit; Google fined EUR 2.4 bn for breaching EU antitrust rules; Ministers make limited progress on energy efficiency; Green light for new EU rules on organic farming; Brussels announces portable EU pension plan; EU launches action to tackle antimicrobial resistance

Publisher’s Note

More than EUR 27 bn in lost exports could be the cost of the 10 per cent increase in obstacles hindering European exports detailed in this week’s annual Market Access report.

And it is G20 countries – Russia, China, India – who account for the highest number of barriers such as border measures, unjustified regulatory barriers, tariffs or quotas.

So Europe’s challenge for next week’s G20 summit in Hamburg was firm: we will defend Europe against those who do not play by the rules. So ‘walk the talk’, and resist the scourge of protectionism.
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Regards,

Nick Prag
Publisher, EUbusiness

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1. European Union mulls future finance post-Brexit

In its fifth reflection paper on the EU’s future, published Wednesday, the Commission looks at options for financing the EU budget following the departure of the United Kingdom.
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2. Google fined EUR 2.4 bn for breaching EU antitrust rules

The Commission fined Google EUR 2.42 billion Tuesday for giving an illegal advantage to the U.S. search giant’s own comparison shopping service, thus breaching antitrust rules.
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3. Ministers make limited progress on energy efficiency

EU ministers agreed watered-down energy efficiency targets Monday, of 30 per cent by 2030, including an “unambitious” revision of the Energy Performance of Buildings Directive.
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4. Green light for new EU rules on organic farming

After 20 months of discussion, EU Parliament and Council negotiators have reached an informal agreement to overhaul existing EU rules on organic production and labelling of organic products.
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5. Brussels announces portable EU pension plan

The Commission has announced plans for a new class of pan-European pension products, allowing European consumers to benefit from more choice when saving for retirement.
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6. EU launches action to tackle antimicrobial resistance

The EU has launched a new EU action plan to tackle antimicrobial resistance – a growing threat responsible for 25,000 deaths and a loss of EUR 1.5 bn in the EU every year.
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EUROPEAN LAW

Insolvency proceedings: new rules on cross-border insolvency proceedings, first proposed in 2012 and adopted by EU legislators in 2015 to facilitate debt recovery, entered into force throughout the EU on Monday.
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Latest news from the European Court of Justice
EU law firms
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Inside the EU Institutions

Council Watch

EU Agency for Asylum – Carcinogens or mutagens at work – European Memorial for Helmut Kohl – restrictive measures against Myanmar – opening ceremony of Estonian presidency – G20 preparation leaders’ meeting – Simpler rules for users of EU funds – Controls on cash entering and leaving EU – new European rules on organic farming – European fund for sustainable development – temporary trade preferences for Ukraine – inland navigation: mutual recognition of professions
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Council …

Commission Watch

Pan-European Personal Pension – Action Plan on Antimicrobial Resistance – Interoperability of EU information systems – measures to prevent radicalisation and cyber threat – EC approves: acquisition of Magnesita Refratarios by RHI, conditional; French support for construction of EUR 1.3 bn Paris airport express rail line; Swedish tax breaks for employee share options – EU Facility for Refugees in Turkey – EU budget fit for tomorrow – Google fine – Trade and Investment Barriers – disclosure of non-financial information – money laundering, tax avoidance and terrorism financing – cross-border insolvency proceedings
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Parliament Watch

New Asylum Agency – EU job-search aid: EUR 1 million for 339 former coal miners in Spain – Eurojust report on foreign fighters – Organic food: new rules for EU label agreed – EU investment plan to tackle root causes of migration agreed – dialogue with faith leaders on the future of Europe
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EU diary

3 Jul: Research & innovation – shaping our future
3-6 Jul: European Parliament Plenary Session
4 Jul: EU4Business in Moldova
5 Jul: Technology and the Paris agreement
6 Jul: Construction conference: Let’s build changes!
6-7 Jul: EU Partnership Forum 2017
6 Jul: Africa Day 2017
7 Jul: The CAP: Have your say
The Week Ahead
Long-term diary