White Paper on Foreign Subsidies
On 17 June, the European Commission published its White Paper on levelling the playing field as regards foreign subsidies. The White Paper responds to the problem of distortive effects of subsidies granted to companies by non EU-countries within the internal market.FIEC has been pointing to this problem for many years. In fact, Chinese state-owned enterprises have been awarded several public works contracts in recent years being able to undercut their European competitors thanks to subsidies. Hence, FIEC warmly welcomes the European Commission’s initiative.
European Parliament adopts EU Taxonomy
On 18 June, the European Parliament definitively approved the regulation laying down the basis for the EU Taxonomy which classifies under which conditions an economic activity can be considered as environmentally sustainable. With the vote in the European Parliament, the regulation became EU law.As foreseen in the regulation, the European Commission will now develop a first set of delegated acts setting out technical criteria that economic activity has to meet to be labelled as environmentally sustainable. In addition, on 18 June, the European Commission launched a call for experts for the future Platform on Sustainable Finance which will take the form of an expert group and assist the European Commission in further developing the EU Taxonomy.
FIEC position on updating the Machinery Directive
It is expected that in early 2021, the European Commission will make a proposal to update the Machinery Directive in order to better take into account new developments, in particular digitalisation.FIEC considers that the Machinery Directive is a very important instrument for the construction industry. While some changes are needed, its basic approach must be left unchanged. In particular, health and safety requirements must remain the highest priority. Also, FIEC appreciates the principle of technological neutrality which should prevail in the revision. A very important point which should be looked at during the revision process is that the Machinery Directive needs to legally ensure that the obligations from the manufacturers are not transferred to the users.
#EU4FairWork social media competition
How has your business recently benefited through declared work? Do you want to spread the message that declared work pays off and encourage other companies to play fair? If so, we want to hear from you! Enter the #EU4FairWork competition by 21 August 2020 to win prizes and spread awareness!
Click here to take part: https://dff46c7e.wishpondpages.com/eu4fairwork/
Fair work, fair play.