"China is already the EU’s second biggest trading partner and the EU is China’s biggest trading partner. However, a substantial economic potential remains untapped due to the challenges that China’s state-led economy pose", Director General Markus J. Beyrer said at a press conference presenting BusinessEurope’s latest publication: "The EU and China: addressing the systematic challenge". China, Beyrer explained, is currently not moving towards more market-oriented reforms; the EU needs to take its own measures to address the systemic challenges with a view to securing a stronger and fairer economic relationship and levelling the playing field. To make the economic relationship between these two countries stronger and fairer, BusinessEurope proposes four key objectives for the EU to pursue: (1) securing a level playing field between China and the EU; (2) mitigating the impact of China’s government-induced market distortions; (3) reinforcing the EU’s own competitiveness; and (4) ensuring fair competition and cooperation on third markets.
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Croatia will hold the presidency of the Council of the EU for the first time since it joined the EU, from January to June 2020. During the semester, Zagreb will have to deal with important issues such as the future European industrial strategy, the new multi-annual framework for the EU budget and the UK’s departure from the EU. For BusinessEurope, the EU must strive for economic sustainability, since it is the very basis for environmental and social sustainability. In line with our flagship paper "Prosperity, People, Planet - Three pillars for the European Union agenda in 2019-2024", we urge the Croatian Presidency, more particularly, to pursue policies that will enable European business and industry to flourish and innovate, and to ensure that the post-2020 European budget is future-oriented and puts greater emphasis on research, development and innovation. Read our letter
BusinessEurope President Pierre Gattaz and Director General Markus J. Beyrer met European Commission President Ursula von der Leyen to present and discuss the business priorities for the von der Leyen Commission. At a time when Europe is facing a number of internal and external challenges, business is looking forward to contributing constructively to a Europe that provides opportunities for all. At the meeting President Gattaz stressed that a flourishing economy and a business-friendly environment are a prerequisite to reach our environmental and social ambitions. Only if we make our European model successful also economically will we be able to lead the way and promote a sustainable European way of life in the world.
Photo copyright: European Union 2019
"We strongly encourage China’s reforms towards giving the market a more decisive role and opening up its economy to the world", BusinessEurope President Pierre Gattaz said addressing the 3rd China-EU CEO and Former Senior Official’s Dialogue in Beijing, where he and Director General Markus J. Beyrer led a delegation on 25-26 November. There is a growing appreciation in Europe that the balance of challenges and opportunities in our bilateral relationship has shifted. To address this, the EU and China will have to cooperate more and better and build a level playing field on the basis of multilateral rules and reciprocal market access. "A fairer and more dynamic relationship between the EU and China would be enormously beneficial to the Chinese economy", Gattaz told Vice-Premier Hu Chunhua.
BusinessEurope and all its members proposed an agenda for the European Union in a new political cycle in 2019-2024. Prosperity, people and the planet – these are the three pillars for a successful Union that should be a source of inspiration for future political decisions. Speaking at a Parliamentary dinner on 13 November, BusinessEurope President Pierre Gattaz said: "European entrepreneurship has a unique feature. It feels responsible for and cares about prosperity, people and the planet. Companies have a central role to play. Achieving environmental and social goals largely depends on their success: without profitable companies, no inclusive growth, no jobs, no technological solutions to protect the environment." European businesses identified 30 priority areas for action by the EU in the coming five years. Read them here: www.euyourbusiness.eu - Photo Album