When it comes to development and EU-Africa relations, the EESC consistently emphasised the importance of sustainable development and cooperation based on the rule of law and the respect for human rights. Initiatives focused on trade, investment and business relations with Africa could be welcomed, but not to the detriment of traditional development policies focusing on reaching the Sustainable Development Goals (SDGs). EU and Africa leaders agreed in 2015 at the Valletta summit on migration on setting up the EU Trust Fund for Africa (EUTF), as the main instrument of EU external migration policy. The Fund finances the development of border protection capacities, but also long-term development policy projects so as to decrease the likelihood of further migration.
A major effect of the exponentially increasing productivity is that well-being creation (re-) turns from the production of lower costing quantities into the provision of specialized, certified qualities. In that sense the integrated use-value in the supplied goods and services becomes increasingly an important feature that gradually countervails the emphasis on the exchange value (prices). This development is especially advantageous for European producers: European competitiveness concentrates on the ability to provide specialized, diverse qualities, rather than competing in prices against regions with more extended economies of scale.
The EESC is currently drafting an opinion that aims to define what "the sustainable economy we need" should look like by exploring new economic models, investment decisions vis-à-vis technological advances as well as novel indicators for growth and competitiveness.
In this communication, the Commission is taking a three-step approach: setting-out the key requirements for trustworthy AI, launching a large scale pilot phase for feedback from stakeholders, and working on international consensus building for human-centric AI.
A system of corporate liability for human rights abuses is currently being negotiated in the UN, within the UNHRC’s open-ended intergovernmental working group on transnational corporations and other business enterprises concerning human rights (OEIGWG), established by the UN General Assembly on 26 June 2014. The mandate of the working group is to elaborate an international legally binding instrument to regulate, in international human rights law, the activities of transnational corporations and other business enterprises.
The proposed opinion will look at new approaches to more fairly distributing the burden of transformation towards a sustainable Europe.