The forthcoming Presidency of the Council of the EU (Germany), aims to further discuss and analyze the policy objective 1 under the Common Provisions Regulation for cohesion policy that refers to '' a smarter Europe by promoting innovative and smart economic transformation''. In this context, the Presidency has asked the EESC to provide an opinion on how the structural measures and cohesion policy programmes can help in this process. The Presidency plans to present the key findings of this discussion in a High-level conference that will take place on 29th of September where also the opinion of EESC will be discussed.
554th Plenary session, 16-18 September 2020 - Related Opinions
This exploratory opinion was requested by the European Parliament with a view to a forthcoming Commission initiative on fair minimum wages. The question of Decent minimum wages across Europe is a complex and sensitive issue. It is important that any EU action is based on accurate analysis and understanding of the situation and sensitivities in the Member States and fully respects the social partners' role and autonomy, as well as the different industrial relations models.
Global supply chains (GSC) are key and complex in economic activities across the world and in global trade. Economic growth, job creation and entrepreneurship are also contested by evidence of negative implications for working conditions as well as for sustainability in some supply chains.
The COVID-19 crisis has unveiled the serious downfalls related to highly fragmented and undiversified supply chains. It exposed the vulnerability of workers' health and safety, and it highlighted violations of human rights. Trade will have to play a key role in promoting a sustainable economic recovery. However, stronger instruments need to deliver on a socially and environmentally responsible business, trade and investment agenda.
GSC need to become more resilient, diversified and responsible, and ambitious actions need to ensure they contribute to a fairer economic and social model, based on sustainability and decent work.
Europe is embarking on a transition towards climate neutrality and digital leadership. European businesses can lead the way as we enter this new age, as they has done in the past.
Small and medium-sized enterprises (SMEs) are essential to Europe’s competitiveness and prosperity. Based on the new SME Strategy, the EU will support SMEs by:
- encouraging innovation through new funding and digital innovation hubs as part of the sustainable and digital transitions;
- cutting red tape by reducing barriers within the Single Market and opening up access to finance;
- allowing better access to finance by setting up an SME Initial Public Offering Fund (with investments channelled through a new private-public fund) and the ESCALAR initiative (a mechanism to boost the size of venture capital funds and attract more private investment).