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.
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This own-initiative opinion should answer following questions: Could the EU Single Market benefit from such a technology and how ? What steps could be taken to ensure that EU, its Single Market and its citizens benefit fully from this technology?
It could also reflect on whether and how using blockchain as an overarching infrastructure, in other European policies, could reinforce the European values of the Single Market and make it even more cohesive and democratic.
In its ruling, the General Court did not question the technical necessity of the conformity factors, but considered that the Commission exceeded its implementing powers when establishing the RDE conformity factors through comitology instead of co-decision legislation (= ordinary legislative procedure). The Commission is tabling the legal proposal via the ordinary legislative procedure, as requested by the General Court. The Commission thereby acts to ensure the necessary legal certainty for national authorities, industry and consumers.
The proposed opinion will look at new approaches to more fairly distributing the burden of transformation towards a sustainable Europe.
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.
This Opinion was proposed in line with the Bureau's guidelines for Sibiu (and beyond). On the basis of an analysis of the internal implications for the EU and international trade related issues, the opinion will explore the impact of trade in enhancing the EU's own economic performance.