The EESC welcomes the Investment Plan for Europe for its contribution to the promotion of investment in the EU. The Committee calls for clearly set investment targets, regulatory simplification and further guidance in order to achieve greater geographical and sectoral balance. The EESC advocates for strengthened financial capacity for the InvestEU programme within the Multiannual Financial Framework 2021-2027 and calls for more efforts to raise awareness among European businesses and citizens about the benefits obtained from the Investment Plan for Europe.
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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 notes that the international role of the euro has not yet recovered to the pre-financial crisis level. Whereas the European Commission's proposed measures are welcome and deemed necessary by the EESC, they may not go far enough given the extent of the euro area's social and economic challenges. Social cohesion, economic upward convergence and the promotion of competitiveness and innovation should be the basis on which the euro area's economy gathers pace and supports a stronger international role for the euro.
At the request of the future Bulgarian presidency of the Council of the EU (January-June 2018), the EESC was asked to prepare an exploratory opinion on the challenges and priorities countries of the Western Balkans are facing in the European integration process, as well as in the area of economic and social cohesion. Western Balkans will be one of the policy priorities of the Bulgarian presidency and a Western Balkans Summit is scheduled to take place in May 2018 in Sofia.
This additional opinion will complement and update the proposals made in the yearly EESC AGS opinion, produced under time pressure, to reinforce the Committee's impact throughout the entire annual semester cycle.
The EESC is a strong advocate of a fair, well-administered and sustainable development policy at EU level. It is also very committed to the cause of greater tax justice. In recent years, questions have been raised as to whether the international tax policies of the Member States, in particular the concluding of certain types of double taxation agreements, are consistent with EU development policy objectives.
The EESC welcomes the Commission's Communication on Further Strengthening the Rule of Law within the Union. It regrets that the short reflection period has not allowed for deeper consultation. The EESC recalls the essential watchdog role played by the civil society, which should be further supported. It reiterates its support for an EU mechanism to monitor rule of law and fundamental rights and proposes to establish an EU stakeholders Forum to debate solutions. The EESC also calls on the Commission to adopt a Strategy on communication, education and citizen awareness concerning these key issues.
The Commission recently published a Communication on a Renewed Partnership with the ACP Group of countries. ACP-EU relations are currently governed by the Cotonou Partnership Agreement that will expire in 2020, therefore the Commission has published recommendations on what the future structure should be. Last year the EESC already drafted a general opinion on the post-Cotonou framework; this new opinion will have to answer specifically to the Commission's communication.