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The EESC emphasises that the designing of proposals for new sources of own revenues should be done in context of the budgetary pressures faced by Member States following the pandemic and the ongoing international tensions. This has become all the more important in the current higher interest rate environment. The EESC also emphasises that the second set of own resources measures should be in line with the proportionality and social fairness principles. An EU-wide tax on digital transactions could be potentially considered to increase own resources in case the agreed rules of the OECD/G20 Inclusive Framework are not respected by other major trading partners.
The main objective of this opinion is to deliver, eight years after its official launch, an EESC assessment of the state of play of the Belt and Road Initiative (BRI), a soft-power tool through which China has assumed a new strategic geopolitical position on the world chessboard. In this context, the EESC needs to investigate what impact the BRI can have on the EU's policies such as twin transition, open strategic autonomy, access to critical technologies and critical raw materials, security and defence, TEN-T network, foreign direct investments, EU screening, etc.