In this opinion, the EESC fully supports the priorities identified by the Commission and reiterates the need for a cohesive European response. The EESC also stresses that removing barriers is key and that regulatory simplification must take place with full respect for social and workers’ rights. Finally, it calls on the Commission to put forward legislative proposals to address regional supply constraints.
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The EESC welcomes the overall positive trade balance of the EU and calls for measures to maintain it, while recommending targeted support for strategically important industries, stronger investment conditions, and effective financing through the Single Market, the Savings and Investments Union, and a more integrated capital market. The EESC also underlines the need to support ambitious companies entering global markets, ensure opportunities for highly skilled professionals, simplify procedures without undermining social and environmental standards, create fiscal space for growth-enhancing investments, and strengthen multilateralism through new trade agreements and WTO reforms.
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Given the significance of the provision of public goods for the well-being of the citizens, the EESC believes that particular attention should be paid to providing these European public goods (EPGs) and identifying them in the next multiannual financial framework (MFF) post-2027.
Special attention must be given to ‘functional EPGs’ – those linked to Article 3 TEU – that can ensure the normal functioning of the EU: the completion of the single market; the completion of the economic and monetary union; economic, social and territorial cohesion; EU open strategic autonomy (e.g. the joint EU health policy, food security, the EU energy union); defence and security; EU research and development; and the rule of law.
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The EESC assesses how the EU’s sustainable finance framework can be made more robust and fit for purpose given its importance for the EU’s economic, social and climate objectives. The EESC affirms that simplification should not come at the cost of ambition. While administrative streamlining is needed, the focus should be on how requirements can be implemented more effectively, not on weakening standards. The EU’s regulatory strength and predictability are important competitive advantages that should be preserved amid growing geopolitical and economic uncertainty.
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