Sektionen för inre marknaden, produktion och konsumtion (INT) - Related Opinions

EU rules on late payments have triggered a reduction in payment delays. However, still more than 60% of businesses in the EU are not paid on time and small and medium-sized enterprises are most affected. The initiative will provide relief to SMEs by revising existing EU payment rules based on available and upcoming evidence to promote a definitive shift towards a culture of “prompt payment".

The future Belgian presidency of the Council of the European Union asked the EESC to provide their insights on the rethinking of the internal market in light of the acceleration of the Union’s twin transitions towards a green and digital economy and on crafting a European Industrial Strategy that positions industries as the backbone of Europe's economy.

The purpose of the opinion is to contribute to the further development of the foresight in the EU policy-making. The opinion will comment on the Commission's 2023 Annual foresight Report, which focused on the sustainability and people's wellbeing at the heart of Europe's Open Strategic Autonomy.

This initiative reports on the application and impact of EU rules on payment services, as required by the review clause of the Second Payment Services Directive and announced in the Commission´s retail payments strategy of 2020.