How China Views Multilateralism [Stakeholder Opinion]

Multilateralism, as we in China understand it, is about seeking consensus through consultation and manage common affairs through cooperation for shared benefits and win-win results. In this sense, China and Europe share a common interest in upholding multilateralism. Fu Ying…

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Briefing – Development of organic production in the EU: 2021-2027 action plan – 28-07-2021

In May 2020, the European Commission published its ‘farm to fork’ strategy – ‘for a fair, healthy and environmentally friendly food system’ – along with the EU biodiversity strategy, as part of the implementation of the European Green Deal. In those strategies the Commission set a target of 25 % of the EU’s agricultural land to be under organic farming by 2030, as well as a significant increase in organic aquaculture. These targets aim to contribute to improving the sustainability of the food system, to reverse biodiversity loss and to reduce the use of chemical substances in the form of pesticides and fertilisers. The Commission’s 2021 work programme set out its intention to prepare an action plan for the development of organic production for the 2021 to 2027 period, and the action plan was published on 25 March 2021. Offering an initial analysis of the action plan, this briefing outlines the measures envisaged and the implications for different stages of the food chain in the EU. It also examines the results of the public consultation launched by the Commission in September 2020 to gather stakeholders’ views on the challenges and opportunities for the organic sector. The views of key stakeholders in response to the publication of the action plan are also covered, along with the initial views expressed by the advisory committees.

Source : © European Union, 2021 – EP

Highlights – Financial services cooperation with the Biden Administration: hearing – Committee on Economic and Monetary Affairs

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ECON – Financial services cooperation with the Biden Administration: hearing – 13.07.21 – NEW
The Committee on Economic and Monetary Affairs will hold a public hearing with experts in order to acquire insight on recent developments in the US in the field of banking and financial services, on 13 July. The hearing will also touch upon the prospects for future cooperation in this field, including in the context of international institutions and fora.

Source : © European Union, 2021 – EP

Briefing – Improving corporate sustainability reporting – 27-07-2021

The European Commission proposed to improve sustainability reporting by revising the non-financial reporting directive 2014/95/EU. The accompanying impact assessment (IA) provides a well-defined problem that is substantiated with evidence, a clear set of objectives that correspond to the problems identified and makes effort to cover SMEs in the consultation strategy. Overall, the evidence used in the IA seems recent and reliable. However, the IA has not set any concrete targets, indicators or timelines for achieving its objectives. The range of options in the IA appears rather imbalanced, the analysis has been predominantly economic and has focused on the effectiveness of meeting the specific objectives and their costs, while the discussion of benefits has remained rather descriptive. Environmental impacts seem to have been completely excluded, the costs of indirect effects on SMEs in the supply chains of large companies have not been quantified and the benefits for listed SMEs have not been elaborated on.

Source : © European Union, 2021 – EP

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