In-Depth Analysis – Economic Dialogue with Spain – 09-07-2021

Minister Andrej Šircelj, Minister of Finance of Slovenia, is participating in the ECON Committee in his capacity of President of the ECOFIN Council during the Slovenian Presidency (July-December 2021). In accordance with the Treaty of the Union, “Member States shall regard their economic policies as a matter of common concern and shall coordinate them within the Council”.
This briefing provides an overview of the Slovenian Presidency priorities in ECON matters, including the Council’s work relating to the implementation of the European Semester for economic coordination, notably the application of the Recovery and Resilience Facility and deepening of the Economic and Monetary Union (EMU).

Source : © European Union, 2021 – EP

This in-depth analysis summarizes the main effects of the Customs Union (CU) on EU-Turkey trade and the economic situation in Turkey. Whereas the CU offers Turkey several economic benefits, it also implies some downsides, in particular asymmetric tariffs in relation to third countries. Against the background of the dynamic development of EU-Turkey relations, the authors assess the impact of four different options for developing EU-Turkey economic and trade relations:
(i) Continuation of the current Customs Union framework as it stands,
(ii) Modernization and upgrading of the Customs Union,
(iii) A transformation of the bilateral trade relations into a deep and comprehensive free trade agreement (DCFTA),
(iv) Suspension of the Customs Union (in which case WTO rules would apply).
The in-depth-analysis describes the options, the challenges the EU-Turkey Customs Union faces and seeks solutions for these issues.

Source : © European Union, 2021 – EP

Artificial Intelligence (AI) enabling smart urban solutions brings multiple benefits, including more efficient energy, water and waste management, reduced pollution, noise and traffic congestions. Local authorities face relevant challenges undermining the digital transformation from the technological, social and regulatory standpoint, namely (i) technology and data availability and reliability, the dependency on third private parties and the lack of skills; (ii) ethical challenges for the unbiased use of AI; and (iii) the difficulty of regulating interdependent infrastructures and data, respectively. To overcome the identified challenges, the following actions are recommended: • EU-wide support for infrastructure and governance on digitalisation, including high performance computing, integrated circuits, CPUs and GPU’s, 5G, cloud services, Urban Data Platforms, enhancing efficiency and ensuring at the same time unbiased data collection. • Inclusion of urban AI in EU research programs addressing data exchange, communication networks and policy on mobility and energy, enhancing capacity building initiatives, also through test and experimentation facilities. • Harmonising AI related policies in the EU, taking into account the context specificity: necessary research. • Adoption of innovative procurement procedures, entailing requirements for technical and ethically responsible AI.

Source : © European Union, 2021 – EP