European Union Competitiveness Ministers met today in Brussels to discuss various agenda items, including the European Green Deal for the European Union, which resets the EU’s commitment to tackle climate and environmental related challenges. During his remarks, Minister Schembri remarked that achieving carbon and climate neutrality is a policy in the right direction, however, for this to be achieved, numerous measures have to be taken, including financial incentives and political synergy between all European member states.
Schembri stated that the European position on innovation is fragmented. Businesses are urged to implement innovative ideas, but eventually are hindered from doing so by the banks and institutions, as they deem these projects to be a high-risk venture. This is a result of the overregulation that banks and the said institutions are facing from European institutions.
On this agenda item, Schembri concluded that the one-size-fits-all concept does not work. “The European Union must understand that different geo-political cirucmstances exist between member states. A country like Malta, whose population density rests at 1,867 people per km2, cannot be compared with the European average of 121 people per km2″.
Minister Schembri also shared Malta’s position on the Single Market Performance Report. He remarked that “the better integration of the reforms to the Single Market are in tandem with national reforms”. He underlined that the Single Market is a success story but it has its shortcomings, such as barriers in the area of services.
The Competitiveness Council under the Croatian Presidency has also included the issue of the COVID-19. Member States have shared their concerns on the matter and agreed that the matter will have a negative effect on the European economy. Minister Schembri together with his Spanish and Italian counterparts invited the Commission to reflect on the possible flexibility of the competition policy in particular in the aviation and tourism sector.
The Deputy Permanent Representative Lorenzo Vella and the Competitiveness Attaches Peter Sant and Joseph Lynn Micallef accompanied the Minister during the Council of Ministers.