Electrification is gaining momentum across many sectors, including transport, buildings and industry, driven by the EU's climate ambition and security of supply. As the cost of renewable energy technologies like solar and wind continues to fall, electrification presents an opportunity to reshape the European economy, enhancing competitiveness and promoting sustainable growth.

EPRS Science and Technology podcast - What if electrification transformed the EU economy?

For two decades, the EU has sought to modernise its preferential trade relationship with the sub-Saharan African, Caribbean and Pacific (ACP) countries and establish free trade areas with regional groupings under so-called economic partnership agreements (EPAs). These are free trade agreements that allow ACP countries to continue exporting their products to the EU duty free and quota free, while ensuring full compliance with World Trade Organization (WTO) rules. EU goods should also benefit gradually from full liberalisation, though with numerous exceptions related to goods ACP countries wish to protect from external competition, particularly agricultural products.

EPRS policy podcast - EU economic partnership agreements with ACP countries: Which way forward?

In March 2018, the EU introduced a legislative package on the fair taxation of the digital economy. It contained proposals for an interim and a long-term digital tax. However, there was no immediate political agreement in the Council. As finding a global solution at the OECD level or a coordinated EU approach was not yet feasible at the time, some Member States started designing or implementing their own digital taxes, which gave rise to trade tensions. In this podcast, we talk about taxing the digital economy. We analyse the main challenges, look at EU proposals and new developments to make international tax regimes fit for the digital age.

EPRS policy podcast - Taxing the digital economy: New developments and the way forward

In the first two decades of the 21st century, with new risks and opportunities arising owing to the twin digital and green transformations there is an emerging debate, rethinking economic growth theories with more focus on inclusion and combatting inequality, and exploring the relevance of traditional welfare state models. This debate has intensified in the wake of the 2008 crisis, and now also as a result of the coronavirus pandemic and crisis. The social economy can play a central role in this context.

EPRS policy podcast - What future for the social economy?

Epidemier og pandemier kan have vidtrækkende og varige konsekvenser for økonomien. EU har i krisetider en rolle at spille med hensyn til at bistå lande i forbindelse med koordineringsarbejdet og til at yde finansiel bistand.

De økonomiske konsekvenser af epidemier og pandemier

Epidemier og pandemier kan have vidtrækkende og varige konsekvenser for økonomien. EU har i krisetider en rolle at spille med hensyn til at bistå lande i forbindelse med koordineringsarbejdet og til at yde finansiel bistand

Despite significant medical progress over the last centuries, infectious diseases such as influenza or malaria still represent a considerable threat to society. While some are endemic to specific geographical regions, others can spread, becoming epidemics or pandemics. While the first and most crucial aspect of an epidemic is, and will always remain, the loss of human life, the spread of a virus can also have important repercussions for national or regional economies. The evidence reported in various studies indicates that epidemic disease impacts on a country's economy through several channels, including the health, transportation, agricultural and tourism sectors. At the same time, trade with other countries may also be impacted, while the interconnectedness of modern economies means that an epidemic can also implicate international supply chains....

Economic impact of epidemics and pandemics

The Committee on Economic and Monetary Affairs (ECON) is a committee of the European Parliament which is responsible for the regulation of financial services, the free movement of capital and payments, taxation and competition policies, oversight of the European Central Bank, and the international financial system. It is currently chaired by Irene Tinagli.

ECON - Committee on Economic and Monetary Affairs

Economic Dialogues are held in order to enhance the dialogue between the EU institutions on the application of economic governance rules and with Member States, if appropriate, to ensure greater transparency and accountability.

Representatives of Member States, the European Commission, the President of the Council, the President of the European Council and the President of the Eurogroup can be invited to discuss economic and policy issues before the competent Committee of the European Parliament.

The European Semester is the framework for integrated surveillance and coordination of economic and employment policies across the EU. Since its introduction in 2011, it has become a well-established forum for discussing EU countries’ fiscal, economic and employment policy challenges under a common annual timeline. It's being adapted to take into account the creation of the Recovery and Resilience Facility. The implementation of Member States’ recovery and resilience plans will drive their reform and investment agenda for the years ahead. The European Semester, with its broader scope and multilateral surveillance, will usefully complement the implementation of the recovery and resilience plans.

During the last economic dialogue, on 7 February 2022, Valdis Dombrovskis, Executive Vice-President for An Economy that Works for People, and Paolo Gentiloni, Commissioner for Economy, debated with Members from the Committee on Economic and Monetary Affairs ECON the fiscal part of the Autumn Package of the 2022 European Semester and in particular overall assessment of the 2022 draft budgetary plans and policy guidance on the appropriate fiscal stance.

Economic Dialogue

The European Union produces more than&nbsp;2.2 billion tonnes of waste every year. It is currently updating its&nbsp;legislation on waste management&nbsp;to promote a shift to a more sustainable model known as the circular economy.

The circular economy is a&nbsp;model of production and consumption, which involves sharing, leasing, reusing, repairing, refurbishing and recycling existing materials and products as long as possible. In this way, the&nbsp;life cycle of products is extended.

In March 2020, the European Commission presented the circular economy action plan,&nbsp;&nbsp;which aims to promote more sustainable product design, reduce waste and empower consumers, for example by creating aright to repair). There is a focus on resource intensive sectors, such as&nbsp;electronics and ICT,&nbsp;plastics,&nbsp;textiles&nbsp;and construction.

In February 2021, the Parliament adopted a resolution on the&nbsp;new circular economy action plan&nbsp;demanding additional measures to achieve a carbon-neutral, environmentally sustainable, toxic-free and fully circular economy by 2050, including tighter recycling rules and&nbsp;binding targets for materials use and consumption&nbsp;by 2030.

In March 2022, the Commission released the&nbsp;first package of measures&nbsp;to speed up the transition towards a circular economy, as part of the circular economy action plan. The proposals include boosting sustainable products, empowering consumers for the green transition, reviewing construction product regulation, and creating a strategy on sustainable textiles.

In November 2022, the Commission proposed&nbsp;new EU-wide rules on packaging. It aims to reduce packaging waste and improve packaging design, with for example clear labelling to promote reuse and recycling; and calls for a transition to bio-based, biodegradable and compostable plastics.

Circular economy

The CETA negotiations were launched in May 2009 and concluded in September 2014. The EU and Canada signed the agreement on 30 October 2016. In 2015 the EU imported goods from Canada worth €28.3 billion and exported goods to it worth €35.2 billion, a figure that is expected to rise by more than 20% when the agreement is implemented in full.

The CETA will remove customs duties, end restrictions on access to public contracts, open-up the services market, offer predictable conditions for investors and help prevent illegal copying of EU innovations and traditional products. 
In response to parliamentary pressure, the controversial investor-state-dispute settlement mechanism was replaced by the Investment Court System so as to ensure government control over the choice of arbitrators and enhance transparency.

Comprehensive Economic and Trade Agreement (CETA)

ECB President Christine Lagarde will brief MEPs on the state of European and global economic affairs and the European Central Bank’s activities, followed by a debate with MEPs. On Tuesday, MEPs will adopt their annual set of recommendations for the ECB on which issues it should prioritise.

Debate on the state of the EU economy and ECB activities with Christine Lagarde

The day after Donald Trump’s inauguration on  20 January, MEPs discuss the implications of his second term for transatlantic relations, with representatives from the Polish Council Presidency and the Commission . The debate is expected to focus on support for Ukraine, relations with Russia, China, the Middle East, climate change, and trade. MEPs are also expected to bring up  security issues, in light of Donald Trump’s repeated demands that Europe spend more on defence. Speaking in the Committee on Foreign Affairs recently, NATO Secretary-General Mark Rutte warned MEPs that “NATO’s current two percent defence spending target is not nearly enough (...) to stay safe.”

Debate on the geopolitical and economic implications under Trump administration

Members of the Economic and Monetary Affairs Committee hear from Christine Lagarde, first in her capacity as President of the European Central Bank and then as Chair of the European Systemic Risk Board. Economic governance, geo-political risks, and the cost of living are all expected to feature prominently in the discussions. The hearings are followed by another debate with Dominique Laboureix, Chair of the Single Resolution Board (Wednesday).

ECON-Monetary dialogue with Christine Lagarde

Teresa RIBERA RODRÍGUEZ was the Third Deputy Spanish Prime Minister and Minister for the Ecological Transition and the Demographic Challenge. She is now Executive Vice-President-designate of the European Commission for a Clean, Just and Competitive Transition, for the von der Leyen Commission II.

Confirmation hearing of Teresa RIBERA RODRÍGUEZ, Executive Vice-President designate, Clean, Just and Competitive Transition

EP Plenary session - US AI chip export restrictions: a challenge to European AI development and economic resilience

Committee on Economic and Monetary Affairs Ordinary meeting

ECON

Committee on Economic and Monetary Affairs with MEP EUROPEAN PARLIAMENTARY WEEK 2025 - Interparliamentary Committee Meetings

Committee on Budgets Joint meeting Committee on Economic and Monetary Affairs

BUDG

Committee on Economic and Monetary Affairs

BUDG-ECON joint committee

Visit by Roberta METSOLA, EP President to Malta - Meeting with financial and economic actors in Malta: Deloitte Malta, PwC Malta and Ganado Advocates

Roberta METSOLA, EP President meets with Omar PAGANINI, Minister for Foreign Affairs of Uruguay and Azucena ARBELECHE, Minister of Economy and Finance of Uruguay

TRAN - Presentation of a study on the Role of the Longevity Economy in the tourism

INTA - Exchange of views with Maroš ŠEFČOVIČ, Commissioner for Trade and Economic Security, Interinstitutional Relations and Transparency, on the state of play of EU international trade relations, including EU-US trade relations and the modernised EU-Mexico Global Agreement

ECON EMPL - Economic Dialogue on the European Semester 2025

REGI - Ninth report on economic and social cohesion

ECON LIBE - Exchange of views with Maria Luís Albuquerque, Commissioner for Financial Services and the Savings and Investments Union, on the amendment to the delegated regulation in relation to third countries which have strategic deficiencies in their AML/CTF regimes (High-Risk Third Countries)

Maroš ŠEFČOVIČ, European Commissioner for Trade and Economic Security, and European Commissioner for Interinstitutional Relations and Transparence opens the debate on EU-Mercosur Trade Agreement. The European Union and four Mercosur countries – Argentina, Brazil, Paraguay and Uruguay – reached a political agreement on 6 December 2024 for a ground-breaking partnership agreement. MEPs will review the recently concluded EU-Mercosur free-trade deal, amidst a new geopolitical context of increasing unilateralism, and concerns over the deal’s potential effects on European agriculture. If ratified, the deal would gradually phase out duties on 91% of EU exports to Mercosur and 92% of Mercosur exports to the EU. Parliament must give its consent before the agreement can enter into force. This transcription is a result of an automatic process. Please check against delivery.

EU-Mercosur Trade Agreement: Closing statement by Maroš ŠEFČOVIČ, European Commissioner for Trade and Economic Security, and European Commissioner for Interinstitutional Relations and Transparency

EU-Mercosur Trade Agreement: Opening statement by Maroš ŠEFČOVIČ, European Commissioner for Trade and Economic Security, and European Commissioner for Interinstitutional Relations and Transparency

Maroš ŠEFČOVIČ, European Commissioner for Trade and Economic Security, and European Commissioner for Interinstitutional Relations and Transparency, presents the Commission’s 2025 work programme, outlining its key policy actions and legislative initiatives planned for this year. The work programme sets out in detail how the Commission intends to implement the political guidelines presented by Ursula von der Leyen to the European Parliament in July 2024. They focused on sustainable prosperity and competitiveness, defence and security, strengthening the EU’s social model, quality of life, protecting democracy and upholding EU values, a global Europe, and future-proofing the EU. At the end of his statement, Maroš ŠEFČOVIČ answers the question by Gerben-Jan GERBRANDY (Renew, NL). This transcription is a result of an automatic process. Please check against delivery.

Commission Work Programme 2025: opening statement by Maroš ŠEFČOVIČ, European Commissioner for Trade and Economic Security, and European Commissioner for Interinstitutional Relations and Transparency

Maroš ŠEFČOVIČ, European Commissioner for Trade and Economic Security, and European Commissioner for Interinstitutional Relations and Transparency, makes a closing statement after the debate on the presentation of the Commission’s 2025 work programme, outlining its key policy actions and legislative initiatives planned for this year. This transcription is a result of an automatic process. Please check against delivery.

Commission Work Programme 2025: closing statement by Maroš ŠEFČOVIČ, European Commissioner for Trade and Economic Security, and European Commissioner for Interinstitutional Relations and Transparency

MEPs discuss with Commission Vice-President Virkkunen on how to address the US decision to restrict the export of chips used for artificial intelligence models to certain EU member states during the plenary. Closing statement by Henna VIRKKUNEN, Executive Vice-President of the European Commission for Tech Sovereignty, Security and Democracy

US AI chip export restrictions - a challenge to European AI development and economic resilience: Closing statement by Henna VIRKKUNEN, Executive Vice-President of the European Commission for Tech Sovereignty, Security and Democracy

MEPs discuss with Commission Vice-President Virkkunen on how to address the US decision to restrict the export of chips used for artificial intelligence models to certain EU member states during the plenary. MEPs debate.

US AI chip export restrictions - a challenge to European AI development and economic resilience: MEPs debate

MEPs discuss with Commission Vice-President Virkkunen on how to address the US decision to restrict the export of chips used for artificial intelligence models to certain EU member states during the plenary. Opening statements by Borys BUDKA (EPP, PL), Author and by Henna VIRKKUNEN, Executive Vice-President of the European Commission for Tech Sovereignty, Security and Democracy. This transcription is a result of an automatic process. Please check against delivery.

US AI chip export restrictions - a challenge to European AI development and economic resilience: Opening statements by Borys BUDKA (EPP, PL), Author and by Henna VIRKKUNEN, Executive Vice-President of the European Commission for Tech Sovereignty

Adam SZŁAPKA, Polish Minister for European Affairs, and Maroš ŠEFČOVIČ, European Commissioner for Trade and Economic Security, and European Commissioner for Interinstitutional Relations and Transparency address the current state of EU-US trade relations, multilateralism, and the EU’s potential responses if the US imposes tariffs on European products. This transcription is a result of an automatic process. Please check against delivery.

Preparedness for a new trade era - multilateral cooperation or tariffs: Opening statements by Adam SZŁAPKA Polish Minister for European Affairs, and Maroš ŠEFČOVIČ, European Commissioner for Trade and Economic Security

Roberta METSOLA, EP President meets with financial and economic actors in Malta: Deloitte Malta, PwC Malta and Ganado Advocates.

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