Table of Contents
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This area is concerned with the likely impact of policy measures and initiatives on the pursuit of the following economic objectives: improving the ability of EU economies to produce and commercialize abroad goods and service which meet the test of international markets, and to participate to international exchanges of goods, capital and knowledge under free and fair competition, while simultaneously maintaining and expanding employment and real income of EU population over the long term; gradually increasing the economic integration with enlargement countries by expanding international exchanges with them; extracting the highest economic rents from international exchanges of goods, capital and knowledge and minimizing the costs of international operations for the EU economy as a whole.
The Impact Assessment Guidelines of 2005 have been reformed in 2009. Regarding the key questions of the area “Competitiveness, Trade and Investment Flows” one question about productivity has been added.
This impact area is further specified by the taxonomy terms: Competitive Position of EU Firms and Productivity, Cross-border Investment Flows, Impact on Productivity and Correcting Undesirable Outcomes of Market Processes.
EU policies aimed at supporting the international economic performance of the Union are manifold. The main actions taken through a number of directives, regulatory documents and decisions include: research activity and promotion of immaterial investments and information technology utilization; standards harmonization and protection of intellectual property; enterprise policy; company law.
The success in Europe is extremely depended from the success of its trading partners. For this reason sustainable development and development policy in general are central to the European Commissions´ approach.
In line with Europe 2020, the EU´ strategy for smart, sustainable and inclusive growth, the Directorate General Enterprise and Industry is working towards five general objectives: (1) to strengthen Europes´ industrial base and promote the transition to a low carbon economy, (2) to promote innovation as a means to generate new sources of growth and meet societal needs, (3) to encourage the creation of SMEs and promote an entrepreneurial culture, (4) to ensure an open internal market for goods and (5) tom support the European presence in space.
The Directorate General (DG) has a key role to play in the implementation of Europe 2020. It is responsible for two of the seven flagship initiatives:
- “An industrial policy for globalization era” to improve the business environment, notably for SMEs, and to support the development of a strong and sustainable industrial base able to compete globally
- “Innovation Union” to improve framework conditions and access to finance for research and innovation so as to ensure that innovative ideas can be turned into products and services that create growth and jobs
Legal Basis for the Commission to Act
Treaty establishing the European Community: Art. 2
“Promote economic and social progress (…) to achieve balanced and sustainable development”, “implementation of a common foreign and security policy”, these are some of the objectives of the European Union which should be achieved. The European Commissions´ mission in the area of “Competitiveness, Trade and Investment flows” is to secure prosperity, solidarity and security in Europe and around the globe. Besides that the European Union engages in helping the world trade and development and thereby boosting competitiveness, jobs and growth. By maintaining this, the European Commission negotiates in bilateral and multilateral trade agreements and they work closely with the World Trade Organization (WTO) to meet the challenges posed by the globalization.
The European Union ensures that trade is open, predictable and fair and that it reflects and respects the special needs and concerns of developing countries, too.
- European Commission: DG Trade http://ec.europa.eu/trade/
- European Comisson: DG Enterprise Competitiveness Reports http://ec.europa.eu/enterprise/policies/industrial-competitiveness/competitiveness-analysis/european-competitiveness-report/index_en.htm
Publications and applications
Content for this term
|Competitiveness, Trade and Investment Flows||Impact Area||2013-11-01 12:28|
|Intertemporal Computable Equilibrium System||Model||2013-11-26 08:29|
|Lazaro, Jose Maria||Expert||2014-03-05 09:37|
|METal ResOurces Model||Model||2014-01-27 11:05|
|TechnoGIN technical coefficient generator||Model||2013-11-26 08:29|
|WIOD Computable General Equilibrium Model||Model||2014-01-30 14:39|