Belgium, (Brussels Morning Newspaper) The European Commission has expressed its satisfaction with a political agreement reached between Members of the European Parliament (MEPs) and EU member states regarding the Commission’s proposal for a European Single Access Point (ESAP). The deal is being hailed as a significant milestone in advancing Europe’s capital markets.
The ESAP aims to provide a unified platform for public financial and sustainability-related information on EU companies and investment products. The Commission asserts that this initiative will enhance companies’ visibility to investors, creating more avenues for financing in accordance with the Commission’s Digital Finance Strategy.
Mairead McGuinness, the Commissioner for Financial Services, Financial Stability, and Capital Markets Union, lauded the agreement, stating, “I warmly welcome the political agreement between the European Parliament and Council on this important component of our CMU.” McGuinness emphasized that the ESAP will play a pivotal role in integrating capital markets and offering new opportunities for businesses and investors to access vital financial and sustainability data.
Meanwhile, BusinessEurope, a Brussels-based organization representing the business sector in Europe, has released a policy paper titled “Open Strategic Autonomy – How trade policy can best support European Competitiveness.” The paper addresses key geopolitical and competitiveness challenges faced by European companies.
BusinessEurope Director General Markus J. Beyrer stressed the need for a dynamic trade policy to bolster Europe’s competitiveness and attract investments. He highlighted the importance of diversifying imports, opening new markets through trade agreements, and ensuring economic security without compromising Europe’s competitiveness.
The policy paper includes several recommendations, such as assessing the impact on competitiveness before implementing export restrictions, promoting alliances with like-minded countries, introducing minimum sustainability standards, and strengthening intellectual property protection and digital trade policies to foster Europe’s innovation-driven economy.