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Europe Daily Bulletin No. 12506

16 June 2020
Contents Publication in full By article 12 / 33
EXTERNAL ACTION / Trade
Covid-19 pandemic will have a long-lasting impact on investment policies, UNCTAD says
Brussels, 15/06/2020 (Agence Europe)

The economic crisis that resulted from the Covid-19 pandemic has had a major impact on foreign direct investments with long-term effects, says the United Nations Conference on Trade and Development (UNCTAD) Global Investment Report 2020.

By 2020, global foreign direct investments (FDI) flows are expected to decline by up to 40%, bringing them below $1 trillion for the first time since 2005. A fall that is expected to continue in 2021, with a further reduction of 5 to 10%, the authors...

Contents

EU RESPONSE TO COVID-19
ENERGY: EU ministers agree on role of innovative energy technologies in post-Covid-19 recovery
BUDGET/ECONOMICS: EU ministers to discuss post-Covid-19 recovery fund and MFF 2021-2027 Tuesday 16 June
STATE AID: consultation of Member States on further extension of Temporary Framework in context of Covid-19
DEVELOPMENT: Covid-19, Commission assures MEPs of transparency for EU aid to most vulnerable countries
HEALTH: vaccines, announcement of an agreement with AstraZeneca has elicited conflicting reactions
EXTERNAL ACTION
UNITED KINGDOM: EU and London agree on a “new impetus” for negotiations on future post-Brexit relationship
UNITED STATES: Borrell reassures on state of transatlantic relations
EASTERN PARTNERSHIP: Bureau of Euronest Assembly encourages leaders to enhance political dialogue and co-operation
ACP: organisation of ACP States and EU hope for an agreement on post-Cotonou partnership before summer break
ERITREA: European Parliament Committee on Development denounces EU cooperation with Eritrean dictatorship
TRADE: countervailing duty on imports of glass fibres from China and Egypt, a groundbreaking decision
TRADE: Covid-19 pandemic will have a long-lasting impact on investment policies, UNCTAD says
SECURITY - DEFENCE
DEFENCE: European Commission announces €205 million for 19 industrial and breakthrough technology projects
SECTORAL POLICIES
COHESION: divergence of views among EU ministers on degree of flexibility to be introduced in long term
ENERGY: seven European countries commit to strengthen their cooperation in the hydrogen sector
CLIMATE: European Committee of the Regions launches working group on European Green Deal
MIGRATION: IOM and UNHCR call on EU-27 not to turn their backs on migrants from Libya because of health crisis
INSTITUTIONAL
PARLIAMENTARY PLENARY: post-2020 EU budget, UK, China, Schengen area, fundamental rights and disinformation on MEPs’ agenda
DEMOCRACY: to tackle disinformation, MEPs call for more money for education and independent journalism
ECONOMY - FINANCE - BUSINESS
TAXATION: economists call for international tax reform to pay Covid-19 bill
ECONOMY: Kristalina Georgieva calls for EU leadership in responding to economic crisis
ECONOMY: OECD calls for freezing of EU fiscal rules in 2021
NEWS BRIEFS
AFGHANISTAN: EU sends 100 tonnes of medical supplies via humanitarian airlift and releases €39 million in aid
CHINA: bilateral summit to take place on Monday 22 June
HUMAN RIGHTS: EU Council adopts EU 2019 annual report
EUROGROUP: Presidency is of interest to Spain
INDUSTRY: industrial production in Europe falls by nearly 30% in April compared to 2019
JUSTICE: Germany prepares to launch mobile tracing app
FISHERIES: Eu commission report into market trends for wild seabass
SOCIAL:  elder abuse increasing during pandemic, according to AGE Platform Europe
SAHEL: first ministerial meeting of Sahel coalition confirms internationalisation of stability efforts
TOURISM: Commission launches Re-open EU site to facilitate resumption of travel between Member States
Op-Ed
OP-ED: Recovery Fund for Europe - it might be smart to go for flexible and dynamic conditionality, by Danuta Hübner