Ibec, the group that represents Irish business, today said that Ireland's economic fortunes demand an outward-looking, dynamic and successful EU. At the launch of its priorities for the Future of Europe in Brussels, the group said the EU should carry on with ongoing positive reform, rather than embark on a radical change of direction. It said a deepening of the Single Market could create significant new economic opportunities and drive job creation.
Addressing some of the EU's most senior politicians and policy-makers in the European Parliament, Ibec CEO Danny McCoy said more integration and cooperation is needed in key areas, but in other areas decisions should be left to individual member states. He said the challenge of Brexit reinforced the need for a strong, clear European voice on the global stage.
The Ibec launch was addressed by the President of the European Parliament, Antonio Tajani, EU Commissioner Phil Hogan, EU Commissioner Jyrki Katainen and EU Chief Negotiator Michel Barnier. The event was hosted by Sean Kelly, MEP.
“Ibec believes the EU needs more cooperation in areas where there is a clear collective benefit. This includes completing the single market, digitalisation and global trade. However, in areas such as taxation, labour market and social policy, individual governments should be allowed to tailor policy to domestic needs," said Mr McCoy.
In his address, Mr McCoy set out Ibec’s Future of Europe priorities:
Unleash the potential of the Single Market: “While the EU has created vast new opportunities for business, there’s much more to do. By completing the digital single market, the capital markets union and banking union for example, the EU could create massive new economic opportunities, advance growth and raise the living standards of citizens across Europe.”
Lead the world in trade and investment: “The EU should continue to advance ambitious, balanced trade deals with key partners. This should include a comprehensive and ambitious future trading relationship with the UK, as well as deeper trading and investment partnerships with the US, Canada and Japan. New trade deals should facilitate cross-border data flows and unlock the potential of EU business in a digitalised world.”
Embrace competitive taxation policy: “We need dynamic, competitive markets across the EU to ensure companies, economies and member states can harness innovation and attract investment. Member states must have the power to choose tax strategies that best meet their economic needs.”
Respect member state competency to design labour market and social policy: “The EU must focus on areas where it can add real value to societies. By keeping labour and social market policy at a member state level, national governments and policy makers can best consider local labour market realities, demographics and citizens’ needs.”
- Future of Europe - Ibec.pdf - 2,847 Kbytes