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#Digitalisation, #FTA

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News from Brussels / Week 18 - 24 September 2017

News from Brussels / Week 18 - 24 September 2017

Last week, the European Commission presented a far-reaching package on cybersecurity and a renewed European industrial policy strategy. With the new industrial strategy, the Commission wants to make the EU fit for the megatrends of the future, namely digitisation and decarbonisation. Also, building on several public consultations and an intense dialogue with all relevant stakeholders, the Commission proposed an overhaul of financial supervision in the EU. Last Wednesday, Donald Tusk, President of the European Council, addressed the UN General Assembly on behalf of the EU to stress the importance of strengthening the UN as the backbone of the rules-based global order and guaranteed the EU's commitment to the Paris Agreement. On Thursday, the Comprehensive Economic and Trade Agreement between the EU and Canada entered provisionally into force and the European Commission adopted a Communication regarding fair taxation of the digital economy with the goal to ensure a coherent EU approach, which guarantees fair and effective taxation for all companies. On Friday, Theresa May proposed in her speech in Florence a post-Brexit 'implementation period' of 2 years during which the United Kingdom would pay its EU budget commitments and allow freedom of movement to continue.

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