Ibec Europe & Global Focus

Welcome to the summer 2020 edition of Ibec Europe & Global Focus our regular publication on the major issues impacting business at EU and international level.

Ireland and the EU have agreed historic stimulus packages to support reopening our economies and societies. The road ahead is challenging but the Irish government stimulus and the ‘Next Generation EU’ recovery fund and revised MFF will be key to steering business out of the crisis, as we seek to avoid a second wave of the COVID-19 virus.

In this issue we profile Ireland’s new 3 party coalition government and how their Programme for Government ‘Our Shared Future’ converges with Ibec’s ‘Reboot and Reimagine’ blueprint for economic recovery.

On Future EU-UK relations we review progress on negotiations. The two sides remain far apart on key issues of fisheries, level playing field and governance and the risk of no trade agreement by end 2020 remains real. We also review progress at the Specialised Committee for implementing the Northern Ireland Protocol.

On trade affairs we examine how the EU is navigating the Airbus-Boeing tariff issue with the US and addressing EU-China relationship including level playing field, market distortions and competition. We look at how Commissioner Hogan is reviewing EU Trade Policy, including to address WTO reform. All this taking place against the backdrop of the huge challenges of COVID-19 for global trade.

We highlight several Ibec member responses to COVID-19, including a COVID Alliance to develop a trial testing reagent, a partnership between Irish-based APC and Australian-based Vaxine to help develop a vaccine, and how Airbnb provided a platform for hosts to open their doors to frontline workers free of charge.

Finally, we profile recent Ibec activities including engagements with the Departments of An Taoiseach, Foreign Affairs and Trade and BusinessEurope.

Please contact our EU & International Affairs team in Brussels or Dublin if you wish to further discuss any of the items covered.

Ibec Europe - Global Focus - 14 - Summer 2020 pdf | 17143.9 kb