A Budget that extends the safety-net for Businesses, more tax incentives should follow to enable new investments
19 October 2020
Budget 2021 The Malta Chamber of SMEs is pleased to see a number of its...
GRTU called on the Ministry for Finance, the Economy and Investment as responsible for trade relations to stand against the Commission proposal for a mandatory ‘made-in' label to be attached to certain imported consumer goods. The Ministry consulted the GRTU on the new Commission proposal and GRTU replied as follows:
The commerce sector strongly rejects the claims that the proposed label is a ‘necessity' and will ‘protect our consumers'. The proposed label is far from helping, such a label would simply create another barrier to trade at a time when Europe needs growth, not protectionism.
The ‘made-in' label has already been clearly rejected by the majority of business and consumer associations, which replied to the first Commission consultation on the proposal. GRTU argues that significant objections continue to apply:
Since this label would be limited to some imported consumer goods only – such as textiles, clothing, shoes, leather and furniture – questions must be raised as to its true objectives. Is the Commission really seeking to protect consumers, or to encourage protectionism? We truly hope that our leaders can spare Europe this burden.
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