Fabian Demicoli

Recognition of the role of commerce

GRTU has welcomed the adoption of the retail market monitoring report and its recognition of the central role played by commerce in economic growth, employment, the fight against inflation in Europe and more globally to achieve the goals of the EU 2020 strategy.

 

In particular, commerce supports the Parliament's emphasis on the need to properly enforce internal market legislation and to work towards removing the barriers to retailer's freedom of establishment across the EU.

Parliament has taken the right approach in supporting self-regulation over the current top-down regulatory view. However, there is still much work to be done to help optimise the potential of the commerce sector in the Single Market.

GRTU commends Mrs Corazza Bildt for her relentless effort to strike a balance, yet continuously championing the Single Market. We particularly appreciate her efforts with regard to business-to-business contractual relations and commercial practices. We greatly appreciate the proposal's holistic approach to the retail sector and its relations with other players in the supply chain.

The Parliament's IMCO committee and the European Commission should continue work on defining and delivering the European Action Plan for Retail. This Action Plan should provide concrete solutions to real challenges faced by our companies in their daily operations. It will be key to alleviating remaining barriers and obstacles to the further development of commerce, employment and consumer's purchasing power in Europe.

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