PRESS RELEASE BY THE PARLIAMENTARY SECRETARIAT FOR FINANCIAL SERVICES, DIGITAL ECONOMY AND INNOVATION Parliamentary Secretary for Financial Services, Digital Economy and Innovation attends the Research Council in Brussels

The space sector should reach out to a wider participation, in a collaborative manner and engage the non-space industries, such as ICT, AI, tourism, maritime and oceans, health and climate change. This will help ensure that the socio-economic benefits of space would be truly exploited to their full potential by end-users in the various economic value chains � Parliamentary Secretary Schembri

On Tuesday, the Research and Space Ministers met in Brussels for the Council meeting of Ministers of the EU under the Romanian Presidency of the Council of the EU.

The first part of the Ministerial meeting which featured space, discussed Europe’s role as a global actor in space and as a contributor to build the global space governance. The EU Ministers also participated in the Council of the European Space Agency (ESA) where the Resolution on Space as an enabler was adopted. This resolution emphasises the role of space as an enabler for socio-economic benefits and for the expansion of knowledge especially in science, technology and applications. This will support industries such as energy, public health, environment, agriculture, transport and climate change.

Parliamentary Secretary Schembri remarked that, Malta has recently launched its vision to launch its own National Space Strategy with the aim of creating a regulatory framework and incentives, which improve Malta’s attractiveness and capability to capitalise upon commercial activities related to the outer space.

In a policy debate, the Ministers discussed research and innovation as the driving force for a more competitive EU. They all agreed that in order to be able to deliver on the objectives undertaken at EU level in the field of R&I, a higher level of commitment from both the EU and the Member States is still needed for reaping the full potential of Europe in the research and innovation field. Malta noted that the EU needs to prioritise research investments to address global societal challenges and the general sustainability of our economies. In today’s digital age, Malta is at the fore-front of capturing the economic opportunities emanating from emerging digital technologies such as Artificial Intelligence (AI), robotics, big data, disruptive ledger technologies, cybersecurity and Internet of Things. In fact, Malta’s adoption of a legal framework for disruptive ledger technologies, has transformed the country into a global leader of industries such as blockchain. We are actively working on the development and launching of an AI Strategy, which will focus upon a human-centric and socially responsible policy, supportive of AI-driven innovative start-ups.

The Parliamentary Secretary was accompanied by the Deputy Permanent Representative Lorenzo Vella, Technical Attache Omar Cutajar and Dr Ing James Foden, Senior Director within the Malta Council for Science and Technology.

Source: Government of Malta

PRESS RELEASE BY THE PARLIAMENTARY SECRETARIAT FOR FINANCIAL SERVICES, DIGITAL ECONOMY AND INNOVATION Parliamentary Secretary for Financial Services, Digital Economy and Innovation attends the Research Council in Brussels

The space sector should reach out to a wider participation, in a collaborative manner and engage the non-space industries, such as ICT, AI, tourism, maritime and oceans, health and climate change. This will help ensure that the socio-economic benefits of space would be truly exploited to their full potential by end-users in the various economic value chains � Parliamentary Secretary Schembri

On Tuesday, the Research and Space Ministers met in Brussels for the Council meeting of Ministers of the EU under the Romanian Presidency of the Council of the EU.

The first part of the Ministerial meeting which featured space, discussed Europe’s role as a global actor in space and as a contributor to build the global space governance. The EU Ministers also participated in the Council of the European Space Agency (ESA) where the Resolution on Space as an enabler was adopted. This resolution emphasises the role of space as an enabler for socio-economic benefits and for the expansion of knowledge especially in science, technology and applications. This will support industries such as energy, public health, environment, agriculture, transport and climate change.

Parliamentary Secretary Schembri remarked that, Malta has recently launched its vision to launch its own National Space Strategy with the aim of creating a regulatory framework and incentives, which improve Malta’s attractiveness and capability to capitalise upon commercial activities related to the outer space.

In a policy debate, the Ministers discussed research and innovation as the driving force for a more competitive EU. They all agreed that in order to be able to deliver on the objectives undertaken at EU level in the field of R&I, a higher level of commitment from both the EU and the Member States is still needed for reaping the full potential of Europe in the research and innovation field. Malta noted that the EU needs to prioritise research investments to address global societal challenges and the general sustainability of our economies. In today’s digital age, Malta is at the fore-front of capturing the economic opportunities emanating from emerging digital technologies such as Artificial Intelligence (AI), robotics, big data, disruptive ledger technologies, cybersecurity and Internet of Things. In fact, Malta’s adoption of a legal framework for disruptive ledger technologies, has transformed the country into a global leader of industries such as blockchain. We are actively working on the development and launching of an AI Strategy, which will focus upon a human-centric and socially responsible policy, supportive of AI-driven innovative start-ups.

The Parliamentary Secretary was accompanied by the Deputy Permanent Representative Lorenzo Vella, Technical Attache Omar Cutajar and Dr Ing James Foden, Senior Director within the Malta Council for Science and Technology.

Source: Government of Malta