PRESS RELEASE ISSUED BY THE MINISTRY FOR THE ECONOMY, INVESTMENT AND SMALL BUSINESS: Malta’s Presidency priorities presented at the Competitiveness Council

While addressing the Council of the European Union, Minister for the Economy, Investment and Small Business Chris Cardona stated that among Malta’s priorities for the Compet Council would be to spearhead the trialogue process with the European Parliament on geo-blocking so that consumers seeking to buy products and services in another EU Member State are not discriminated against based on nationality or country of residence in terms of access to prices, sales, or payment conditions. Malta, together with its counterparts, will also work on measures to ensure a sharper focus in EU legislation to address the challenges faced by SMEs, in particular by extending funding sources, and to extend the timeframe and financial capacity of the European Fund for Strategic Investment.

Minister Cardona said that the Maltese Presidency will continue to place further emphasis on keeping the administrative burden as low as possible, while promoting the innovation principle, and SMEs will be at the forefront of this discussion.

Minister Cardona continued by announcing a conference that will be held in Malta, as part of the Presidency programme, on the current challenges the EU is facing in attracting foreign direct investments.

Minister Chris Cardona thanked the Slovak Presidency for their work and collaboration with Malta as the incoming Presidency.

Source: Government of Malta.