Recommendations of the European Banking Federation for the EU 2024-2029 term. The concluding legislature has been marked by a series of significant crises at both the international and European levels. Firstly, the global COVID-19 pandemic, then a war on the European continent resulting from the invasion of Ukraine. This conflict triggered an energy crisis, driving… Read more
Legal Entity Identifiers (LEIs) are the global identity framework for cross-border trade and a foundation on which to deliver a cheaper, faster, simpler, more sustainable and secure trading system. LEIs provide the ability for companies and governments to have total transparency across the trade system: where the goods are, where they are coming from and… Read more
The United States and Japan, among the world’s largest economies, are close economic partners. As a top U.S. trade partner, Japan has been a priority for U.S. trade negotiations and regional economic cooperation. The U.S. and Japan do not have a comprehensive bilateral free trade agreement (FTA); the partners have two limited trade deals. The… Read more
This morning has marked the conclusions of the G7 Ministerial Meeting on Industry, Technology and Digital, organised by the Italian Presidency in Trento. Senator Alessio Butti, Undersecretary of State for technological innovation, chaired the meeting sessions ending with the adoption of the Ministerial Declaration by G7 Members. “The G7 Ministerial Declaration on Industry, Technology, and… Read more
Regulation (EU) 2024/903, known as the Interoperable Europe Act, aims to establish a framework for achieving a high level of public sector interoperability across the European Union. Adopted on March 13, 2024, the regulation focuses on enhancing the efficiency and coordination of public services within the EU by standardizing technical, legal, and organizational aspects of… Read more
The harnessing of blockchain technologies, to contribute to development priorities in countries and the achievement of the Sustainable Development Goals, is discussed in this note. The potential of blockchain technology for sustainable development is illustrated, demonstrating how its use might revolutionize processes in various areas, from finance to trade and from government public services to… Read more
This report explores the impact of the eIDAS revision (eIDAS2) and the evolving EU Digital Identity landscape on data spaces. It emphasises the critical role of digital identity as a fundamental building block for data spaces, analysing how eIDAS regulations, both current and revised, offer opportunities for enhancing digital identity procedures in data spaces. The… Read more
The EU-US Trade and Technology Council (TTC) was formed at the EU-US Summit in June 2021 by US President Joseph R. Biden, European Commission President Ursula von der Leyen and European Council President Charles Michel. The TTC’s overall objective is to promote EU and US competitiveness and prosperity and the spread of democratic, market-oriented values… Read more
Recognizing the historical importance of digital technologies and noting the importance of digital transformation for enhancing the integration of landlocked developing countries in the global economy, creating new opportunities for trade and transport to reap the full benefits of green and sustainable economic development, Confirming the conclusions of the 70th session of the United Nations… Read more
Micro, small and medium-sized enterprises (MSMEs) are the building blocks of every nation’s economy, accounting for up to 90% of businesses and 70% of employment worldwide.1 Unsurprisingly, SME development has become a key priority for many governments, as evidenced by UNDP’s extensive country-level work in that field, around the world. Yet, globally, MSMEs still face… Read more