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Outcome of the meetings of EU leaders on 10 and 11 December 2020

15-12-2020

On Thursday 10 and Friday 11 December 2020, the European Council agreed on clarifications to the rule-of-law conditionality mechanism, which pave the way for the adoption of the Multiannual Financial Framework and the Next Generation EU recovery fund. The language used by EU leaders in their conclusions satisfied all actors involved, and avoided triggering renegotiation of the compromise reached between the co-legislators on the proposed regulation on rule-of-law conditionality. EU leaders also achieved ...

On Thursday 10 and Friday 11 December 2020, the European Council agreed on clarifications to the rule-of-law conditionality mechanism, which pave the way for the adoption of the Multiannual Financial Framework and the Next Generation EU recovery fund. The language used by EU leaders in their conclusions satisfied all actors involved, and avoided triggering renegotiation of the compromise reached between the co-legislators on the proposed regulation on rule-of-law conditionality. EU leaders also achieved a significant breakthrough in combating climate change, by committing to a binding EU reduction in greenhouse gas emissions of at least 55 % by 2030. Moreover, the European Council discussed the development, purchase and the EU-wide distribution of effective vaccines against Covid-19 and stressed the need to take forward proposals for a health union. EU leaders also agreed to step up the fight against radicalisation, terrorism and violent extremism.

Outlook for the meetings of EU leaders on 10-11 December 2020

09-12-2020

On 10 and 11 December, EU leaders will meet for their 13th meeting of 2020, bringing to a close a year of exceptionally intensive activity for the European Council. EU Heads of State or Government will address a packed agenda, covering most of 2020's key issues: the coronavirus pandemic, climate change – notably the new EU greenhouse gas emissions reduction targets for 2030 – and the fight against terrorism, as well as various external relations issues, such as relations with the US and with Turkey ...

On 10 and 11 December, EU leaders will meet for their 13th meeting of 2020, bringing to a close a year of exceptionally intensive activity for the European Council. EU Heads of State or Government will address a packed agenda, covering most of 2020's key issues: the coronavirus pandemic, climate change – notably the new EU greenhouse gas emissions reduction targets for 2030 – and the fight against terrorism, as well as various external relations issues, such as relations with the US and with Turkey. Two crucial issues, which are not on the formal agenda but could dominate discussions, are rule-of-law conditionality for the 2021-27 Multiannual Financial Framework (MFF) and the EU-UK negotiations. EU leaders are also expected to appoint a new member of the European Central Bank's executive board. The Euro Summit on 11 December will focus on the revision of the European Stability Mechanism (ESM) treaty and on progress towards a banking union.

G20 Summit of November 2020: Great expectations despite boycott calls

19-11-2020

On 21-22 November, under Saudi Arabia's presidency, the G20 will hold its first regular summit in a virtual format. Unavoidably the focus will be on the current crisis, more specifically on protecting lives and livelihoods and restoring growth. Given the crucial role it played in tackling the 2008-2009 financial crisis, hopes are high regarding the G20's potential role in proposing a financial and economic solution to deal with the ongoing downturn. Several major G20 members have invested massive ...

On 21-22 November, under Saudi Arabia's presidency, the G20 will hold its first regular summit in a virtual format. Unavoidably the focus will be on the current crisis, more specifically on protecting lives and livelihoods and restoring growth. Given the crucial role it played in tackling the 2008-2009 financial crisis, hopes are high regarding the G20's potential role in proposing a financial and economic solution to deal with the ongoing downturn. Several major G20 members have invested massive amounts of money to keep their economies afloat, in line with the decision of the extraordinary G20 summit held in the spring, but the depth of the current crisis requires additional action. Some critics have argued that the G20 is not up to its perceived role. The lack of US leadership in particular has been seen as an obstacle preventing the group from living up to its full potential. One of the crucial measures adopted by the G20 has been to freeze the official debt payments of developing countries, with the measure recently being extended. Many voices consider that this will not be enough to avoid state defaults however. Saudi Arabia, the first Arab country to hold the presidency, has been eager to use the opportunity provided by its G20 presidency to showcase its ambitious internal reform programme and its economic potential. The Saudis' leadership of the G20 in these times of turmoil has not escaped criticism, first of all because of the perceived inconsistency between stated objectives at G20 level and internal reality in the country, but also because of the role the country played in the oil price crash of 2020. Given the dire human rights situation in Saudi Arabia and in its fighting in Yemen, calls for a boycott of the summit have been multiplying. The European Parliament has suggested that the EU should downgrade its presence at the summit.

EU-India: Cooperation on climate

17-11-2020

The EU and India are respectively the third and the fourth largest emitters of atmosphere-warming greenhouse gases. Meanwhile, India's per-capita emissions are much lower than those of other major economies. India is acutely affected by climate change and is strongly dependent on coal as a source of primary energy. Nevertheless, it is now a leader in the promotion of renewable energy and has fixed ambitious targets in terms of electricity-generation capacity from renewables. Along these lines, Delhi ...

The EU and India are respectively the third and the fourth largest emitters of atmosphere-warming greenhouse gases. Meanwhile, India's per-capita emissions are much lower than those of other major economies. India is acutely affected by climate change and is strongly dependent on coal as a source of primary energy. Nevertheless, it is now a leader in the promotion of renewable energy and has fixed ambitious targets in terms of electricity-generation capacity from renewables. Along these lines, Delhi is a major promoter of the International Solar Alliance and, alongside other partners, the founder of the Coalition for Disaster Resilient Infrastructure. The EU and India have assumed a leading role in fighting climate change and have been increasingly cooperating with each other in this field, at both public- and private-sector levels. They have agreed partnerships on sectoral issues such as clean energy, water and urban development. The EU is supporting several Indian projects on climate action, sustainability and clean energy. At their 15th summit, held in July 2020, the EU and India placed a strong focus on climate change and reaffirmed their commitment to cooperate for the implementation of the Paris Agreement and to engage constructively in its first global stocktaking in 2023.

European Council Leaders' Agenda 2020-21

05-10-2020

At the special European Council meeting of 1-2 October 2020, Charles Michel, President of the European Council, presented a new Leaders’ Agenda outlining his view of ‘the key challenges confronting the Union’ and setting a timetable for the Heads of State or Government to address these issues at meetings between October 2020 and June 2021. The new Leaders’ Agenda puts strong focus on the ‘green transition and digital transformation’, as well as on ‘Europe’s role in the world’, two core priorities ...

At the special European Council meeting of 1-2 October 2020, Charles Michel, President of the European Council, presented a new Leaders’ Agenda outlining his view of ‘the key challenges confronting the Union’ and setting a timetable for the Heads of State or Government to address these issues at meetings between October 2020 and June 2021. The new Leaders’ Agenda puts strong focus on the ‘green transition and digital transformation’, as well as on ‘Europe’s role in the world’, two core priorities in the EU Strategic Agenda 2019-24. Mr Michel intends to structure the approach to external relations discussions, notably through a series of strategic debates on relations with key partners. A number of EU priority topics are however missing, notably migration, the rule of law and the Conference on the Future of Europe. Mr Michel has, however, stated that the Leaders’ Agenda is a flexible tool, which can be updated as circumstances require.

Outlook for the special European Council meeting of 1-2 October 2020

28-09-2020

At the special European Council meeting of 1-2 October 2020, postponed from 24-25 September, EU Heads of State or Government are expected to dedicate much of their time to external relations issues, notably to a strategic discussion on Turkey and a debate on relations with China. Continuing illegal Turkish drilling activities in the eastern Mediterranean have made the former more urgent, while the latter is long overdue. The European Council is also likely to adopt extensive conclusions regarding ...

At the special European Council meeting of 1-2 October 2020, postponed from 24-25 September, EU Heads of State or Government are expected to dedicate much of their time to external relations issues, notably to a strategic discussion on Turkey and a debate on relations with China. Continuing illegal Turkish drilling activities in the eastern Mediterranean have made the former more urgent, while the latter is long overdue. The European Council is also likely to adopt extensive conclusions regarding the single market, industrial and digital policy, reiterating the key objective of achieving strategic autonomy, whilst maintaining an open economy. EU leaders are expected to call for development of EU autonomy in the space sector, a more integrated defence industrial base, and for the presentation of a 'digital compass' setting out the EU's digital ambitions for 2030 in its move towards digital sovereignty. EU leaders will also take stock of the coronavirus situation and review the coordination of national and European measures. Finally, the President, Charles Michel, is expected to set out his vision of the main issues to be dealt with by the leaders in the coming year, and to propose a work-plan for the European Council, similar to the Leaders’ Agenda which guided the work of the European Council during Donald Tusk's second mandate as President.

International Agreements in Progress - EU–China Comprehensive Agreement on Investment: Levelling the playing field with China

11-09-2020

Lack of reciprocity in access to the Chinese market and the absence of a level playing field for EU investors in China have posed major challenges for EU-China investment relations in recent years, with the negotiation of a comprehensive agreement on investment (CAI) being considered by the EU a key instrument to remedy this state of play. The CAI negotiations are aimed at establishing a uniform legal framework for EU-China investment ties by replacing the 25 outdated bilateral investment treaties ...

Lack of reciprocity in access to the Chinese market and the absence of a level playing field for EU investors in China have posed major challenges for EU-China investment relations in recent years, with the negotiation of a comprehensive agreement on investment (CAI) being considered by the EU a key instrument to remedy this state of play. The CAI negotiations are aimed at establishing a uniform legal framework for EU-China investment ties by replacing the 25 outdated bilateral investment treaties (BITs) China and EU Member States concluded prior to the entry into force of the Lisbon Treaty in 2009 when the EU gained competence for most investment issues. The CAI is intended to go far beyond traditional investment protection to also cover market access, investment-related sustainable development, and level playing field issues, such as transparency of subsidies, and rules on state-owned enterprises (SOEs) and forced technology transfer. Although leaders at the 2019 EU-China Summit jointly committed to concluding the CAI talks in 2020, lack of engagement at the highest political level on the Chinese side has raised doubts as to whether a breakthrough can be reached in time, with China more focused on navigating the uncertainties of its relations with the United States from January 2021. First edition. The 'International Agreements in Progress' briefings are updated at key stages throughout the process, from initial discussions through to ratification.