Relations between the European Union and the African, Caribbean and Pacific (ACP) States are a particularly important aspect of the EU development cooperation policy.
+/- 08.55 Presidency doorstep by Minister Dana Reizniece-Ozola
+/- 09.30 Beginning of Competitiveness Council meeting
Adoption of the agenda
+/- 09.40 Adoption of legislative A items (in public session)
+/- 09.50 Package travel (in public session)
+/- 10.30 Product safety package (in public session)
+/- 12.15 Single-member private limited companies (in public session)
+/- 13.15 Trade mark package (in public session)
+/- 13.30 Lunch
+/- 15.00 Adoption of non-legislative A items
+/- 15.05 Digital single market policy
+/- 17.05 Any Other Business:
- Implementation of the unitary patent
- Update on the implementation of the communication on defence
- Small Business Act
- Monitoring of Competitiveness Council conclusions
- Work programme of the incoming Presidency
+/- 18.30 Press conference
+/- 09.20 Presidency doorstep by Minister Mārīte Seile
+/- 10.00 European Research Area (ERA) roadmap 2015-2020
+/- 10.15 Review of the ERA advisory structure
+/- 10.45 Open and excellent European Science: follow up to Science 2.0 public consultation
+/- 12.45 Open, data-intensive and networked research: faster and wider innovation
+/- 13.00 Any Other Business: Work programme of the incoming Presidency
+/- 13.10 Press conference
The European Union and Switzerland on 27 May 2015 signed an agreement on the automatic exchange of financial account information, aimed at improving international tax compliance.
The agreement represents an important step in ongoing efforts to clamp down on tax fraud and tax evasion. It upgrades a 2004 agreement that ensured that Switzerland applied measures equivalent to those in an EU directive on the taxation of savings income.
Under the agreement, the EU and Switzerland will automatically exchange information on the financial accounts of each other's residents, starting in 2018. The aim is to address situations where a taxpayer seeks to hide capital representing income or assets for which tax has not been paid.
The text was signed in Brussels:
The signature took place in the presence of Pierre Moscovici, commissioner for economic and financial affairs, taxation and customs, who also signed the document.
"Today's agreement shows that the EU's member states and Switzerland are not only politically committed to promoting fair competition in taxation together. We also share the aim of improving international tax compliance on the basis of a reciprocal automatic exchange of information on accounts held by financial institutions", said Mr Reirs.
The agreement ensures that Switzerland applies strengthened measures that are equivalent to the EU directive, as upgraded in March 2014. It also complies with the automatic exchange of financial account information promoted by a 2014 OECD global standard.
There are provisions intended to limit the opportunities for taxpayers to avoid being reported to the tax authorities by shifting assets or investing in products that are outside the scope of the agreement. Information to be exchanged concerns not only income such as interest and dividends, but also account balances and proceeds from the sale of financial assets.
Tax administrations in the member states and in Switzerland will be able to:
The EU and Switzerland must now conclude the agreement in time to enable entry into force on 1 January 2017.
1. The Post-2015 Agenda presents a great opportunity to address the interlinked challenges of poverty eradication and sustainable development. Making the most of this is a key priority for the EU and its Member States. In its conclusions of 16 December 2014, the Council set out the EU's position on how to do so in a universal and transformative manner. These conclusions complement the December 2014 conclusions and further develop aspects of the new global partnership needed to achieve the sustainable development goals (SDGs).
2. To implement such a far-reaching agenda, a new global partnership for poverty eradication and sustainable development is required. It should transform and strengthen the way in which the international community works together.
3. Significant progress has already been achieved. The proposal from the Open Working Group on Sustainable Development Goals (SDGs), the report of the Intergovernmental Committee of Experts on Sustainable Development Financing and the UN Secretary-General's synthesis report show that an agreement on an ambitious Post-2015 Agenda for people and the planet leaving no-one behind is within reach.
The Council on 26 May 2015 participated in a meeting with the European Parliament and the Commission to discuss the issue of the outstanding bills in the EU budget. The Council and the European Parliament took note of the Commission's outlook according to which the backlog of outstanding payment claims for the 2007-2013 cohesion programmes could decrease to around €2.0 billion by the end of 2016. At the end of 2014 the backlog of outstanding payment claims for the 2007-2013 cohesion policy programmes reached a peak of €24.7 billion.
Reasons that contributed to phasing outThe difficult decisions taken by the two arms of the EU budgetary authority have contributed to stabilize and reduce the backlog. Thus, in 2013 the Council and the Parliament approved an increase in payments of around €11.8 billion. At the end of last year the two arms of the EU budgetary authority agreed to increase payments in the 2014 EU budget and to mobilise the contingency margin to tackle the unprecedented level of unpaid bills. The expected reduction in the backlog is also due to a significant decrease in payment claims for cohesion programmes for 2007-2013 which is likely over the next months as these programmes come to a close.
Early warning systemThe inter-institutional meeting took note of a draft joint statement on a payment plan for 2015-2016 agreed between the Latvian presidency and representatives of the Parliament and the Commission on 19 May 2015. The draft joint statement includes a commitment by the two arms of the EU budgetary authority to phase out the unsustainable backlog of outstanding payment claims for the 2007-2013 cohesion programmes, and moreover to avoid a similar build-up of backlog in the future. The Commission is called upon to scrutinize closely the implementation of the 2014-2020 programmes and to set-up an early warning system.
BackgroundThe draft joint statement on a payment plan is a result of the package deal reached in December 2014 on a number of draft amending budgets for 2014 and the 2015 EU budget. As part of this package the Council, the Parliament and the Commission undertook to agree on a payment plan to reduce the level of unpaid bills before the Commission presents its draft budget for 2016.
Next stepsThe draft joint statement will be submitted to the Council's Permanent Representatives Committee on 27 May, with the approval by the EU finance ministers scheduled for 19 June. The Commission will present its draft budget for 2016 on 27 May.
On 26 May the EU and Timor-Leste signed a short-stay visa waiver agreement at a ceremony that took place in Brussels. On behalf of the EU, the agreement was signed by H. E. Ilze Juhansone, Ambassador, Permanent Representative of the Republic of Latvia, Chairman of the Permanent Representatives Committee, and by Yolanda Gallego-Casilda Grau, Head of Unit "Visa Policy", European Commission. For Timor Leste, Roberto Sarmento de Oliveira Soares, Vice Minister for Foreign Affairs and Cooperation, signed the agreement.
The new visa regime provides for visa-free travel for EU citizens when travelling to the territory of Timor-Leste and for citizens of this country when travelling to the EU, for a period of stay of 90 days in any 180-day period.
In order to benefit from visa-free travel, citizens from the EU and Timor-Leste must be in possession of a valid ordinary, diplomatic, service/official or special passport. Visa-free travel applies to all categories of persons and for any kind of purposes of travel (for instance tourism, cultural visits, scientific activities, family visits, business etc.), except to persons travelling for the purpose of carrying out a paid activity.
The decision on the conclusion of the agreement will now be sent to the European Parliament with a view to obtaining its consent before it can be concluded. However, it will apply on a provisional basis as from 26 May 2015.
Ireland and the United Kingdom will not be subject to the application of the agreement, in accordance with the protocols annexed to the EU treaties. The visa regime to these member states remains subject to their national legislation.
Latvian Presidency and the European Parliament on 28 May 2015 after lengthy discussions over 12,5 hours, turning to be the longest trialogue in the ECOFIN history, reached a provisional agreement on a regulation on a European fund for strategic investments (EFSI) aimed at stimulating the economy.