Brussels: The priorities of Cyprus' Presidency were presented to the European Parliament's Committee on the Internal Market and Consumer Protection (IMCO) by the Minister of Energy, Commerce, and Industry, Michalis Damianos, alongside the Deputy Minister of Research, Innovation, and Digital Policy, Nikodimos Damianou. The presentation took place on Tuesday morning in Brussels, emphasizing the importance of cooperation with the European Parliament.
According to Cyprus News Agency, Damianos highlighted that Cyprus is assuming the Presidency during a transformative period for Europe, marked by geopolitical uncertainties, global competition, and rapid technological changes. These factors, he noted, exert pressure on the economic model and impact the functioning of the Single Market, necessitating a coordinated European response.
In outlining the political vision of the Cyprus Presidency, Damianos introduced the motto "An Autonomous Union, Open to the World," underscoring a competitive and decisive Union that remains open and rooted in shared European values. Central to this vision is the strengthening and completion of the Single Market, described by Damianos as Europe's greatest economic achievement and a strategic asset.
Damianos emphasized the challenges of fragmentation and uneven rule application within the Single Market. The Cypriot Presidency aims to implement the Single Market Strategy, enhance enforcement, and prevent new barriers to maximize the market's potential for citizens and businesses.
Addressing worker postings, Damianos pointed to the need for an electronic declaration to ease administrative burdens while protecting workers' rights. He assured that Cyprus would work closely with the European Parliament to advance discussions and achieve compromises.
On consumer protection, Damianos stressed its vital role in the Single Market, underscoring the need for high protection standards to boost public trust and competitiveness. He referenced the 2030 Consumer Agenda, which addresses challenges in consumer protection amid geopolitical and technological shifts.
The Cyprus Presidency plans to promote the 2030 Consumer Agenda in the COMPET Council, focusing on safeguarding vulnerable consumers, especially minors. Damianos highlighted the necessity of consistent rule application to ensure consumer protection and fair competition, advocating for strengthened cooperation, improved market surveillance, and better use of digital tools.
Regarding digital transformation, Damianos acknowledged additional challenges in consumer protection, particularly online. He noted existing legislative frameworks but stressed the need for effective implementation to build consumer trust while maintaining Single Market unity.
In conclusion, Damianos emphasized simplification and better regulation, supporting clear and proportionate rules that foster innovation and growth while protecting consumers. He reassured the IMCO Committee of Cyprus' commitment to a fair, competitive, and resilient Single Market, benefiting consumers, businesses, and citizens across the Union.