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EIT Digital: Enhancing the Global Impact of European Innovation

Vlad Poptamas

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Reading Time: 2 minutes

 

The EIT Digital Strategic Innovation Agenda 2020-2022

EIT Digital presented its Strategic Innovation Agenda for the period 2020-2022, outlining plans to strengthen Europes position in the digital world and to help business and entrepreneurs to be at the forefront of digital innovation. The document was officially handed over to European Commission Vice-President Andrus Ansip and MEP Eva Kaili.

 

We have identified five core challenges that need to be addressed in order to build a strong digital Europe,” said EIT Digital CEO Willem Jonker.

  1. We need to bring European values to the digital world by building global European digital businesses and scaling up disruptive digital ventures that have potential for global success.
  2. We have to further address fragmentation to support digital enterprises and entrepreneurs. The completion of the Digital Single Market must be accelerated and the whole of Europe turned into a “de facto” domestic market for European entrepreneurs.
  3. It is necessary to raise R&D investments in digital technologies and emphasise on software, where currently American and Asian companies are leading the way.
  4. We must strongly increase deep tech innovation investments and take mature research results from laboratory to market, especially by means of entrepreneurship.
  5. And we have to adapt the European education system to the digital reality, to equip people with the right digital skills, and to deploy digital technology in order to support education.

The Strategic Innovation Agenda outlines EIT Digital’s strategy for the coming years and provides concrete answers to these core challenges.

EIT Digital buildon strong achievements and will focus in coming years on further increasing the global impact of European actors in the digital world,” emphasised Willem Jonker. “We will do so by selecting and growing the most promising European digital technology from our ecosystem and beyond, and by supporting the attraction andeducation of necessary digital talent.”

Building on a strong partner ecosystem of business, research and academia, EIT Digital applies key instruments to strengthen European digital innovation:

  • Drive market uptake of top European research results: EIT Digital facilitates cross-border innovation collaboration to bring promising, mature research results out of the lab and quickly into the market. For the first time ever, EIT Digital opens in 2019 its call for proposals beyond its 200-strong partner network to generate even more commercially competitive innovations.
  • Support international growth: The EIT Digital Accelerator helps fast-growing European deep tech scaleups to expand internationally and become dominant global players.
  • Fuelling the European market with digital entrepreneurs through education: The EIT Digital Academy equips talents with solid technical knowledge and the necessary entrepreneurship and business skills to spot opportunities, understand market needs and capitalise on them.

For more information visit: http://www.eitdigital.eu

Follow EIT Digital on Twitter: @EIT_Digital

 

SOURCE EIT Digital

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EU-Japan trade agreement enters into force

Vlad Poptamas

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Photo source: porttechnology.org
Reading Time: 4 minutes

 

The Economic Partnership Agreement (EPA) between the EU and Japan enters into force on 1 February 2019. Businesses and consumers across Europe and in Japan can now take advantage of the largest open trade zone in the world.

President of the European Commission Jean-Claude Juncker said: “Europe and Japan are sending a message to the world about the future of open and fair trade. We are opening a new marketplace home to 635 million people and almost a third of the world’s Gross Domestic Product, bringing the people of Europe and Japan closer together than ever before. The new agreement will give consumers greater choice and cheaper prices; it will protect great European products in Japan and vice-versa, such as the Austrian Tiroler Speck or Kobe Beef; it will give small businesses on both sides the chance to branch out to a completely new market; it will save European companies 1 billion euro in duties every year and turbo-boost the trade we already do together. More than anything, our agreement shows that trade is about more than quotas and tariffs, or millions and billions. It is about values, principles and fairness. It makes sure that our principles in areas such as labour, safety, climate and consumer protection are the global gold-standard. This only happens when you work with the most natural of partners, separated by thousands of kilometres but united in friendship and values.

Cecilia Malmström, Commissioner for Trade, said: “This agreement has it all: it scraps tariffs and contributes to the global rulebook, whilst at the same time demonstrating to the world that we both remain convinced by the benefits of open trade. As of 1 February, European companies will benefit from removed tariffs and simplified customs procedures. Our manufacturers, our service providers, our tech start-ups and our farmers all have something to celebrate. I am also proud that we have locked in our Paris climate deal commitments into a trade agreement for the first time, as well as setting high standards for workers’ rights and consumer protection. The stage is set for a significant boost in trade between us, which in turn creates jobs and lowers prices. It is now up to businesses and individuals to make the very most out of these new trade opportunities. We also count on all EU Member States to spread this message far and wide.

The Economic Partnership Agreement removes the vast majority of the €1 billion of duties paid annually by EU companies exporting to Japan. Once the agreement is fully implemented, Japan will have scrapped customs duties on 97% of goods imported from the EU.   The agreement also removes a number of long-standing non-tariff barriers, for example by endorsing international standards on cars. It will also break down barriers for key EU food and drink exporters to 127 million Japanese consumers and will increase export opportunities in a range of other sectors. Annual trade between the EU and Japan could increase by nearly €36 billion once the agreement is implemented in full.

The EU and Japan have agreed to set ambitious standards on sustainable development, and the text includes for the first time a specific commitment to the Paris climate agreement.

The key parts of the Economic Partnership Agreement

With regards to agricultural exports from the EU, the agreement will, in particular:

  • scrap Japanese duties on many cheeses such as Gouda and Cheddar (which currently are at 29.8%) as well as on wine exports (currently at 15% on average);
  • allow the EU to increase its beef exports to Japan substantially, while on pork there will be duty-free trade in processed meat and almost duty-free trade for fresh meat;
  • ensure the protection in Japan of more than 200 high-quality European agricultural products, so called Geographical Indications (GIs), and the protection of a selection of Japanese GIs in the EU.

The agreement also secures the opening of services markets, in particular financial services, e-commerce, telecommunications and transport. It furthermore:

  • facilitates to EU companies access to the procurement markets of 54 large Japanese cities, and removes obstacles to procurement in the economically important railway sector at national level;
  • addresses specific sensitivities in the EU, for instance in the automotive sector, with transition periods of up to 7 years before customs duties are eliminated.

The agreement also includes a comprehensive chapter on trade and sustainable development; includes specific elements to simplify for small and medium-sized businesses; sets very high standards of labour, safety, environmental and consumer protection; strengthens EU and Japan’s commitments on sustainable development and climate change and fully safeguards public services.

Concerning data protection, the EU and Japan adopted decisions on 23 January of this year to allow personal data to flow freely and safely between the two partners. They agreed to recognise each other’s data protection systems as ‘equivalent’, which will create the world’s largest area of safe data flows.

As of 1 February, a large part of another agreement – the Strategic Partnership Agreement between the European Union and Japan – also applies on a provisional basis.  This Agreement, which was signed in July of last year together with the Economic Partnership Agreement, is the first-ever bilateral framework agreement between the EU and Japan and strengthens the overall partnership by providing an overarching framework for enhanced political and sectoral cooperation and joint actions on issues of common interest, including on regional and global challenges. The Agreement will enter into force once it has been ratified by all EU Member States.

Next steps

The Economic Partnership Agreement is now in force. To take stock of the initial months of implementation, the first EU-Japan committee meeting will be convened in April 2019 in Brussels.
On the parallel issue of investment protection, negotiations with Japan continue on standards and investment protection dispute resolution, with a meeting of Chief Negotiators scheduled for March. The firm commitment on both sides is to reach convergence in the investment protection negotiations as soon as possible, in light of their shared commitment to a stable and secure investment environment in Europe and Japan.

For more information

MEMO on the Economic Partnership Agreement

Dedicated website including:

  • Factsheets:
  • Infographics:

Factsheet on the Strategic Partnership Agreement

Social media: @Trade_EU

IP/19/785

Press contacts:

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