| Author (Corporate) | European Commission: DG Communication |
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| Series Title | Press Release |
| Series Details | IP/06/1562 (14.11.06) |
| Publication Date | 14/11/2006 |
| Content Type | News |
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The European Commission has put forward a proposal to cut, jointly with Member States, the administrative burden for companies by 25% by 2012. This could lead to an increase of an estimated 1.5% in EU GDP and subsequently more investment for growth and new jobs, amounting to €150 billion. To achieve this target, Member States and regional and local authorities must also give a new political momentum to their own efforts to cut red tape. This is one of the forward looking initiatives contained in the first strategic review of the "Better Regulation" initiative. The strategic review assesses the progress to date and makes an ambitious set of proposals. The system for impact assessment of all major new proposals for legislation will be beefed up to ensure quality and objectivity through the establishment of an Impact Assessment Board. Furthermore, 43 new initiatives have been added to the simplification rolling programme covering the period 2006-2009 across a broad spectrum of policy areas. These include actions in the agriculture domain, for manufactured goods including construction products, cosmetics, and industrial emissions. |
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| Source Link | Link to Main Source http://europa.eu/rapid/pressReleasesAction.do?reference=IP/06/1562&format=HTML&aged=0&language=EN&guiLanguage=en |
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| Subject Categories | Politics and International Relations |
| Countries / Regions | Europe |
