Russia’s aggression against Ukraine and uncertainties in the international economy are severely impacting the EU’s socio-economic outlook. 

This commitment includes safeguarding the economic principles that form the backbone of the European project. To this end, the Presidency will focus on finalising the Union’s economic governance review, on continued financial support to Ukraine, and on legislation governing the Banking Union and the Capital Markets Union. Moreover, the Presidency will work on narrowing the VAT gap, on EU own resources, on completing the mid-term review of the Multiannual Financial Framework (MFF), and on revising legislation related to the Customs Code as well as taxation rules for cross-border teleworking.

As the Belgian Presidency will straddle the close of one European parliamentary term and the start of another, it will work to finalise major outstanding files while also stimulating discussion on the economic state of the Union and its future.