NATO summit
European Commission President Jean-Claude Juncker, EU High-Representative/Vice-President Federica Mogherini and European Council President Donald Tusk participated in the NATO Summit in Brussels on 11 and 12 July. The European Union and NATO are strategic partners, cooperating to promote peace and stability in the Euro-Atlantic area, as reconfirmed in the Joint Declaration on EU – NATO cooperation signed by Presidents Juncker and Tusk and Secretary General of NATO Jens Stoltenberg on Tuesday (10 July).
EC forecasts resilient growth for the EU economy amid increased uncertainty
Growth is set to remain strong in 2018 and 2019 at 2.1% and 2% respectively in both the EU and the euro area, according to the European Commission's summer 2018 interim economic forecast released on 12 July. For the UK economy the outlook remains subdued.
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Commission takes further action to improve consumer protection against toxic substances
On 11 July, the Commission took action to restrict the placing on the market of articles containing four phthalates: DEHP, DBP, BBP and DIBP. Restrictions were already in place on the use of three of the phthalates in toys and childcare items. These will now apply to DIBP. The new measures will also extend the scope of restrictions and limit the use of all four phthalates in any item that may be mouthed or have prolonged contact with the skin or any mucus membrane, These substances are commonly used in plasticised materials and found in a wide variety of everyday products, from toys to sport equipment. Phthalates can be dangerous for humans due to their toxic effects on reproductive health.
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The EU's External Investment Plan: first projects in Africa and the neighbourhood
As part of its External Investment Plan (EIP), the EU gave its green light to a package of financial guarantee programmes worth around €800 million on 10 July. This will help leverage an estimated €8-9 billion in public and private investment in Africa and the neighbourhood. The decision is a major milestone towards delivering investments in Africa and countries neighbouring the EU. The EIP is expected to leverage €44 billion of investments overall, through an EU contribution worth €4.1 billion. It aims to promote inclusive growth, job creation and sustainable development, thus tackling some of the root causes of irregular migration.
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All this week's key European Commission announcements can be found here
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