Relevance for Business: Businesses supplying medical goods should monitor this development carefully because the EU has not only created this stockpile but has also imposed some pre-clearance rules in regard to certain supplies to the sector (e.g., personal protective equipment).
Green Lanes to speed up trade
EU Response: Commission presents practical guidance to ensure continuous flow of goods across EU via green lanes
Relevance for Business: These guidelines involve an EU-wide approach to foreign direct investment screening, in a time of public health crisis and related economic vulnerability. The aim is to preserve EU companies and critical assets, notably in areas such as health, medical research, biotechnology and infrastructures that are essential for our security and public order, without undermining the EU's general openness to foreign investment.
EU Response: Regulation (EU) 2020/459 of the European Parliament and of the Council of 30 March 2020 amending Council Regulation (EEC) No 95/93 on common rules for the allocation of slots at Community airports.
Relevance for Business: Airports and airlines need to study this measure carefully because it changes the use or lose rules on airport slots.
Coronavirus Response Investment Initiative
EU Response: Regulation (EU) 2020/460 of the European Parliament and of the Council of 30 March 2020 amending Regulations (EU) No 1301/2013, (EU) No 1303/2013 and (EU) No 508/2014 as regards specific measures to mobilise investments in the healthcare systems of Member States and in other sectors of their economies in response to the COVID-19 outbreak (Coronavirus Response Investment Initiative).
Relevance for Business: If businesses have cross-border workers then it is useful to examine these guidelines which cover not just health workers but others as well (e.g., in agriculture).
EU Response: The EU has not formally responded but various parties in the EU are suggesting that the 31 December 2020 deadline for the new agreement be extended. This will require the UK to request an extension (the EU may not extend it unilaterally).
Relevance for Business: If businesses which are affected by Brexit need more time to prepare and want as considered an agreement as possible then they should engage with representatives of the UK Government. Alternatively, businesses may believe that there is no need for an extension and let matters take their course.
General Information on the EU response
EU Response: The European Commission has prepared useful guidance.