It seems to be a new and potentially dangerous trend across the globe. In a pincer movement supranational and multilateral institutions such as the European Union (EU) and the Organization for Co-operation and Economic Development (OECD) are trying to implement strategies for international taxation while at the same demonizing so-called “tax havens”.
Especially in difficult times, we have to remember that liberty and Freedom are the essence of a strong Europe. Europe has seen various crises in recent years. We are still grappling with the repercussions of the financial and debt crisis as we experience drastic challenges following the massive refugee – flows to Europe. In addition to these events, our economy in general is experiencing dramatic shifts and it is likely that this dynamic will even accelerate in the future. Digitalisation has led to changes in almost every sector, emerging economies are rapidly growing and new competitors defy established players.
In order to successfully deal with these challenges and achieve higher growth respectively, Europe needs to become more competitive. This requires a comprehensive strategy setting out key policies to make sure that Europe remains a place for great economic opportunities allowing businesses the optimum level of freedom in order to create a sufficient number of jobs.
To maintain prosperity and high living standards, we need to further promote entrepreneurship and secure a strong manufacturing base in combination with a highly performing service sector. Europe must provide conditions that foster business creation, drive investment and enable the development of innovative technologies on the continent. Innovative policy measures and active reform at both the European and the national level are needed to deliver growth, attract investment and encourage the creation of jobs by our businesses.
Only together we can manage the challenges ahead. In order to promote informative exchanges among a wide range of stakeholders I wish you all a successful “Free Market Road Show” 2016.
It is now a bit more than a year since the Junker-Commission started its work, and a lot has been done since to move the European single market forward. At the same time, it cannot be ignored, that Europe is confronted today with numerous serious political challenges at its borders, which put its economic activity at risk. In this regard, I am glad that the Free Market Road Show 2016 reminds us of the pacifying impact of Free Market.
Free market means enhancing economic governance, strengthening fiscal stability and supporting structural reforms for improved competitiveness, inclusive growth and social development, which are keys to boost a country's economy. Working on improving free market economy is the best remedy to stimulate economic growth, give young people in and outside Europe the perspective of employment and thus contribute to stability which is our core goal in the European neighbourhood. Moreover, free market has an impact which goes beyond purely economic considerations. It is closely linked to the necessity of improvements in the domain of good political governance and democracy as well as in the fight of corruption and transparency.
The Free Marked Roadshow, moving through 35 capitals in Europe and the Caucasus offers a relevant forum to spread and discuss the numerous advantages and possible improvements linked to the European Internal Market.
Time has come to discuss freedom in the land of the free! On November 11, the Free Market Road Show will make its first stop on American soil. At Texas Tech University our speakers will discuss what lessons American politicians and policy makers can learn from the Europe.
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