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19 March 2020

Adaptation to European Union economic and financial law

During the Council of Ministers meeting on 18 March 2020, the Minister of Economy and Finance and the Minister of State attached to the Minister of Economy and Finance unveiled various provisions for adaptation to European Union (EU) economic and financial law.
 
A letter of amendment rounds off the bill laying down various provisions for adaptation to EU economic and financial law with regard to two points.

First, it suggests empowering the Government to take, by Ordinance, the measures to transpose several European texts governing the movement and marketing of veterinary medicines and medicated feed, particularly in a bid to increase their availability within the EU, encourage innovation and ease existing red tape in this area.

Second, the letter of amendment adds to the bill an article empowering the Government to take, by Ordinance, the measures which might be necessary at the end of the transition period established by the UK’s withdrawal agreement from the EU.

During this transition period, the EU and the UK are negotiating a new partnership defining their future relationship. The EU Member States have mandated the European Commission for that purpose, represented by Michel Barnier, who has the French Government’s full backing in this undertaking.

Whatever the outcome of these negotiations, the Government considers it paramount to be able, where applicable, to take the measures that are strictly necessary for safeguarding French interests in order to take into consideration the UK’s new status with regard to the EU.

Empowering the Government in this way, as justified by this exceptional situation, will enable it to respond, where applicable within tight timescales. The need for the measures to be adopted will, however, be assessed in due course in light of the progress made in the ongoing negotiations; these measures will be taken in liaison with the European Commission, in keeping with its mandate.