Alastair Blair of Accenture Becomes Ibec President US Presidential
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Issue 15 | Autumn 2020 Ireland navigates COVID-19 and Brexit US Presidential election – what the outcome means for Irish business A profile of Commissioner for Financial Services Mairead McGuinness Alastair Blair of Accenture becomes Ibec President In this issue… From the editor ..............................................................................3 COVID-19 ......................................................................................5 Future EU-UK relations ..................................................................7 Ireland – new Oireachtas committees ..........................................11 General EU affairs ........................................................................12 Global Trade and International Affairs....................................... ....16 Ibec Member in Focus – Accenture................................... ..........18 Profiles – Commissioner for Financial Services Mairead McGuinness and Commissioner for Trade Valdis Dombrovskis. ........................19 EU Member States Overview. ......................................................22 Sectoral Update ..........................................................................24 From our Policy Desks .................................................................26 Ibec Europe Events and Activities ................................................27 2 Ibec Europe & Global Focus | Issue 15 | Autumn 2020 From the Editor Pat Ivory Director of EU & International Affairs Phone: +353 1 605 15 71 Email: [email protected] Europe deals with COVID-19 while preparing for end of Brexit transition period and Joe Biden is elected U.S. President Welcome to the fifteenth edition of Ibec Europe & standards), fisheries, and governance, including dispute Global Focus. As we publish this edition, Ireland, settlement mechanisms, persist, with the necessary along with most of Europe, is in a Level 5 ‘lockdown’ compromises still to emerge to enable a deal to be in response to a second wave of COVID-19, with reached. We examine the challenges of the Internal business and society facing restrictions similar to those Market Bill and how it impacts on the Northern experienced earlier this year. While the restrictions Ireland Protocol. Lastly, we provide a trade and appear to be lowering cases of the virus, business – in customs to do list to get your business Brexit ready. particular retail and hospitality - face into an uncertain On general EU Affairs, we analyse the European Christmas trading period. The announcement of Commission’s ‘State of the Union’ and the progress on developing and producing vaccines for Commission’s 2021 Work Programme. Commission COVID-19 provides some positive news as we look President von der Leyen’s speech formed the basis of forward to 2021. this programme’s agenda, focusing on green, digital, While the world grapples with the second wave, the health and economy related proposals. We discuss the outcome of the U.S. Presidential election, held on 3 two October European Council meetings. The first November, has become clear. Former Vice-President covering COVID-19, the single market, industrial and 2020 Democratic nominee Joe Biden defeated policy, and the digital transition. The second including incumbent Republican U.S. President Donald the progression of the second wave of COVID-19, Trump and in an historic victory, won more than 270 future relations with the UK, climate change, foreign electoral votes and 78.8 million of the popular vote. affairs, and relations with Africa. Biden was a success story for the Democrats in an On Global Trade and International Affairs, we otherwise mixed election in which they, after losing delve into U.S. affairs and their Presidential election several seats held a reduced majority in the House of which has material implications for both U.S. trade Representatives and failed to win the Senate. In this policy and the future of global rules-based trading issue, we outline the significant features of the election systems. We look at the international trade position and look at what the outcome might mean for the of President-Elect Biden and what it is likely to mean EU-U.S. relationship, Ireland and Brexit. for the world, and the impact of the Schrems II ruling As the end of the Brexit transition period approaches, on EU-U.S. relations. We examine WTO concerns we take stock of the EU-UK negotiations. At the such as the Airbus-Boeing dispute which the EU has time of writing, the talks continue to progress without identified as crucial to resolve to improve the trading interruption. The omnipresent areas of disagreement, relationship with the U.S., and the contested WTO the level playing field (subsidy rules and regulatory Director General competition. As the end of the Brexit transition period approaches, we take stock of the EU-UK negotiations. The omnipresent areas of disagreement persist Ibec Europe & Global Focus | Issue 15 | Autumn 2020 3 From the Editor In our Member in Focus piece, we profile Accenture medtech provides an update on the progress of the Country Managing Director (Ireland), Alastair Blair, Medical Device Regulation (MDR) and tell us of as he steps into the role of the new Ibec President as the opportunities presented by virtual audits. In our business navigates the dual challenges of COVID-19 policy update in this issue we look at Budget 2021, and Brexit. the largest in the history of the Irish State, totalling €17.75 billion; a scale appropriate given the challenges In this edition, we also profile the new Irish and uncertainty Brexit and COVID-19 present us Commissioner Mairead McGuinness who has been with going into 2021. appointed the Commissioner for Financial Stability, Financial Services and the Capital Markets Union and Finally, in our events section we look back on the series her agenda for this institutional cycle. McGuinness, of Brexit webinars and technical sessions we have previously Vice President of the European Parliament, recently held in order to help our members prepare is Ireland’s second female Commissioner, and for all outcomes at the end of this year. Engagements her inclusion will bring the number of female have included webinars with Minister for Foreign Commissioners in the College to 13. We also look Affairs Simon Coveney, the Department of Business, at Executive Vice President Valdis Dombrovskis Enterprise and Innovation, the Department for who becomes the new Trade Commissioner and the Transport, the Revenue Commissioners. Among our priorities of his Trade agenda. other high-profile engagements this quarter have been the Ibec-CBI Joint Business Council annual conference In our overview of the latest developments in member at which Mairead McGuinness, Commissioner for states, we look at Germany where Angela Merkel, Financial Stability, Financial Services and Capital Chancellor since 2005, is due to depart her role in Markets Union gave one of her first addresses in her 2021 and we highlight the possible candidates for new role. We also cover a webinar with Executive a successor. We also look at Italy, where in a recent Vice-President of the European Commission and referendum the size of the Parliament and Senate has Commissioner for Competition Margrethe Vestager been significantly reduced and at Belgium, where a and President of the Eurogroup and Minister for new government has been formally appointed with Finance Paschal Donohoe. new Prime Minister Alexander de Croo taking office just in advance of a new COVID-19 ‘lockdown’. As always, we hope you enjoy this issue of Ibec Europe & Global Focus and we look forward to We hear from the Ibec sector representing the engaging with you further on any of the issues medtech industry in Ireland, who tell us of the featured here. In the meantime, we hope you are challenges COVID-19 has presented for them. Irish keeping safe and well. If you want to pick up on any of these items, don’t hesitate to contact any member of the team. Neil Willoughby Austin Dowling Jennifer Wallace Andra Bodoni Senior Executive European Affairs Executive, Trade & Office & Events European Affairs Executive International Affairs Manager +32 2 740 14 33 +32 2 740 14 34 + 353 1 605 1526 +32 2 740 14 30 [email protected] [email protected] [email protected] [email protected] 4 Ibec Europe & Global Focus | Issue 15 | Autumn 2020 COVID-19 COVID-19 Ireland and Europe Germany At the end of October Germany closed many return to lockdown as bars, restaurants and non-essential businesses nationwide, including many retail businesses, cases increase gyms and cultural venues. Contact between Ireland and other EU member states once again households will be limited. Hairdressers are face challenging choices brought on by the permitted to remain open, and schools and growth in cases of COVID-19 in October. nurseries will also remain open. The decision by the Irish government to place The plan at present is for the measures to run the country under Level 5 COVID-19 restrictions until the end of November with a review in the was followed, at the end of October, by other middle of the month. member states including France and Germany which have both entered into lockdowns similar Under the new restrictions, companies with up to the ones seen across the EU in March. This to 50 employees will receive aid of up to 75% of time, however, more activities will be maintained, their sales revenue for the same month in 2019. including schools as well as many factories, €10 billion is being made available to fund this. construction