Estonia is holding its first term as the presidency of the Council of the European Union from July to December 2017. In the Council of the European Union, 28 Member States make decisions on policies affecting the welfare and security of more than 500 million EU citizens.
The role of the presidency is to seek common ground among the different opinions of Member States, and guide the Member States towards agreements - to be an honest broker acting for the common benefit of the whole.
Estonia’s priority in finance and tax policy during the presidency of the EU is to help develop an open and innovative economy in Europe. The goal of the EU as a whole is to promote economic growth which should have a perceivable positive influence on the residents of each member state.
- During the Presidency, Estonia has the responsible role of leading the negotiations of the 2018 budget.
- We wish to make good progress in strengthening the European financial sector so that it could be more resistance to economic imbalances. This includes strenghtening the EU’s Banking Union market and Capital Union market.
- We also intend to move forward with initiatives that help to modernize taxation system. Taxation must take into account the developments of digital economy and become more neutral, fair and transparent.
As the president of the EU Council we will communicate to the media and the international public, the process of reaching common positions as well as the substantive topics and issues discussed. We organise the sessions of the Council of the European Union and working groups – to prepare agendas and chair meetings. We will present and support agreements between Member States in negotiations with the European Commission and the European Parliament.
The most important event in finance and tax policy during the presidency of the EU is the informal meeting of Economic and Financial Affairs Council that takes place in Tallinn in the middle of September.
In total Estonia will organise more than 2,000 meetings in Brussels, and 230 events in Estonia. Informal meetings in Estonia will provide an opportunity to highlight important issues and contribute to the development of common positions.
The events held in both Estonia and Brussels will also provide a unique opportunity to promote Estonia as the country holding the EU presidency. More than 20,000 visitors are expected to attend the presidency events in Estonia over the six-month term of the presidency.
Further information about the presidency of the Council of the European Union and its organisation is available at eu2017.ee. You can also stay up to date on the preparations for the EU presidency through Facebook and Twitter.Further information is available at the website of the Council Secretariat.