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COU CIL OF
   THE EUROPEA U IO                                                                        EN
                                                                 12204/12
                                                                 PROVISIO AL VERSIO
                                                                 PRESSE 317
                                                                 PR CO 43

                                        PRESS RELEASE

                                       3181st Council meeting

                                  Economic and Financial Affairs

                                        Brussels, 10 July 2012

                      President         Mr Vassos SHIARLY
                                        Minister for Finance of Cyprus




                                      PRESS
  Rue de la Loi 175   B – 1048 BRUSSELS     Tel.: +32 (0)2 281 6083 / 6319    Fax: +32 (0)2 281 8026
                press.office@consilium.europa.eu http://www.consilium.europa.eu/Newsroom
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10.VII.2012




                                 Main results of the Council



The Council issued country-specific recommendations to the member states on their economic and
fiscal policies, thus concluding this year's European Semester monitoring exercise (following
endorsement by the European Council). It also issued a specific recommendation for the eurozone
as a whole.

Moreover, in accordance with the "comply or explain" principle established recently under
strengthened economic governance provisions ("six-pack" legislation), the Council issued
explanations in cases where it modified recommendations or opinions proposed by the Commission.

The Council gave the go-ahead to the pilot phase for an initiative aimed at mobilising, via the use
of project bonds, up to EUR 4.5 billion in private sector funding for key infrastructure projects. The
Council's decision follows an agreement reached with the European Parliament.

Up to EUR 200 million will be allocated to a project bonds instrument that will help finance
transport projects in 2012 and 2013; up to EUR 10 million will be allocated to energy projects, and
up to EUR 20 million for ICT and broadband projects. If successful, the pilot phase will be followed
by an operational phase over the 2014-20 period.




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                                                                        CO TE TS1



PARTICIPA TS................................................................................................................................ 6


ITEMS DEBATED

FOLLOW-UP TO THE JUNE EUROPEAN COUNCIL.................................................................... 8

BANK CAPITAL REQUIREMENTS................................................................................................. 9

BANK RECOVERY AND RESOLUTION ...................................................................................... 10

ECONOMIC GOVERNANCE - SECOND PACKAGE................................................................... 11

ECB EXECUTIVE BOARD NOMINATION .................................................................................. 12

PRESIDENCY WORK PROGRAMME ........................................................................................... 13

EUROPEAN SEMESTER – ECONOMIC AND FISCAL POLICY RECOMMENDATIONS ...... 14

EXCESSIVE DEFICIT PROCEDURE - SPAIN .............................................................................. 15

MEETINGS IN THE MARGINS OF THE COUNCIL .................................................................... 16


OTHER ITEMS APPROVED

ECO OMIC A D FI A CIAL AFFAIRS

–       Project bonds ......................................................................................................................................................... 17

–       Financial assistance to Portugal............................................................................................................................. 17

COHESIO POLICY

–       Management and control systems for EU funds.................................................................................................... 18

–       Seaport infrastructures........................................................................................................................................... 18




1
        Where declarations, conclusions or resolutions have been formally adopted by the Council, this is indicated
        in the heading for the item concerned and the text is placed between quotation marks.
        Documents for which references are given in the text are available on the Council's Internet site
        (http://www.consilium.europa.eu).
        Acts adopted with statements for the Council minutes which may be released to the public are indicated by
        an asterisk; these statements are available on the Council's Internet site or may be obtained from the Press
        Office.

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EUROPEA ECO OMIC AREA

–   Cooperation on the environment and sport............................................................................................................ 18

–   Spatial data ............................................................................................................................................................ 18

–   Coordination of social security systems - Measures for migrants ......................................................................... 19

–   Participation in EU actions in the field of the internal market .............................................................................. 19

–   European earth monitoring programme................................................................................................................. 19

–   Charging of heavy goods vehicles......................................................................................................................... 19

FOREIG AFFAIRS

–   Côte d'Ivoire - Restrictive measures ...................................................................................................................... 20

TRADE POLICY

–   Anti-dumping - Plastic sacks and bags - China and Thailand ............................................................................... 20

DEVELOPME T COOPERATIO

–   Common external relations information system.................................................................................................... 20

AGRICULTURE

–   Direct payments to farmers in 2013 ...................................................................................................................... 20

E ERGY

–   Ecodesign requirements for household tumble driers............................................................................................ 21

TRA SPORT

–   Marine equipment.................................................................................................................................................. 21

FISHERIES

–   Illegal, unreported and unregulated fishing ........................................................................................................... 22

–   Bering Sea Convention - Management of pollock resources................................................................................. 22

E VIRO ME T

–   Greenhouse gas emission allowances.................................................................................................................... 23

–   Biological diversity in the Mediterranean ............................................................................................................. 24

HEALTH

–   Tick-borne encephalitis ......................................................................................................................................... 24

–   Marketing authorisations for medicinal products - Medical devices ..................................................................... 25


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APPOI TME TS

–   New member of the Court of Auditors .................................................................................................................. 25

–   Committee of the Regions ..................................................................................................................................... 25




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PARTICIPA TS


Belgium:
Mr Steven VANACKERE         Deputy Prime Minister and Minister for Finance and
                            Sustainable Development, with responsibility for the Civil
                            Service
Bulgaria:
Mr Dimiter TZANTCHEV        Représentant Permanent
Czech Republic:
Mr Radek URBAN              Deputy Minister for Finance, Financial Market Section
Mr Tomáš ZÍDEK              Deputy Minister for Finance, International Relations and
                            Financial Policies Section
Denmark:
Ms Margrethe VESTAGER       Minister for Economic Affairs and the Interior
Germany:
Mr Thomas STEFFEN           State Secretary at the Federal Ministry of Finance
Estonia:
Mr Jürgen LIGI              Minister for Finance
Ireland:
Mr Michael NOONAN           Minister for Finance
Greece:
Mr Ioannis STOURNARAS       Minister for Finance
Spain:
Mr Luis DE GUINDOS JURADO   Minister for Economic Affairs and Competitiveness
France:
Mr Pierre MOSCOVICI         Ministre de l'Économie et des Finances
Mr Ramon FERNANDEZ          Directeur générale du Trésor
Italy:
Mr Mario MONTI              Prime Minister and Minister of Economy and Finance
Cyprus:
Mr Vassos SHIARLY           Minister for Finance
Latvia:
Mr Andris VILKS             Minister for Finance
Lithuania:
Mr Raimundas KAROBLIS       Représentant Permanent
Luxembourg:
Mr Luc FRIEDEN              Minister for Finance
Hungary:
Mr Gyula PLESCHINGER        State Secretary, Ministry for National Economy
Malta:
Mr Tonio FENECH             Minister for Finance, the Economy and Investment
 etherlands:
Mr Jan Kees de JAGER        Minister for Finance
Austria:
Ms Maria FEKTER             Federal Minister for Finance
Poland:
Mr Jacek ROSTOWSKI          Minister for Finance
Portugal:
Mr Vítor GASPAR             Ministro de Estado, Minister for Finance
Romania:
Mr Claudiu DOLTU            State Secretary, Ministry of Finance




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Slovenia:
Mr Janez ŠUŠTERŠIČ                                    Minister for Finance
Slovakia:
Mr Peter KAŽIMÍR                                      Deputy Prime Minister, Minister for Finance
Finland:
Ms Jutta URPILAINEN                                   Deputy Prime Minister, Minister for Finance
Sweden:
Mr Peter NORMAN                                       Minister for Financial Markets
United Kingdom:
Mr Mark HOBAN                                         Financial Secretary to the Treasury




Commission:
Mr Olli REHN                                          Vice President
Mr Michel BARNIER                                     Member
Mr Algirdas ŠEMETA                                    Member




Other participants:
Mr Vítor CONSTÂNCIO                                   Vice-President of the European Central Bank
Mr Werner HOYER                                       President of the European Investment Bank
Mr Thomas WIESER                                      President of the Economic and Financial Committee
Mr Hans VIJLBRIEF                                     President of the Economic Policy Committee
M. Andrea ENRIA                                       Chairperson of the European Banking Authority




The government of the acceding state was represented as follows:

Croatia:
Mr Slavko LINIĆ                                       Minister for Finance




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ITEMS DEBATED


FOLLOW-UP TO THE JU E EUROPEA COU CIL

The Council discussed the follow-up to be given to the European Council's meeting on 28 and
29 June as regards:

-      work on the establishment of a genuine economic and monetary union;

-      the process to be followed in establishing a single European banking supervisor.

On the first issue, the President of the European Council has been invited, with the presidents of the
Commission, the Eurogroup and the European Central Bank, to develop a specific and time-bound
work programme, with an interim report in October and a final report at the end of the year.
Member states will be regularly consulted in this work and the Cyprus presidency will endeavour to
facilitate the process.

Establishment of a single banking supervisor will depend in the first instance on the presentation of
proposals by the Commission, scheduled for the autumn. With this in view, the Council held a
preliminary exchange of views.




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BA K CAPITAL REQUIREME TS

The Council was briefed by the presidency on progress in negotiations with the European
Parliament on two proposals amending the EU's rules on capital requirements for banks and
investment firms ("CRD 4").

The Cyprus presidency stated its objective to finalise negotiations as soon as possible. As incoming
presidency it has held its first "trilogues" and has scheduled further meetings with the Parliament on
11 and 12 July. Work under the previous Danish presidency was almost completed on the directive,
with only a few key open issues remaining, and talks are now focused on the regulation.

The negotiations with the Parliament are aimed at adoption of the regulation and directive at first
reading. Outstanding issues include a proposed flexibility package1, bankers' remuneration, crisis
management, sanctions, the balance of power between authorities of "home" and "host" countries,
corporate governance, and powers to be given to the European Banking Authority (EBA).

The proposals set out to amend and replace the existing capital requirement directives2 and divide
them into two new legislative instruments: a regulation establishing prudential requirements that
institutions need to respect and a directive governing access to deposit-taking activities.

They are aimed at transposing into EU law an international agreement approved by the G-20 in
November 2010. The so-called Basel 3 agreement, concluded by the Basel Committee on Banking
Supervision, strengthens bank capital requirements, introduces a mandatory capital conservation
buffer and a discretionary countercyclical buffer, and sets new regulatory requirements for bank
liquidity and bank leverage.

The Council agreed a general approach on 15 May3.

Based respectively on articles 114 and 53(1) of the Treaty on the Functioning of the European
Union, the regulation and the directive will require for their adoption a qualified majority in the
Council and a majority in the Parliament (ordinary legislative procedure).




1
       Flexibility for member states to impose additional measures, such as higher capital
       requirements.
2
       Directives 2006/48/EC and 2006/49/EC
3
       See press release 9399/12.

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BA K RECOVERY A D RESOLUTIO

The Council took note of a presentation by the Commission of its proposal for a directive
establishing a framework for the recovery and resolution of credit institutions and investment firms
(11066/12).

The Council held a preliminary exchange of views.

The proposal, issued by the Commission on 6 June, is aimed at providing supervisory authorities
with common tools and powers to tackle bank crises pre-emptively and to resolve any financial
institution in an orderly manner in the event of insolvency, whilst minimising taxpayers' exposure to
losses.

The directive would establish a range of instruments that supervisory authorities could use:
preparatory and preventative measures, early intervention, and resolution tools and powers. The
main resolution measures would include:

–        the sale of (a part of) business;

–        establishment of a bridge institution (the temporary transfer of good bank assets to a
         publicly controlled entity);

–        asset separation (the transfer of impaired assets to an asset management vehicle)

–        bail-in measures (the imposition of losses, in order of seniority, on shareholders and
         unsecured creditors).

The proposal is aimed at transposing into EU law commitments made at the G-20 Washington
summit in November 2008, when leaders called for a review of resolution regimes and bankruptcy
laws "to ensure that they permit an orderly wind-down of large complex cross-border financial
institutions."

Based on article 114 of the Treaty on the Functioning of the European Union, the directive would
require for its adoption a qualified majority in the Council and a majority in the European
Parliament (ordinary legislative procedure).

The presidency's aim is for the Council to agree a general approach by December, subsequent to
which negotiations with the Parliament will start, with a view to adoption of the directive at first
reading.




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ECO OMIC GOVER A CE - SECO D PACKAGE

The Council was informed by the presidency on the process to be followed with a view to reaching
an agreement with the European Parliament on two draft regulations on economic governance,
namely:

–        a regulation for enhanced monitoring and assessment of draft budgetary plans of euro area
         member states, especially those subject to an excessive deficit procedure;

–        a regulation on enhanced surveillance of euro area member states that are experiencing
         severe financial disturbance or request financial assistance.

The Council confirmed that a general approach agreed at its meeting on 21 February remains the
starting position for the negotiations1. The Parliament established its negotiating position in June
and introduced significant changes to the proposals.

The first "trilogue" meeting with the European Parliament is scheduled for 11 July. An ad hoc
Council working group, created to work on the proposals, discussed the modifications introduced
by the Parliament on 4 July.

This second package of proposals was presented by the Commission in November 2011 following
adoption of the so-called "six-pack" of economic governance proposals2.

The two draft regulations introduce provisions for enhanced monitoring of countries' budgetary
policies. Member states would be required to submit annually to the Council and the Commission
their draft budgetary plans for the next year by 15 October. Closer monitoring would apply to
member states in excessive deficit procedure in order to enable the Commission to better assess
whether a risk of non-compliance with the deadline to correct the excessive deficit exists. Member
states experiencing severe difficulties with regard to their financial stability or receiving financial
assistance on a precautionary basis would be subject to even tighter monitoring than member states
in excessive deficit procedure.

Based on article 136 of the Treaty on the Functioning of the European Union, the regulations
require for their adoption a qualified majority of delegations from the 17 countries of the euro area
as regards the Council and a majority in the Parliament (ordinary legislative procedure).




1
       See press release 6624/12.
2
       For details, see press release 16446/11.

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ECB EXECUTIVE BOARD OMI ATIO

The Council recommended the nomination of Yves Mersch to the executive board of the European
Central Bank for a term of eight years.

If appointed, Mr Mersch will succeed José Manuel González-Páramo, who completed his term of
office on 31 May.

The Council's recommendation will be submitted to the European Council for a decision, after
consulting the European Parliament and the ECB's governing council.

The executive board of the ECB is responsible for implementation of monetary policy for the euro
area, as laid down by the governing council. It is composed of the president, a vice-president and
four other members, all nominated for non-renewable terms of eight years. The governing council is
composed of the six members of the executive board and the governors of the national central banks
of the member states of the euro area.




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PRESIDE CY WORK PROGRAMME

The Council took note of the presentation by the Cyprus presidency of a work programme on
economic and financial matters for the duration of its term of office, which runs from July to
December 2012 (doc. 11754/1/12 REV 1).

The Council held an exchange of views.

The Cyprus presidency intends to focus on effective implementation of recently adopted initiatives
for improving economic governance, ensuring fiscal consolidation, strengthening the European
financial services framework and accelerating structural reforms, with a view to enhancing growth
potential and social cohesion in the EU. The presidency will also give priority to further work on
taxation issues. It will aim for effective coordination with a view to ensuring appropriate
representation of EU positions within international fora, such as G20 meetings, and securing
European interests overall.




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EUROPEA SEMESTER – ECO OMIC A D FISCAL POLICY RECOMME DATIO S

The Council discussed the process followed under the European Semester exercise for the
monitoring of the member states' economic and fiscal policies.

The European Semester is now two years old and, whilst the outcome of this year's exercise is
overall considered as satisfactory, a comprehensive review of implementation is scheduled for
October.

Ministers gave preliminary views on possible improvements that could be made.

Additionally, the Council completed this year's European Semester by adopting, without discussion:

–       recommendations to each member state on the economic policies set out in their national
        reform programmes;

–       opinions on the fiscal policies set out in the member states' stability and convergence
        programmes; and

–       a specific recommendation on the economic policies of the member states of the eurozone.

Adoption of the texts follows their endorsement by the European Council.

Moreover, in accordance with the "comply or explain" principle recently established under
strengthened economic governance provisions ("six-pack" legislation), the Council issued
explanations in cases where it modified recommendations or opinions proposed by the Commission.

For details, see press release 12264/12.




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EXCESSIVE DEFICIT PROCEDURE - SPAI

The Council issued a revised recommendation, under the EU's excessive deficit procedure, on
measures to be taken by Spain to correct its government deficit, giving it an extra year to do so on
account of adverse economic circumstances.

Spain has been subject to an excessive deficit procedure since April 2009. The Council's
recommendation sets 2014 as the new deadline for bringing its deficit below the EU's 3% of GDP
reference value, with headline deficit targets of 6.3% of GDP for 2012, 4.5% of GDP for 2013 and
2.8% of GDP for 2014.

For details, see press release 12387/12.




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MEETI GS I THE MARGI S OF THE COU CIL

The following meetings were held in the margins of the Council:

–       Eurogroup

Ministers of the euro area member states attended a meeting of the Eurogroup on 9 July.

–       Ministerial breakfast meeting

Ministers held a breakfast meeting to discuss the economic situation. They were also informed by
the Chairman of the European Banking Authority of the outcome of a bank recapitalisation exercise
launched in December and completed at the end of June.




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OTHER ITEMS APPROVED


ECO OMIC A D FI A CIAL AFFAIRS


Project bonds

The Council adopted a regulation launching the 2012-2013 pilot phase of the EU project bonds
initiative aimed at mobilising up to EUR 4.5 billion in private sector financing for key strategic
infrastructure projects (PE-CONS 27/12).

Adoption of the regulation follows an agreement reached with the European Parliament on 22 May;
accordingly, the Council accepted all amendments voted by the Parliament at first reading.

Up to EUR 200 million will be allocated to a project bonds instrument that will help finance
transport projects in 2012 and 2013; up to EUR 10 million will be allocated to energy projects, and
up to EUR 20 million for ICT and broadband projects. If successful, the pilot phase will be
followed by an operational phase over the 2014-20 period.

For details, see press release 12331/12.


Financial assistance to Portugal

The Council adopted a decision amending decision 2011/344/EU on the granting of financial
assistance to Portugal, following the fourth review by the Commission, the IMF and the European
Central Bank of Portugal 's progress in implementation of agreed measures (11839/12).




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COHESIO POLICY


Management and control systems for EU funds

The Council adopted conclusions on the special report of the European Court of Auditors entitled
"Did the Commission successfully deal with deficiencies identified in the Member States'
management and control system?", set out in document 11633/12.


Seaport infrastructures

The Council adopted conclusions on a special report by the European Court of Auditors entitled
"Using structural and cohesion funds to co-finance transport infrastructures in seaports: an effective
investment?", set out in document 11632/12.


EUROPEA ECO OMIC AREA


Cooperation on the environment and sport

The Council approved the decision on the position to be taken by the EU within the European
Economic Area (EEA) joint committee concerning an amendment to Protocol 31 to the EEA
agreement, on cooperation in specific fields outside the four freedoms (10500/12).

The decision extends cooperation between the EEA contracting parties will be extended to include
regulation 401/2009 on the Environment Agency and the European environment information and
observation network, as well as to the field of sport.


Spatial data

The Council approved the position to be taken by the EU within the European Economic Area
(EEA) joint committee concerning an amendment to annex XX (environment) to the EEA
agreement (10504/12).

This amendment aims to incorporate certain Commission regulations on spatial data into the EEA
agreement.




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Coordination of social security systems - Measures for migrants

The Council approved the position to be taken by the EU within the European Economic Area
(EEA) joint committee concerning an amendment to protocol 31 to the EEA agreement, on
cooperation in specific fields outside the four freedoms (10508/12).

The aim of this decision is to extend the cooperation of the contracting parties to include
cooperation concerning free movement of workers, coordination of social security systems and
measures for migrants, including migrants from third countries.


Participation in EU actions in the field of the internal market

The Council approved the position to be taken by the EU within the European Economic Area
(EEA) joint committee concerning an amendment to protocol 31 to the EEA agreement, on
cooperation in specific fields outside the four freedoms (concerning Internal Market related EU
budget lines) (11288/12).

The aim of this decision is to allow the contracting parties of the EEA agreement to continue their
participation in EU actions funded from the general budget of the Union regarding the
implementation, operation and development of the internal market.


European earth monitoring programme

The Council adopted a decision on the position to be taken by the EU within the European
Ecoonomic Area (EEA) joint committee concerning an amendment to protocol 31 to the EEA
agreement, on cooperation in specific fields outside the four freedoms (concerning global
monitoring for environment and security) (11413/12).

The aim of this decision is to extend the cooperation of the contracting parties to include the
European earth monitoring programme (GMES).


Charging of heavy goods vehicles

The Council approved the position to be taken by the EU within the European Economic Area
(EEA) joint committee concerning an amendment to annex XIII (transport) to the EEA agreement.

By this amendment, the EU acquis on the charging of heavy goods vehicles for the use of certain
infrastructures will be incorporated into the agreement (9870/12).




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FOREIG AFFAIRS


Côte d'Ivoire - Restrictive measures

The Council implemented in EU law UN Security Council resolution 2045(2012) on Côte d'Ivoire.
The amendments concern the lifting of restrictions on the supply of assistance related to the arms
embargo.


TRADE POLICY


Anti-dumping - Plastic sacks and bags - China and Thailand

The Council adopted a regulation repealing the anti-dumping measures applicable to imports of
certain plastic sacks and bags originating in China and Thailand (11628/12).


DEVELOPME T COOPERATIO


Common external relations information system

The Council adopted conclusions on the European Court of Auditors' special report no. 5/2012 "The
Common External Relations Information System" (11829/12)


AGRICULTURE


Direct payments to farmers in 2013

The Council adopted amendments to regulation 73/2009 on the application of direct payments to
farmers in the year 2013 following a first reading agreement with the European Parliament (33/12).

This regulation (the "2013" regulation) is one of two transitional regulations to be adopted this year
ahead of the Common Agricultural Policy (CAP) reform which is scheduled to enter into force in
2014. The other transitional regulation (agreement expected in September) concerns support to vine
growers.




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10.VII.2012

The aim of the "2013" regulation is to provide for a smooth transition from the current direct
payments system (regulation 73/2009) to the new payments scheme foreseen by the Commission in
the CAP reform proposals.

For details, see press release 12334/12.


E ERGY


Ecodesign requirements for household tumble driers

The Council decided not to oppose the adoption of a Commission regulation implementing
Directive 2009/125/EC 1 with regard to ecodesign requirements for household tumble driers
(10237/12). The directive provides that the Commission shall set those requirements for energy-
related products representing significant volumes of sales and trade, having significant
environmental impact and presenting significant potential for improvement in terms of their
environmental impact without entailing excessive costs.

The Commission regulation is subject to the so called regulatory procedure with scrutiny. This
means that now that the Council has given its consent, the Commission may adopt the decision,
unless the European Parliament objects.


TRA SPORT


Marine equipment

The Council decided not to oppose adoption by the Commission of a directive updating the 1996
Council directive on marine equipment (10216/12). The update incorporates into the 1996 directive
amendments to international conventions and testing standards which have entered into force since
the last update of the directive, and adapts the list of items of marine equipment concerned.

The draft directive is subject to the regulatory procedure with scrutiny; now that the Council has
given its consent, the Commission may adopt it, unless the European Parliament objects.




1
       OJ L 285, 31.10.2009.

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FISHERIES


Illegal, unreported and unregulated fishing

The Council endorsed a draft EU - Japan joint statement on efforts to combat illegal, unreported and
unregulated (IUU) fishing.

As Japan and the EU play a key role in the commercial exploitation of fishery products globally,
they both consider that IUU fishing constitutes one of the most serious threats to the conservation
and sustainable exploitation of resources in the world's oceans. IUU fishing is a global phenomenon
with devastating environmental and socio-economic consequences, particularly for coastal
communities in developing countries which rely on fisheries for their earnings or for nutrition.

Both side consider that IUU fishing is best prevented by international cooperation through regional
fisheries management organisations and international organisations by the adoption of measures to
combat IUU fishing.

Japan and the EU have already put in place legal instruments to combat IUU fishing (e.g. EU
regulation 1005/2008) and recognise that voluntary cooperation and the sharing of information will
maximise the effectiveness of the global fight against IUU fishing.

With this endorsement, the Commission can sign the joint statement on behalf of the EU on the
occasion of a meeting scheduled early July with Japan.


Bering Sea Convention - Management of pollock resources

The Council adopted a decision establishing the position to be adopted on behalf of the EU in the
framework of the Convention on the conservation and management of pollock resources in the
Central Bering Sea.

The objectives of this convention are:

–       to establish an international regime for conservation, management, and optimum utilization
        of pollock resources in the Convention area;




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10.VII.2012

–       to restore and maintain the pollock resources in the Bering Sea at levels which will permit
        their maximum sustainable yield;

–       to cooperate in the gathering and examining of factual information concerning pollock and
        other living marine resources in the Bering Sea; and

–       to provide a forum in which to consider the establishment of necessary conservation and
        management measures for other living marine resources in the Convention area.

Six countries are members of the Convention on the conservation and management of pollock
resources in the Central Bering Sea: China, Japan, Korea, Poland, Russia, and the USA.

As Poland is a contracting party to this convention and also a member state of the EU, this decision
is adopted by the EU. More generally, fisheries agreements concluded by the new member states
with third countries are managed by the EU as provided by the Accession treaty.


E VIRO ME T


Greenhouse gas emission allowances

The Council decided not to oppose the adoption of a Commission regulation amending regulation
1031/2010 on the timing, administration and other aspects of auctioning of greenhouse gas emission
allowances to list an auction platform to be appointed by Germany (10130/12)

The Commission acts are subject to what is known as the regulatory procedure with scrutiny. This
means that now that the Council has given its consent, the Commission may adopt them, unless the
European Parliament objects.




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Biological diversity in the Mediterranean

The Council agreed the position to be adopted on behalf of the European Union with regard to
proposals for amending annexes II and III to the protocol concerning specially protected areas and
biological diversity in the Mediterranean1 of the convention for the protection of the marine
environment and the coastal region of the Mediterranean ("the Barcelona Convention")2 at the 17th
meeting of the Contracting Parties (Paris, France, 8-10 February 2012).

The amendments to the protocol are aimed at providing greater protection to ten shark species. The
European Union has a period of 180 days after its adoption by the other contracting parties to
finalise its decision regarding the approval of those amendments.

Commission proposal: (6293/12)


HEALTH


Tick-borne encephalitis

The Council decided not to oppose the adoption of a Commission decision adding tick-borne
encephalitis (TBE) to the list of communicable diseases to be covered by epidemiological
surveillance in the EU network (10416/12).

The Commission decision is subject to the so called regulatory procedure with scrutiny. This means
that now that the Council has given its consent, the Commission may adopt it, unless the European
Parliament objects.




1
       OJ L 322, 14.12.1999.
2
       OJ L 240, 19.9.1977.

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Marketing authorisations for medicinal products - Medical devices

The Council decided not to oppose the adoption of the following two Commission regulations:

–         regulation amending Commission regulation 1234/2008 concerning the examination of
          variations to the terms of marketing authorisations for medicinal products for human use
          and veterinary medicinal products (9425/12);

–         regulation concerning particular requirements as regards the requirements laid down in
          Council directives 90/385 and 93/42 with respect to active implantable medical devices
          and medical devices manufacture utilising tissues of animal origin (9264/12).

The Commission regulations are subject to the so called regulatory procedure with scrutiny. This
means that now that the Council has given its consent, the Commission may adopt them, unless the
European Parliament objects.


APPOI TME TS


    ew member of the Court of Auditors

The Council adopted a decision appointing Ms Iliana IVANOVA (Bulgaria) as member of the
Court of Auditors for the period from 1 January 2013 to 31 December 2018 (11768/12).
Ms Ivanova succeeds Ms Nadejda SANDOLOVA whose term of office expires on 31 December
2012.


Committee of the Regions

The Council appointed Dr Zsuzsa BREIER (Germany) and Mr Ahmed AHMEDOV, Ms Tanya
HRISTOVA, Mr Krassimir KOSTOV, Mr Madzhid MANDADZHA, Mr Zhivko TODOROV and
Mr Luydmil VESSELINOV (Bulgaria), as members of the Committee of the Regions for the
remainder of the current term of office, which runs until 25 January 2015 (11717/12 and 12007/12).




12204/12                                                                                             25
                                                                                               E

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Conclusiones del Consejo Ecofin

  • 1. COU CIL OF THE EUROPEA U IO EN 12204/12 PROVISIO AL VERSIO PRESSE 317 PR CO 43 PRESS RELEASE 3181st Council meeting Economic and Financial Affairs Brussels, 10 July 2012 President Mr Vassos SHIARLY Minister for Finance of Cyprus PRESS Rue de la Loi 175 B – 1048 BRUSSELS Tel.: +32 (0)2 281 6083 / 6319 Fax: +32 (0)2 281 8026 press.office@consilium.europa.eu http://www.consilium.europa.eu/Newsroom 12204/12 1 E
  • 2. 10.VII.2012 Main results of the Council The Council issued country-specific recommendations to the member states on their economic and fiscal policies, thus concluding this year's European Semester monitoring exercise (following endorsement by the European Council). It also issued a specific recommendation for the eurozone as a whole. Moreover, in accordance with the "comply or explain" principle established recently under strengthened economic governance provisions ("six-pack" legislation), the Council issued explanations in cases where it modified recommendations or opinions proposed by the Commission. The Council gave the go-ahead to the pilot phase for an initiative aimed at mobilising, via the use of project bonds, up to EUR 4.5 billion in private sector funding for key infrastructure projects. The Council's decision follows an agreement reached with the European Parliament. Up to EUR 200 million will be allocated to a project bonds instrument that will help finance transport projects in 2012 and 2013; up to EUR 10 million will be allocated to energy projects, and up to EUR 20 million for ICT and broadband projects. If successful, the pilot phase will be followed by an operational phase over the 2014-20 period. 12204/12 2 E
  • 3. 10.VII.2012 CO TE TS1 PARTICIPA TS................................................................................................................................ 6 ITEMS DEBATED FOLLOW-UP TO THE JUNE EUROPEAN COUNCIL.................................................................... 8 BANK CAPITAL REQUIREMENTS................................................................................................. 9 BANK RECOVERY AND RESOLUTION ...................................................................................... 10 ECONOMIC GOVERNANCE - SECOND PACKAGE................................................................... 11 ECB EXECUTIVE BOARD NOMINATION .................................................................................. 12 PRESIDENCY WORK PROGRAMME ........................................................................................... 13 EUROPEAN SEMESTER – ECONOMIC AND FISCAL POLICY RECOMMENDATIONS ...... 14 EXCESSIVE DEFICIT PROCEDURE - SPAIN .............................................................................. 15 MEETINGS IN THE MARGINS OF THE COUNCIL .................................................................... 16 OTHER ITEMS APPROVED ECO OMIC A D FI A CIAL AFFAIRS – Project bonds ......................................................................................................................................................... 17 – Financial assistance to Portugal............................................................................................................................. 17 COHESIO POLICY – Management and control systems for EU funds.................................................................................................... 18 – Seaport infrastructures........................................................................................................................................... 18 1 Where declarations, conclusions or resolutions have been formally adopted by the Council, this is indicated in the heading for the item concerned and the text is placed between quotation marks. Documents for which references are given in the text are available on the Council's Internet site (http://www.consilium.europa.eu). Acts adopted with statements for the Council minutes which may be released to the public are indicated by an asterisk; these statements are available on the Council's Internet site or may be obtained from the Press Office. 12204/12 3 E
  • 4. 10.VII.2012 EUROPEA ECO OMIC AREA – Cooperation on the environment and sport............................................................................................................ 18 – Spatial data ............................................................................................................................................................ 18 – Coordination of social security systems - Measures for migrants ......................................................................... 19 – Participation in EU actions in the field of the internal market .............................................................................. 19 – European earth monitoring programme................................................................................................................. 19 – Charging of heavy goods vehicles......................................................................................................................... 19 FOREIG AFFAIRS – Côte d'Ivoire - Restrictive measures ...................................................................................................................... 20 TRADE POLICY – Anti-dumping - Plastic sacks and bags - China and Thailand ............................................................................... 20 DEVELOPME T COOPERATIO – Common external relations information system.................................................................................................... 20 AGRICULTURE – Direct payments to farmers in 2013 ...................................................................................................................... 20 E ERGY – Ecodesign requirements for household tumble driers............................................................................................ 21 TRA SPORT – Marine equipment.................................................................................................................................................. 21 FISHERIES – Illegal, unreported and unregulated fishing ........................................................................................................... 22 – Bering Sea Convention - Management of pollock resources................................................................................. 22 E VIRO ME T – Greenhouse gas emission allowances.................................................................................................................... 23 – Biological diversity in the Mediterranean ............................................................................................................. 24 HEALTH – Tick-borne encephalitis ......................................................................................................................................... 24 – Marketing authorisations for medicinal products - Medical devices ..................................................................... 25 12204/12 4 E
  • 5. 10.VII.2012 APPOI TME TS – New member of the Court of Auditors .................................................................................................................. 25 – Committee of the Regions ..................................................................................................................................... 25 12204/12 5 E
  • 6. 10.VII.2012 PARTICIPA TS Belgium: Mr Steven VANACKERE Deputy Prime Minister and Minister for Finance and Sustainable Development, with responsibility for the Civil Service Bulgaria: Mr Dimiter TZANTCHEV Représentant Permanent Czech Republic: Mr Radek URBAN Deputy Minister for Finance, Financial Market Section Mr Tomáš ZÍDEK Deputy Minister for Finance, International Relations and Financial Policies Section Denmark: Ms Margrethe VESTAGER Minister for Economic Affairs and the Interior Germany: Mr Thomas STEFFEN State Secretary at the Federal Ministry of Finance Estonia: Mr Jürgen LIGI Minister for Finance Ireland: Mr Michael NOONAN Minister for Finance Greece: Mr Ioannis STOURNARAS Minister for Finance Spain: Mr Luis DE GUINDOS JURADO Minister for Economic Affairs and Competitiveness France: Mr Pierre MOSCOVICI Ministre de l'Économie et des Finances Mr Ramon FERNANDEZ Directeur générale du Trésor Italy: Mr Mario MONTI Prime Minister and Minister of Economy and Finance Cyprus: Mr Vassos SHIARLY Minister for Finance Latvia: Mr Andris VILKS Minister for Finance Lithuania: Mr Raimundas KAROBLIS Représentant Permanent Luxembourg: Mr Luc FRIEDEN Minister for Finance Hungary: Mr Gyula PLESCHINGER State Secretary, Ministry for National Economy Malta: Mr Tonio FENECH Minister for Finance, the Economy and Investment etherlands: Mr Jan Kees de JAGER Minister for Finance Austria: Ms Maria FEKTER Federal Minister for Finance Poland: Mr Jacek ROSTOWSKI Minister for Finance Portugal: Mr Vítor GASPAR Ministro de Estado, Minister for Finance Romania: Mr Claudiu DOLTU State Secretary, Ministry of Finance 12204/12 6 E
  • 7. 10.VII.2012 Slovenia: Mr Janez ŠUŠTERŠIČ Minister for Finance Slovakia: Mr Peter KAŽIMÍR Deputy Prime Minister, Minister for Finance Finland: Ms Jutta URPILAINEN Deputy Prime Minister, Minister for Finance Sweden: Mr Peter NORMAN Minister for Financial Markets United Kingdom: Mr Mark HOBAN Financial Secretary to the Treasury Commission: Mr Olli REHN Vice President Mr Michel BARNIER Member Mr Algirdas ŠEMETA Member Other participants: Mr Vítor CONSTÂNCIO Vice-President of the European Central Bank Mr Werner HOYER President of the European Investment Bank Mr Thomas WIESER President of the Economic and Financial Committee Mr Hans VIJLBRIEF President of the Economic Policy Committee M. Andrea ENRIA Chairperson of the European Banking Authority The government of the acceding state was represented as follows: Croatia: Mr Slavko LINIĆ Minister for Finance 12204/12 7 E
  • 8. 10.VII.2012 ITEMS DEBATED FOLLOW-UP TO THE JU E EUROPEA COU CIL The Council discussed the follow-up to be given to the European Council's meeting on 28 and 29 June as regards: - work on the establishment of a genuine economic and monetary union; - the process to be followed in establishing a single European banking supervisor. On the first issue, the President of the European Council has been invited, with the presidents of the Commission, the Eurogroup and the European Central Bank, to develop a specific and time-bound work programme, with an interim report in October and a final report at the end of the year. Member states will be regularly consulted in this work and the Cyprus presidency will endeavour to facilitate the process. Establishment of a single banking supervisor will depend in the first instance on the presentation of proposals by the Commission, scheduled for the autumn. With this in view, the Council held a preliminary exchange of views. 12204/12 8 E
  • 9. 10.VII.2012 BA K CAPITAL REQUIREME TS The Council was briefed by the presidency on progress in negotiations with the European Parliament on two proposals amending the EU's rules on capital requirements for banks and investment firms ("CRD 4"). The Cyprus presidency stated its objective to finalise negotiations as soon as possible. As incoming presidency it has held its first "trilogues" and has scheduled further meetings with the Parliament on 11 and 12 July. Work under the previous Danish presidency was almost completed on the directive, with only a few key open issues remaining, and talks are now focused on the regulation. The negotiations with the Parliament are aimed at adoption of the regulation and directive at first reading. Outstanding issues include a proposed flexibility package1, bankers' remuneration, crisis management, sanctions, the balance of power between authorities of "home" and "host" countries, corporate governance, and powers to be given to the European Banking Authority (EBA). The proposals set out to amend and replace the existing capital requirement directives2 and divide them into two new legislative instruments: a regulation establishing prudential requirements that institutions need to respect and a directive governing access to deposit-taking activities. They are aimed at transposing into EU law an international agreement approved by the G-20 in November 2010. The so-called Basel 3 agreement, concluded by the Basel Committee on Banking Supervision, strengthens bank capital requirements, introduces a mandatory capital conservation buffer and a discretionary countercyclical buffer, and sets new regulatory requirements for bank liquidity and bank leverage. The Council agreed a general approach on 15 May3. Based respectively on articles 114 and 53(1) of the Treaty on the Functioning of the European Union, the regulation and the directive will require for their adoption a qualified majority in the Council and a majority in the Parliament (ordinary legislative procedure). 1 Flexibility for member states to impose additional measures, such as higher capital requirements. 2 Directives 2006/48/EC and 2006/49/EC 3 See press release 9399/12. 12204/12 9 E
  • 10. 10.VII.2012 BA K RECOVERY A D RESOLUTIO The Council took note of a presentation by the Commission of its proposal for a directive establishing a framework for the recovery and resolution of credit institutions and investment firms (11066/12). The Council held a preliminary exchange of views. The proposal, issued by the Commission on 6 June, is aimed at providing supervisory authorities with common tools and powers to tackle bank crises pre-emptively and to resolve any financial institution in an orderly manner in the event of insolvency, whilst minimising taxpayers' exposure to losses. The directive would establish a range of instruments that supervisory authorities could use: preparatory and preventative measures, early intervention, and resolution tools and powers. The main resolution measures would include: – the sale of (a part of) business; – establishment of a bridge institution (the temporary transfer of good bank assets to a publicly controlled entity); – asset separation (the transfer of impaired assets to an asset management vehicle) – bail-in measures (the imposition of losses, in order of seniority, on shareholders and unsecured creditors). The proposal is aimed at transposing into EU law commitments made at the G-20 Washington summit in November 2008, when leaders called for a review of resolution regimes and bankruptcy laws "to ensure that they permit an orderly wind-down of large complex cross-border financial institutions." Based on article 114 of the Treaty on the Functioning of the European Union, the directive would require for its adoption a qualified majority in the Council and a majority in the European Parliament (ordinary legislative procedure). The presidency's aim is for the Council to agree a general approach by December, subsequent to which negotiations with the Parliament will start, with a view to adoption of the directive at first reading. 12204/12 10 E
  • 11. 10.VII.2012 ECO OMIC GOVER A CE - SECO D PACKAGE The Council was informed by the presidency on the process to be followed with a view to reaching an agreement with the European Parliament on two draft regulations on economic governance, namely: – a regulation for enhanced monitoring and assessment of draft budgetary plans of euro area member states, especially those subject to an excessive deficit procedure; – a regulation on enhanced surveillance of euro area member states that are experiencing severe financial disturbance or request financial assistance. The Council confirmed that a general approach agreed at its meeting on 21 February remains the starting position for the negotiations1. The Parliament established its negotiating position in June and introduced significant changes to the proposals. The first "trilogue" meeting with the European Parliament is scheduled for 11 July. An ad hoc Council working group, created to work on the proposals, discussed the modifications introduced by the Parliament on 4 July. This second package of proposals was presented by the Commission in November 2011 following adoption of the so-called "six-pack" of economic governance proposals2. The two draft regulations introduce provisions for enhanced monitoring of countries' budgetary policies. Member states would be required to submit annually to the Council and the Commission their draft budgetary plans for the next year by 15 October. Closer monitoring would apply to member states in excessive deficit procedure in order to enable the Commission to better assess whether a risk of non-compliance with the deadline to correct the excessive deficit exists. Member states experiencing severe difficulties with regard to their financial stability or receiving financial assistance on a precautionary basis would be subject to even tighter monitoring than member states in excessive deficit procedure. Based on article 136 of the Treaty on the Functioning of the European Union, the regulations require for their adoption a qualified majority of delegations from the 17 countries of the euro area as regards the Council and a majority in the Parliament (ordinary legislative procedure). 1 See press release 6624/12. 2 For details, see press release 16446/11. 12204/12 11 E
  • 12. 10.VII.2012 ECB EXECUTIVE BOARD OMI ATIO The Council recommended the nomination of Yves Mersch to the executive board of the European Central Bank for a term of eight years. If appointed, Mr Mersch will succeed José Manuel González-Páramo, who completed his term of office on 31 May. The Council's recommendation will be submitted to the European Council for a decision, after consulting the European Parliament and the ECB's governing council. The executive board of the ECB is responsible for implementation of monetary policy for the euro area, as laid down by the governing council. It is composed of the president, a vice-president and four other members, all nominated for non-renewable terms of eight years. The governing council is composed of the six members of the executive board and the governors of the national central banks of the member states of the euro area. 12204/12 12 E
  • 13. 10.VII.2012 PRESIDE CY WORK PROGRAMME The Council took note of the presentation by the Cyprus presidency of a work programme on economic and financial matters for the duration of its term of office, which runs from July to December 2012 (doc. 11754/1/12 REV 1). The Council held an exchange of views. The Cyprus presidency intends to focus on effective implementation of recently adopted initiatives for improving economic governance, ensuring fiscal consolidation, strengthening the European financial services framework and accelerating structural reforms, with a view to enhancing growth potential and social cohesion in the EU. The presidency will also give priority to further work on taxation issues. It will aim for effective coordination with a view to ensuring appropriate representation of EU positions within international fora, such as G20 meetings, and securing European interests overall. 12204/12 13 E
  • 14. 10.VII.2012 EUROPEA SEMESTER – ECO OMIC A D FISCAL POLICY RECOMME DATIO S The Council discussed the process followed under the European Semester exercise for the monitoring of the member states' economic and fiscal policies. The European Semester is now two years old and, whilst the outcome of this year's exercise is overall considered as satisfactory, a comprehensive review of implementation is scheduled for October. Ministers gave preliminary views on possible improvements that could be made. Additionally, the Council completed this year's European Semester by adopting, without discussion: – recommendations to each member state on the economic policies set out in their national reform programmes; – opinions on the fiscal policies set out in the member states' stability and convergence programmes; and – a specific recommendation on the economic policies of the member states of the eurozone. Adoption of the texts follows their endorsement by the European Council. Moreover, in accordance with the "comply or explain" principle recently established under strengthened economic governance provisions ("six-pack" legislation), the Council issued explanations in cases where it modified recommendations or opinions proposed by the Commission. For details, see press release 12264/12. 12204/12 14 E
  • 15. 10.VII.2012 EXCESSIVE DEFICIT PROCEDURE - SPAI The Council issued a revised recommendation, under the EU's excessive deficit procedure, on measures to be taken by Spain to correct its government deficit, giving it an extra year to do so on account of adverse economic circumstances. Spain has been subject to an excessive deficit procedure since April 2009. The Council's recommendation sets 2014 as the new deadline for bringing its deficit below the EU's 3% of GDP reference value, with headline deficit targets of 6.3% of GDP for 2012, 4.5% of GDP for 2013 and 2.8% of GDP for 2014. For details, see press release 12387/12. 12204/12 15 E
  • 16. 10.VII.2012 MEETI GS I THE MARGI S OF THE COU CIL The following meetings were held in the margins of the Council: – Eurogroup Ministers of the euro area member states attended a meeting of the Eurogroup on 9 July. – Ministerial breakfast meeting Ministers held a breakfast meeting to discuss the economic situation. They were also informed by the Chairman of the European Banking Authority of the outcome of a bank recapitalisation exercise launched in December and completed at the end of June. 12204/12 16 E
  • 17. 10.VII.2012 OTHER ITEMS APPROVED ECO OMIC A D FI A CIAL AFFAIRS Project bonds The Council adopted a regulation launching the 2012-2013 pilot phase of the EU project bonds initiative aimed at mobilising up to EUR 4.5 billion in private sector financing for key strategic infrastructure projects (PE-CONS 27/12). Adoption of the regulation follows an agreement reached with the European Parliament on 22 May; accordingly, the Council accepted all amendments voted by the Parliament at first reading. Up to EUR 200 million will be allocated to a project bonds instrument that will help finance transport projects in 2012 and 2013; up to EUR 10 million will be allocated to energy projects, and up to EUR 20 million for ICT and broadband projects. If successful, the pilot phase will be followed by an operational phase over the 2014-20 period. For details, see press release 12331/12. Financial assistance to Portugal The Council adopted a decision amending decision 2011/344/EU on the granting of financial assistance to Portugal, following the fourth review by the Commission, the IMF and the European Central Bank of Portugal 's progress in implementation of agreed measures (11839/12). 12204/12 17 E
  • 18. 10.VII.2012 COHESIO POLICY Management and control systems for EU funds The Council adopted conclusions on the special report of the European Court of Auditors entitled "Did the Commission successfully deal with deficiencies identified in the Member States' management and control system?", set out in document 11633/12. Seaport infrastructures The Council adopted conclusions on a special report by the European Court of Auditors entitled "Using structural and cohesion funds to co-finance transport infrastructures in seaports: an effective investment?", set out in document 11632/12. EUROPEA ECO OMIC AREA Cooperation on the environment and sport The Council approved the decision on the position to be taken by the EU within the European Economic Area (EEA) joint committee concerning an amendment to Protocol 31 to the EEA agreement, on cooperation in specific fields outside the four freedoms (10500/12). The decision extends cooperation between the EEA contracting parties will be extended to include regulation 401/2009 on the Environment Agency and the European environment information and observation network, as well as to the field of sport. Spatial data The Council approved the position to be taken by the EU within the European Economic Area (EEA) joint committee concerning an amendment to annex XX (environment) to the EEA agreement (10504/12). This amendment aims to incorporate certain Commission regulations on spatial data into the EEA agreement. 12204/12 18 E
  • 19. 10.VII.2012 Coordination of social security systems - Measures for migrants The Council approved the position to be taken by the EU within the European Economic Area (EEA) joint committee concerning an amendment to protocol 31 to the EEA agreement, on cooperation in specific fields outside the four freedoms (10508/12). The aim of this decision is to extend the cooperation of the contracting parties to include cooperation concerning free movement of workers, coordination of social security systems and measures for migrants, including migrants from third countries. Participation in EU actions in the field of the internal market The Council approved the position to be taken by the EU within the European Economic Area (EEA) joint committee concerning an amendment to protocol 31 to the EEA agreement, on cooperation in specific fields outside the four freedoms (concerning Internal Market related EU budget lines) (11288/12). The aim of this decision is to allow the contracting parties of the EEA agreement to continue their participation in EU actions funded from the general budget of the Union regarding the implementation, operation and development of the internal market. European earth monitoring programme The Council adopted a decision on the position to be taken by the EU within the European Ecoonomic Area (EEA) joint committee concerning an amendment to protocol 31 to the EEA agreement, on cooperation in specific fields outside the four freedoms (concerning global monitoring for environment and security) (11413/12). The aim of this decision is to extend the cooperation of the contracting parties to include the European earth monitoring programme (GMES). Charging of heavy goods vehicles The Council approved the position to be taken by the EU within the European Economic Area (EEA) joint committee concerning an amendment to annex XIII (transport) to the EEA agreement. By this amendment, the EU acquis on the charging of heavy goods vehicles for the use of certain infrastructures will be incorporated into the agreement (9870/12). 12204/12 19 E
  • 20. 10.VII.2012 FOREIG AFFAIRS Côte d'Ivoire - Restrictive measures The Council implemented in EU law UN Security Council resolution 2045(2012) on Côte d'Ivoire. The amendments concern the lifting of restrictions on the supply of assistance related to the arms embargo. TRADE POLICY Anti-dumping - Plastic sacks and bags - China and Thailand The Council adopted a regulation repealing the anti-dumping measures applicable to imports of certain plastic sacks and bags originating in China and Thailand (11628/12). DEVELOPME T COOPERATIO Common external relations information system The Council adopted conclusions on the European Court of Auditors' special report no. 5/2012 "The Common External Relations Information System" (11829/12) AGRICULTURE Direct payments to farmers in 2013 The Council adopted amendments to regulation 73/2009 on the application of direct payments to farmers in the year 2013 following a first reading agreement with the European Parliament (33/12). This regulation (the "2013" regulation) is one of two transitional regulations to be adopted this year ahead of the Common Agricultural Policy (CAP) reform which is scheduled to enter into force in 2014. The other transitional regulation (agreement expected in September) concerns support to vine growers. 12204/12 20 E
  • 21. 10.VII.2012 The aim of the "2013" regulation is to provide for a smooth transition from the current direct payments system (regulation 73/2009) to the new payments scheme foreseen by the Commission in the CAP reform proposals. For details, see press release 12334/12. E ERGY Ecodesign requirements for household tumble driers The Council decided not to oppose the adoption of a Commission regulation implementing Directive 2009/125/EC 1 with regard to ecodesign requirements for household tumble driers (10237/12). The directive provides that the Commission shall set those requirements for energy- related products representing significant volumes of sales and trade, having significant environmental impact and presenting significant potential for improvement in terms of their environmental impact without entailing excessive costs. The Commission regulation is subject to the so called regulatory procedure with scrutiny. This means that now that the Council has given its consent, the Commission may adopt the decision, unless the European Parliament objects. TRA SPORT Marine equipment The Council decided not to oppose adoption by the Commission of a directive updating the 1996 Council directive on marine equipment (10216/12). The update incorporates into the 1996 directive amendments to international conventions and testing standards which have entered into force since the last update of the directive, and adapts the list of items of marine equipment concerned. The draft directive is subject to the regulatory procedure with scrutiny; now that the Council has given its consent, the Commission may adopt it, unless the European Parliament objects. 1 OJ L 285, 31.10.2009. 12204/12 21 E
  • 22. 10.VII.2012 FISHERIES Illegal, unreported and unregulated fishing The Council endorsed a draft EU - Japan joint statement on efforts to combat illegal, unreported and unregulated (IUU) fishing. As Japan and the EU play a key role in the commercial exploitation of fishery products globally, they both consider that IUU fishing constitutes one of the most serious threats to the conservation and sustainable exploitation of resources in the world's oceans. IUU fishing is a global phenomenon with devastating environmental and socio-economic consequences, particularly for coastal communities in developing countries which rely on fisheries for their earnings or for nutrition. Both side consider that IUU fishing is best prevented by international cooperation through regional fisheries management organisations and international organisations by the adoption of measures to combat IUU fishing. Japan and the EU have already put in place legal instruments to combat IUU fishing (e.g. EU regulation 1005/2008) and recognise that voluntary cooperation and the sharing of information will maximise the effectiveness of the global fight against IUU fishing. With this endorsement, the Commission can sign the joint statement on behalf of the EU on the occasion of a meeting scheduled early July with Japan. Bering Sea Convention - Management of pollock resources The Council adopted a decision establishing the position to be adopted on behalf of the EU in the framework of the Convention on the conservation and management of pollock resources in the Central Bering Sea. The objectives of this convention are: – to establish an international regime for conservation, management, and optimum utilization of pollock resources in the Convention area; 12204/12 22 E
  • 23. 10.VII.2012 – to restore and maintain the pollock resources in the Bering Sea at levels which will permit their maximum sustainable yield; – to cooperate in the gathering and examining of factual information concerning pollock and other living marine resources in the Bering Sea; and – to provide a forum in which to consider the establishment of necessary conservation and management measures for other living marine resources in the Convention area. Six countries are members of the Convention on the conservation and management of pollock resources in the Central Bering Sea: China, Japan, Korea, Poland, Russia, and the USA. As Poland is a contracting party to this convention and also a member state of the EU, this decision is adopted by the EU. More generally, fisheries agreements concluded by the new member states with third countries are managed by the EU as provided by the Accession treaty. E VIRO ME T Greenhouse gas emission allowances The Council decided not to oppose the adoption of a Commission regulation amending regulation 1031/2010 on the timing, administration and other aspects of auctioning of greenhouse gas emission allowances to list an auction platform to be appointed by Germany (10130/12) The Commission acts are subject to what is known as the regulatory procedure with scrutiny. This means that now that the Council has given its consent, the Commission may adopt them, unless the European Parliament objects. 12204/12 23 E
  • 24. 10.VII.2012 Biological diversity in the Mediterranean The Council agreed the position to be adopted on behalf of the European Union with regard to proposals for amending annexes II and III to the protocol concerning specially protected areas and biological diversity in the Mediterranean1 of the convention for the protection of the marine environment and the coastal region of the Mediterranean ("the Barcelona Convention")2 at the 17th meeting of the Contracting Parties (Paris, France, 8-10 February 2012). The amendments to the protocol are aimed at providing greater protection to ten shark species. The European Union has a period of 180 days after its adoption by the other contracting parties to finalise its decision regarding the approval of those amendments. Commission proposal: (6293/12) HEALTH Tick-borne encephalitis The Council decided not to oppose the adoption of a Commission decision adding tick-borne encephalitis (TBE) to the list of communicable diseases to be covered by epidemiological surveillance in the EU network (10416/12). The Commission decision is subject to the so called regulatory procedure with scrutiny. This means that now that the Council has given its consent, the Commission may adopt it, unless the European Parliament objects. 1 OJ L 322, 14.12.1999. 2 OJ L 240, 19.9.1977. 12204/12 24 E
  • 25. 10.VII.2012 Marketing authorisations for medicinal products - Medical devices The Council decided not to oppose the adoption of the following two Commission regulations: – regulation amending Commission regulation 1234/2008 concerning the examination of variations to the terms of marketing authorisations for medicinal products for human use and veterinary medicinal products (9425/12); – regulation concerning particular requirements as regards the requirements laid down in Council directives 90/385 and 93/42 with respect to active implantable medical devices and medical devices manufacture utilising tissues of animal origin (9264/12). The Commission regulations are subject to the so called regulatory procedure with scrutiny. This means that now that the Council has given its consent, the Commission may adopt them, unless the European Parliament objects. APPOI TME TS ew member of the Court of Auditors The Council adopted a decision appointing Ms Iliana IVANOVA (Bulgaria) as member of the Court of Auditors for the period from 1 January 2013 to 31 December 2018 (11768/12). Ms Ivanova succeeds Ms Nadejda SANDOLOVA whose term of office expires on 31 December 2012. Committee of the Regions The Council appointed Dr Zsuzsa BREIER (Germany) and Mr Ahmed AHMEDOV, Ms Tanya HRISTOVA, Mr Krassimir KOSTOV, Mr Madzhid MANDADZHA, Mr Zhivko TODOROV and Mr Luydmil VESSELINOV (Bulgaria), as members of the Committee of the Regions for the remainder of the current term of office, which runs until 25 January 2015 (11717/12 and 12007/12). 12204/12 25 E