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Malta: Chamber Of Commerce To Hold Conference On EU's "Four Freedoms"

MaltaMedia

13 October 2000

This story is reproduced by kind permission of MaltaMedia at http://www.maltamedia.com

The four freedoms form the basis of European Union legislation: as these allow for the free movement of people, goods, services and capital they are bound to influence the local business community on Malta’s EU accession. Consequently, the Malta Chamber of Commerce will be holding a national conference entitled “Understanding the Four Freedoms”. It is aimed at the business community and will be held on Friday 10th November 2000, at the New Dolmen Hotel.


A press release by the Chamber says that in the past Maltese business leaders have often stated that through membership of the EU, Malta would benefit from these freedoms. But, what exactly are these benefits and are there any threats. How can Malta effectively exploit the opportunities of operating in the EU’s internal market?


Mr. John E Sullivan, President of the Chamber explained that this conference would, “provide participants with a micro overview of each of the four freedoms, as well as an overall perspective as to how these would relate to the Maltese scenario”.


Experts on the European Union, business leaders and financiers from both Malta and abroad will address this conference. Subjects to be tackled include the impact of the free movement of people on the Maltese labour market, unemployment levels and skills. The free movement of services and capital are also set to have an impact on the Maltese economy. The possibility of a transition period or derogation from the EU on the free movement of capital could limit a possible negative impact on housing prices. The free movement of services will also have a bearing on the financial services industry in Malta.


The conference will examine whether the necessary administrative structures are also being put in place to effectively implement and enforce new legislation in-line with the EU’s Acquis Communautaire.

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