FREE TRADE When Cecilia Malmström was nominated as European Commissioner for Trade, delight in the corridors at the Confederation of Swedish Enterprise was almost palpable. Niklas Bergström, International Coordinator for the Confederation, notes that the appointment opens an opportunity to influence trade policy for a long time to come.
COMMENTARY The recently elected centre-left government seems keen on raising what is already the world’s highest marginal tax rate. If this becomes reality, the Swedish economy could be severely harmed to the extent that this would barely increase tax revenue at all! What’s more, it might even bring in less, writes Krister Andersson, chief of tax department.
REGULATORY RED TAPE Current practices in public procurement and VAT regulations impede Swedish companies trying to grow in Europe. This and other findings were recently published in a report from the Board of Swedish Industry and Commerce for Better Regulation (Näringslivets regelnämnd, NNR). “VAT is a greater concern for small enterprises than for larger businesses,” concludes reporting author Andrea Femrell.
EU Directives have simplified participating in public procurement across EU member states, notes Björn Falk, MD for Swedish public transportation specialists Samres AB, “simply converging all the processes within the EU has proven extremely beneficial.”
EU The internal market has brought European nations closer to each other and broken down protectionism, according to Per Linde, Senior Advisor at Linde Metallteknik. Still, plenty of red-tape remains to trouble businesses. That’s why voting in the upcoming EU parliamentary election is important to work for change, Mr Linde says.
BRUSSELS Austerity policies in Europe, current free trade negotiations between the EU and USA, the climate threat, and the internal market were several of the heated issues addressed when the Confederation of Swedish Enterprise helped organise an election debate with Sweden’s EMPs in Brussels.
EU Scandinavian Design Online, an eCommerce company selling specially designed interior design products over the Internet, would not exist without the internal market. MD Jörgen Bödmar has also taken a personal interest in working to improve the EU cooperation.
COMMENTARY The centre-right coalition government has agreed with the Green Party on a series of proposals to make it easier for foreign students and entrepreneurs to stay and work in Sweden. These changes are welcomed by the business sector, writes labour market expert Karin Ekenger for the Confederation of Swedish Enterprise.
TRANSATLANTIC TRADE Sir, EU and US trade negotiators are meeting this week for the fourth round of negotiations on a Transatlantic Trade and Investment Partnership (TTIP). As the name suggests, our partnership stands on two firm pillars: trade and investment, writes Mr Peter M Robinson, Mr Karsten Dybvad and Mr Urban Bäckström in Financial Times.
EU The strongest competitive card in the EU’s hand is the internal market. Much has been done to create the world’s largest economy. But there is still more to do. This conclusion is found in a report from the Confederation of Swedish Enterprise.
GENDER EQUALITY Company boards of directors are indeed becoming more equal in gender distribution according to Petra Hedengran, Corporate Governance Manager at Swedish conglomerate Investor. Cautiously optimistic, she states that "promoting diversity is important, and involves both gender and ethnicity, but formal regulation is not the way to go."
COMMENTARY The recent international climate summit round in Warsaw ended by establishing planning to have a binding climate agreement ready for acceptance at the Paris summit in 2015, to take effect 2020. Unfortunately, this conclusion was rather vague and imprecise. Innovative businesses can provide a variety of solutions to climate issues, writes Maria Sunér Fleming, Climate and Energy Manager at the Confederation of Swedish Enterprise.
COMMENTARY Many recent analyses show that the EU Directive on maritime fuel sulphur content will lead to significantly higher costs for many industries reliant on maritime transport. The Swedish government has promised that the directive will not negatively impact Swedish industrial competitiveness. The Confederation of Swedish Enterprise questions how this promise can be kept.