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The European Union announced its plan to reduce red tape by a quarter
According to a latest report, the European Union plans to speed up trade procedures for small business groups by cutting down on red tape by 25%.
/High Tech - Internet PR News/ - LONDON, UK, March 16, 2007 - In a recent meeting, held in Brussels to discuss the action plan on red tape, the Commission - comprising of EU member state ministers - said that cutting bureaucracy by a quarter throughout the European Union may possibly increase the GDP by 150 billion.
Though FPB (Forum of Private Business) has welcomed the proposed plan, they are apprehensive about it becoming a reality, as previous efforts to cut red tape had been unsuccessful.
According to Martin Smith, the FPB's European spokesperson, "the European Commission's strategic review of better regulation showed that most simplification initiatives originally planned for 2005 and 2006 have still to be completed".
He is of the opinion that the new simplification initiatives planned for 2007 are little dubious and they are not going to make any businesses' life easier - the end of pre-accession partnership agreements between the Central and the Eastern European states is one example.
Though smooth business transactions between the states are not easy due to widespread economic disparities, the Forum is still looking forward to the new plan and hoping that the Union's good intentions may become a reality.
The new work programme for 2007 intends to streamline and modernise the policy objectives, as they will have a very positive impact on entrepreneurs - both established and aspiring.
For additional information on the news that is the subject of this release (or for a sample, copy or demo), contact webmaster@e-business-loans.co.uk or visit www.e-business-loans.co.uk
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