(Photo from znet.hr)
Neven Mimica is the new commissioner of the European Commission. He is the 28th – but why does Europe need a new member in its executive organ? Croatia will become the 28th member of the European Union this July and, according to European Law, every country must have a member in the Commission.
Mr.Mimica will be in charge of Costumer Protection, which is a huge responsibility considering that the Eurozone is one of the largest trading areas in the world, with millions of potential consumers. Mimica held a meeting on the 4th June in front of the Internal market and Public Health Committees of the EU, in which he outlined his program: removing barriers to online shopping, highlighting issues of interest to consumers and enforcing the stability of the Eurozone market.
The new member will help the Commission tackle the crisis in Europe, which, according to a recent short-term forecast of the European Central Bank, will be predictably negative for all this year.
Mentioning the crisis goes without saying but what was not expected is the recent Trade War between Europe and China. The European Commission, which was accused of protectionism by the Chinese policymakers after Brussels imposed duties on solar panels made in China, setting Beijing over the edge. The response was immediate: the country led by Xi Jinping responded by undergoing an anti-dumping and anti-subsidy investigation on European wines.
Both countries accuse each other of “dumping”, that means exporting at a lower price other than the production one.
This happened just few days after the new composition of the European Commission was unveiled. It will be interesting to see what happens next.