Translation of "Private business enterprise " (English → French) :

Provision of support for improving the business and investment climate, especially for micro, small and medium-sized enterprises, and strengthening of business intermediary and support organisations, will remain essential pillars of EU private sector development assistance.

10. Calls on the EU and Vietnam to agree in the FTA on a fair and equitable treatment of all investors and services providers in the banking, insurance, legal, accounting, transport, and distribution services, including both retail and wholesale sectors; recalls that as regards financial services, it is also essential to ensure adequate policy space to reduce systemic risk, fight money laundering, and provide the highest possible level of consumer protection, as well as to enforce fair competition rules and practices between domestic and foreign investors and service providers, inter alia by reducing, if not fully eliminating, existing equity caps and abolishing restrictions on establishment and licence acquisition; recommends that the Co ...[+++]mmission negotiates strong and binding provisions on transparency and fair competition so that a level playing field also applies between private businesses and state-owned enterprises (SOEs);

88. Recalls the paramount role of private business actors and enterprises in refusing, abstaining from and denouncing illegal or unfair practices fostering organised crime, corruption and money laundering or other serious crimes; calls them to collaborate fully and report to law enforcement authorities any criminal activity they might be aware of; calls for law enforcement agencies to protect from threats those who abide by the law and report illegal activities;

It was addressed to public and private organisations or individuals who wished to give their views, such as enterprises, business organisations, research and innovation support providers and national, regional and public administration.

4. Reduce administrative burdens and promote entrepreneurship Building on the Small Business Act, and in order significantly reduce administrative burdens on business, promote their cash flow and help more people to become entrepreneurs, the EU and Member States should: Ensure that starting up a business anywhere in the EU can be done within three days at zero costs and that formalities for the hiring of the first employee can be fulfilled via a single access point; Remove the requirement on micro-enterprises to prepare annual accoun ...[+++]ts (the estimated savings for these companies are € 7bn per year) and limit the capital requirements of the European private company to one euro; Accelerate the adoption of the European private company statute proposal so that from early 2009 it can facilitate cross border business activities of SMEs and to allow them to work under a single set of corporate rules across the EU; Ensure that public authorities pay invoices, including to SMEs, for supplies and services within one month to ease liquidity constraints and accept e-invoicing as equivalent to paper invoicing (this could deliver cost reductions of up to 18 € Bn); any arrears owed by public bodies should also be settled; Reduce by up to 75% the fees for patent applications and maintenance and halve the costs for an EU trademark.

In the private business sector, priority should be given to the promotion and development of small- and medium-sized enterprises, which lay the foundation for more jobs and self-supporting economic development in developing countries.