The significance of fair conditions for competition is strongly emphasised in the European Commission Work Programme 2020 published today. The Finnish Commerce Federation finds it excellent that the Commission finally seems to be tackling the issues related to the platform economy also as it concerns trade in goods. The programme also widely acknowledges the climate and circular economy ambitions that are important for the commerce sector.
The business sector has been growing at a rate of around two per cent per year for the past few years now. Next year, the growth will slow down, but it will not stop. However, the turnover growth* in wholesale slowed down already last year and has even contracted slightly since the beginning of this year. According to the Finnish Commerce Federation’s forecast, the next decade will bring about great changes to corporate structures and the number of companies in the commerce sector. This will also be reflected in employment.
E-commerce continues its strong growth. In 2018, the digital purchases made by Finns grew approximately six per cent and this growth is expected to continue – especial in mobile. The Finnish Commerce Federation is concerned that online stores, located in countries like China, do not adhere to the same regulations as those located in the EU.