Before the European Commission proposes a new initiative, it assesses the need for EU action and the potential economic, social and environmental impact of alternative policy options in an impact assessment.
Impact assessments are prepared for Commission initiatives that are expected to have a significant economic, social or environmental impact. These can be legislative proposals, non-legislative initiatives that define future policies (e.g. white papers, action plans, financial programmes, and negotiating guidelines for international agreements), as well as implementing and delegated acts.
The Chief Economist Team closely follows and assists in preparing impact assessment reports for the initiatives of the Directorate-General for Internal Market, Industry, Entrepreneurship and SMEs. The team also provides assistance within the Commission for assessing impacts on sectorial competitiveness and Internal Market.