On 15 March, the Council formally approved the Inter-Institutional Agreement on better law-making. The agreement was reached between the Council, the European Parliament and the European Commission. Based on the agreement, the 3 principal institutions in EU law-making will cooperate more closely in the legislative process, to the benefit of citizens and businesses. For each year, the 3 institutions will agree on top legislative priorities. Impact assessments will deal also with EU competitiveness, SMEs or administrative burden. Existing laws will be re-evaluated by the institutions with a view of simplifying them, thus lowering administrative burden. A joint database of legislative files will be created for citizens and businesses to keep track of the legislative process, thus improving transparency. Once all 3 institutions sign the agreement, it will be published in the Official Journal and will enter into force.

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