Considerations on COM(2022)205 - EU position within the EEA Joint Committee concerning an amendment of Protocol 31 to the EEA Agreement, and Protocol 32, on financial modalities for implementation of InvestEU

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(1) The Agreement on the European Economic Area 4 ('the EEA Agreement') entered into force on 1 January 1994. 

(2) Pursuant to Article 98 of the EEA Agreement, the EEA Joint Committee may decide to amend, inter alia, Protocol 31 to the EEA Agreement, on cooperation in specific fields outside the four freedoms, and Protocol 32, on financial modalities for implementation of Article 82.

(3) Regulation (EU) 2021/523 of the European Parliament and of the Council 5  is to be incorporated into the EEA Agreement.

(4) Protocol 31 (on cooperation in specific fields outside the four freedoms) and Protocol 32 (on financial modalities for implementation of Article 82) to the EEA Agreement should therefore be amended accordingly.

(5) The position of the Union in the EEA Joint Committee should be based on the draft EEA Joint Committee Decision set out in the Annex to this Decision.