​​​​​​​ECON commission met virtually on 29 September 2020 to give the opportunity to its members to discuss the following main topics: Opinion on Economic Governance Review, Opinion on Trade Policy Review, European recovery plan: Recovery and Resilience Facility and Technical Support Instrument. The members also exchanged their views on Developments in future EU-UK economic and trade relations and the new Brexit Adjustment Reserve.

The Opinion on Economic governance review was presented for the adoption. It draws attention on the multi-level relevance of the EU economic governance framework, noting that LRAs are responsible for 1/3 of public spending and ½ of public, investments across the EU. It also proposes recommendations for the economic and budgetary governance reform, building on four identified Stability and Growth Pact flaws, and considering lessons learnt from the crises.

After the meeting Mr Tadeusz Truskolaski, Mayor of Białystok and EA coordinator for ECON commission welcomed the European Commission's communication on the Economic governance review, and the willingness it shows on the part of the Commission to reform the economic and budgetary rules. "I would like to emphasise that the European economic governance framework has major effects on all levels of government, more specifically local and regional governments, which are responsible for almost a third of public spending and more than half of public investment in the EU as a whole, with wide variations between Member States. It is why we called the European Commission and its co-legislators to involve local and regional authorities more in the European Semester by means of a code of conduct what would also make decisions more representative and give the Semester – and thereby economic governance more broadly – greater legitimacy." – he said.