S.L. 431.3 Art. 5Objectives of the Board.

(1) The objectives of the Board shall include the fulfilment of the objectives of the Council Recommendation, as well as the diagnosis and analysis of productivity and competitiveness developments in Malta:

Provided that such analysis should take into account euro area and European Union aspects and address the long-term drivers and enablers of productivity and competitiveness, including innovation, and the capacity to attract investment, businesses and human capital, and to address cost and non-cost factors that can affect prices and quality content of goods and services including relative to global competitors in the short term:

Provided further that such analysis should be based on transparent and comparable indicators.

(2) The Board shall engage in the independent analysis of policy challenges in the field of productivity and competitiveness and assess the effects of policy options, making trade-offs of policy explicit.