Day two of the Basque Circular Summit puts the spotlight on SMEs, which are vital to the EU economy as they represent 99% of European businesses and two thirds of the jobs in the private sector. Speaking today at the round table entitled ‘The commitment to the circular economy in the Basque Country’ Alexander Boto, General Manager of Ihobe, stressed “that "the circular economy is competitiveness, it is economy”, and pointed out that environmental taxation is a challenge for the administration, because “1.6% of the Basque Country’s GDP come from environmental taxes, while the European average is 2.4%”.