The Renewed Industrial Policy Strategy
On 13 September, in his annual State of the Union address, President Jean-Claude Juncker stated: “I want to make our industry stronger and more competitive. The new Industrial Policy Strategy we are presenting today will help our industries stay or become the world leader in innovation, digitisation and decarbonisation.”
The renewed EU Industrial Policy Strategy brings together all existing and new horizontal and sector-specific initiatives into a comprehensive industrial strategy.
The main new elements of the EU Industrial Policy Strategy include:
- A comprehensive package to reinforce our industry’s cybersecurity.
- A proposal for a Regulation on the free flow of non-personal data that will enable data to circulate freely across borders, helping to modernise industry and create a truly common European data space
- A new series of actions on Circular Economy, including a strategy on plastics and measures to improve the production of renewable biological resources.
- A set of initiatives to modernise the Intellectual Property Framework.
- An initiative to improve the functioning of public procurement in the EU.
- Extension of the Skills Agenda to new key industry sectors, such as construction, steel, paper, green technologies and renewable energies, manufacturing etc.
- A strategy on sustainable finance to better orient private capital flows to more sustainable investments.
- Initiatives for a balanced and progressive trade policy and a European framework for the screening of foreign direct investments that may pose a threat to security or public order.
- A revised list of critical raw materials where the Commission will continue to help ensure the secure, sustainable and affordable supply.
- New proposals for clean, competitive and connected mobility.
Putting this holistic strategy into practice is a shared responsibility. Its success depends on the efforts and cooperation of the EU institutions, Member States, regions and most importantly on the active role of industry itself.
New production technologies are changing Europe’s industrial landscape and play an increasingly important role in determining the ability of European business to compete globally. They will create jobs through a number of channels, and technologies delivering higher productivity can benefit the wider economy. They may also have a deeper impact on the nature and availability of work. The future of Europe’s industry will depend on its ability to continuously adapt and innovate by investing in new technologies and embracing changes brought on by increased digitisation and the transition to low-carbon and circular economy. At the same time, global competition is higher than before and the benefits from globalisation and technological progress are unevenly spread across our societies. The Juncker Commission wants to address this.
More information: European Commission 18.09.2017 press release
Share this Post