An Industry Action Plan for a more competitive, sustainable and strategic European Union. European Policy Centre Issue Paper 7 November 2019

Bjerkem, Johan and Pilati, Marta and Dhéret, Claire and Giuli , Marco and Sipka, Stefan (2019) An Industry Action Plan for a more competitive, sustainable and strategic European Union. European Policy Centre Issue Paper 7 November 2019. UNSPECIFIED.

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Abstract

Industry in Europe is faced with an unprecedented number of new challenges and megatrends, from a slowdown in global trade to digital disruption and climate change. In a fast-changing world, industry remains the backbone of the European economy, delivering high-quality jobs, innovation and world-class companies. Thus, to stay ahead of the curve and retain its competitive edge, the EU must embrace change and renew its industrial strategy. There is growing momentum for a revived EU industrial strategy. EU leaders have called on the European Commission to present a new “long-term vision” for the EU’s industrial future by the end of 2019. Commission President-elect Ursula von der Leyen has pledged to put forward a new industrial strategy as part of a “European Green Deal”. Several member states have also been vocal on the need for a gear change in the EU’s approach, including the much-debated calls from France and Germany to modernise EU competition policy and support the creation of ‘European champions’, as well as others underlining the well-functioning of the Single Market as the basis for competitiveness.

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