A new Industrial Policy for Europe

A new Industrial Policy for Europe

The relevance of a new industrial policy which can face the challenges of the 21st century was recently debated extensively, during a joint European Policy Centre and European Economic and Social Committee Conference titled: ‘A New Industrial Policy for Europe’. The event, held on the 12th of November in Brussels, brought together the Vice-President of the European Parliament, Antonio Tajani, the Commissioner for the Internal Market, Industry, Entrepreneurship, and SMEs Elżbieta Bieńkowska, and other stakeholders and experts. [Tweet "Tajani stressed that a modern industrial policy has to be combined with environmental policy"]Time to renew commitment towards an industrial policy President Tajani stressed that a modern industrial policy has to be combined with environmental policy, and it has to be a policy that gives industry the chance to develop. European industrial policy should be targeted towards growth in all possible areas. At the same time, Europe constantly faces the threat of investment leakage and relocation, due to high energy prices in Europe, a steady decrease in manufacturing accelerated by the crisis, significant competition disadvantages, and a lack of alignment between industrial and competition policy. Accelerate and integrate During her closing speech, Elżbieta Bieńkowska highlighted the point that an industrial policy fit for the challenges of the 21st century is at the focus of the European Commission’s policy to boost growth, jobs and investment. Her motto on the path to creating a modern, pragmatic and focused industrial policy is to “accelerate and integrate”: to accelerate implementation of concrete actions to support a competitive industrial economy, whilst integrating competitiveness in all policy areas. Industrial strategy priorities Bieńkowska identified four basic priorities of [...]