An EU industrial strategy based on digitalisation, circular and efficient economy
- business-friendly environment
- support public investment in innovation
- sufficient financial means for the industry sector
MEPs adopted on Wednesday a call for an ambitious EU industrial strategy aimed to fulfil the 2020 target of 20% of Union GDP based on industry.
A consistent and comprehensive industrial policy should be developed by early 2018 based on digitalisation, energy-and-resource-efficient economy, and a life-cycle and circular economy approach, said MEPs.
Their main recommendations are:
- a business-friendly environment with a level playing field for all EU SMEs, start-ups and scale-ups, young entrepreneurship and social economy enterprises;
- support for public investment in innovation;
- sufficient financial means for the industry sector in the next multiannual financial framework;
- reduce the administrative burdens and compliance costs for businesses, including family business;
- more consistency between trade policy and industrial policy;
- effective anti-dumping and anti-subsidies strategy for the EU;
- assessment of the adequacy of market definitions and the current set of EU competition rules to take into account the evolution of respective global markets;
- more attention to the role of foreign-based state-owned enterprises that are supported and subsidised by their governments in ways that the EU single market rules prohibit for EU entities.