The European Parliament adopted by 385 votes to 100 with 60 abstentions a resolution on reindustrialising Europe to promote competitiveness and sustainability. It noted that each job in industry creating approximately two additional jobs in the supply and service sectors.
A Renaissance of Industry for a Sustainable Europe (RISE) Strategy: Parliament welcomed the Commissions focus on industrial policy (IP), which must address comparative weaknesses in the EU economy, whether they be a lack of R&D investment, development of energy prices, bureaucratic red tape or difficulty in accessing finance. The EUs future industrial strength lay in a RISE strategy which pursued technological, financial, environmental and social innovation towards a third industrial revolution, solving the problem of unemployment given that industry created one in four jobs, providing employment for some 34 million people. RISE needed to promote the competitiveness of Europes industrial base through a value chain-conscious policy that covered undertakings of all sizes, and was conducive to maintaining the production chain in Europe.
Members noted that European industrys share of aggregate European gross domestic product (GDP) had fallen from 20 % to 15 % in 15 years, and strongly supported the headline target of 20 %, which would necessitate the creation of at least 400 000 new industrial jobs per annum, and proposed that it should be seen as a directional goal aligned with the EUs 20/20/20 goals. IP must also be effectively integrated into the European Semester process and the national reform programmes. Members regretted that the current dominant macroeconomic policy in the EU did not provide adequate access to capital for investment and innovation, especially for SMEs and therefore ran counter to an IP. They deplored the Councils cuts to heading 1A of the multiannual financial framework (MFF), in particular to Horizon 2020, COSME and the Connecting Europe Facility, and called on Member States to substantially strengthen the financial power of those programmes. They also felt the future cohesion policy and the European structural and investment funds to be pivotal to the reindustrialisation of the EU and its regions, and they called for better coordination and synergies between cohesion policy and Horizon 2020 programmes in order to set up regional innovation incubators. They welcomed the 4 % share of funds that would be implemented through a dedicated SME instrument under the Horizon 2020 programme.
Parliament stressed the importance of SMEs and noted that they have also been hit hardest by the crisis. It called for specific SME support and assistance programmes to facilitate SMEs in becoming industrial champions in their field.
Parliament deplored the absence in the Commission proposal of any measures against wage dumping and social dumping and concerning employee participation and restructuring.
An innovation, efficiency and sustainable technology offensive: Parliament emphasised the need for innovation to be promoted across the board, and involving employees pro-actively in the innovation process. It called for legislative proposals and studies on resource efficiency in order to take account of the viability of an investment on the basis of the criteria of effectiveness, profitability and long-term effects, and asked the Commission to further promote life-cycle thinking by means of an integrated product policy (IPP) which gives consideration to the whole of a products life cycle (cradle-to-cradle approach).
Parliament stressed the key role of broadband services and .welcomed the strategy for key enabling technologies and discussed further action in the fields of clean production, advanced manufacturing, investment in smart grids and energy efficiency. It called for a cluster policy and cluster networks in the form of cooperation, particularly in value chains, between connected companies, suppliers, service providers, universities and research centres. Completing the internal market and opening external markets for RISE: Parliament completion of the single market for goods, energy, telecommunications, transport, green products and venture capital, since failure to complete the internal market was a barrier to growth. Members recommended further initiatives in terms of, inter alia, public procurement, market surveillance, the completion of the digital single market, and measures to assist SMEs. They stressed the importance of IPR enforcement in the physical and digital environments for job creation in European industries and welcomed the ongoing reform of the EU trademark system.
They went on to discuss the external dimension of industrial policy, stressing the importance of environmental and social standards in bilateral trade agreements and multilateral trade relations to establish fair and equitable trade and a global level playing field. The Commission must ensure that operators inside and outside the EU get on an equal footing. In addition, Parliament considered that the EU should phase in the principle of reciprocal trade relations, particularly with regard to access to public procurement markets and improve responsiveness, which could help in the opening-up of markets.
The resolution contained several recommendations, particularly regarding environmental and social standards in bilateral trade agreements and multilateral trade relations. It also stressed the need for revised trade defence instruments, including a more active anti-dumping policy and a genuine exchange rate policy.
Financing an Industrial Renaissance: Members stressed the need to improve the legislative and financial framework so as to encourage investment in industry, as well as the need for new alternative and creative financing avenues, in particular with regard to private and equity financing. They made several recommendations on innovative funding models and welcomed the Commissions initiative to create joint financial instruments with the EIB. Parliament called for an effective regulatory framework for crowd funding on a basis of up to EUR 1 million per project, and to support the creation of local bonds markets for SMEs.
Skills and labour force for an Industrial Renaissance: noting that, since the start of the crisis, roughly 5 500 European industrial companies had been restructured, resulting in the loss of some 2.7 million jobs, Parliament stated that IP would require more and better access to training, lifelong learning, fit-for-the-future vocational training and university education, a strong emphasis on the science, technology, engineering and mathematics (STEM) fields, and entrepreneurship support. It discussed action required in these fields from Member States and the Commission, including: forecasts regarding the skills required by the employment market, and addressing e-skills shortages at all education levels.
Resource and energy policy: Members warned that without certain key raw materials, no future development would be possible in most strategic industries in Europe. They also highlighted current trends in global energy prices, which were linked to unconventional oil and gas resources in the USA as well as developments in the Middle East, and noted that high energy prices were an important factor affecting the competitiveness of European industries. Members stressed the need to provide analyses of the factors influencing the price of energy and also emphasised that RISE required coherence between industrial, energy and climate policies.
A regional RISE strategy with particular attention to Europes south: Members called for full European infrastructure integration, especially for the southern economies, in particular in rail, energy and ICT, and stressed the need to gear the Connecting Europe facility to this effect. Parliament advocated a multi-regional industrial policy approach that relaunched sustainable growth in contracting economies and those exposed to significant risks to their industrial base.