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How the EU can lead in industry this decade
Maxime Bureau, Chairman of AmCham EU penned an op-ed to Our World that speaks to the need for a comprehensive industrial strategy in the EU. In the article, Mr Bureau outlined the importance of addressing challenges related to the skills gap, climate change and the future of the multilateral trading system. In the piece which can be found here, he also stressed that 'as global competition in manufacturing becomes fiercer, we need European industry to be competitive'.
The op-ed further highlighted that in order to remain competitive, a future European industrial strategy should rely on four key pillars, namely: the digitisation of industry, a cleaner future, a circular approach to raw materials, and a reinforced rules-based trading system.
As the Council of the European Union will discuss industrial policy in the context of the European Green Deal on Thursday, 27 February 2020, this op-ed plugs into a very important moment in these key discussions.
AmCham EU has been an active partner in the discussions on a renewed industrial strategy and will share a letter with all EU permanent representations addressed to the respective ministers of Economic Affairs and Industry ahead of the Competitiveness Council meeting highlighting our key principles when it comes to European industry.
The key principles are:
- Ensuring that industry and consumers can enjoy the full benefits of the Single Market.
- Creating the right conditions for a sustainable, climate-neutral and digital future.
- Fostering investment and innovation in people, technologies and processes.
- Rebuilding trust in global trade.
For more details, you can read our position paper on an industrial vision for the EU here.