#Industry4Europe initiative publishes Joint Reaction Paper

The coalition of 119 European industrial associations from a wide range of industrial sectors, of which FEFAC is a signatory, highlight the important contribution of European industry to productivity, innovation and economic prosperity.

The newly published Joint Paper “For an ambitious EU industrial strategy: going further” ((17) DOC 124), is a reaction to the Communication on “Investing in a smart, innovative and sustainable Industry: a renewed Industrial Strategy for Europe” published by the European Commission in September. The Commission Communication is considered an important first step as it puts industry back in a high position on the political agenda and provides a comprehensive overview of current and upcoming Commission’s initiatives and measures related to industrial competitiveness.

In the Joint Reaction Paper, the Signatories identify all key objectives and missing measures that should be at the heart of any ambitious and longer-term EU industrial strategy, taking the Communication as a starting point. The recommendations of the #Industry4Europe coalition touch upon major policy fields, including business-friendly environment and governance, skills & training, research and innovation, access to finance, internal market as well as trade and international market access.