Heads of state recently reiterated the importance of sustaining effort in refocusing and reinvigorating the European Union’s industrial policy in order to better contend with international stakeholders. In its conclusion from the 21-22 March Summit, the Council called on the European Commission to draft strategies to strengthen and deepen the single market, industrial policy and digital policy.
In light of this, Friends of Europe is offering its members a series of exclusive, off the record, roundtable debates with key policymakers, hence providing an opportunity to directly share their insights and expertise. The product of these roundtable exchanges will be a series of recommendations which will be shared with the new EU mandate in the aim to better shape the EU’s future industrial strategy in accordance with the needs of the different stakeholders.
Our ‘What the Chiefs Say’ discussions are an opportunity to engage in an exclusive, closed door discussion with a selected group of senior representatives from industry, civil society and diplomacy. These 60-minute discussions include a one-on-one exchange with the moderator, followed by an off-the-record question and answer session with our members.
Heads of State recently reiterated the importance of sustaining effort in refocusing and reinvigorating the European Union’s industrial policy in order to better contend with international stakeholders. In its conclusion from the 21-22 March Summit, the Council underlined the need to build a strong economic base for Europe's prosperity and competitiveness. It called on the European Commission to draft strategies to strengthen and deepen the single market, industrial policy and digital policy.
Making sure that the European economy stays competitive is most pressing for securing economic growth, creating jobs and providing better opportunities for European citizens. Faced with growing competition from Chinese and Indian state-subsidised exports and the substantial presence of American multinational firms, European industries are calling on competition authorities to enable the creation of European industrial champions. Nevertheless, as recently underlined by the European Council, these authorities are tasked with maintaining fair competition between European businesses inside the Single Market.
The blocked merger between Alstom and Siemens to protect competition in the European railway industry is one of the most recent examples. However, the approval of the Amcor-Bemis merger only a few days later, proves that there is a fine-line between enabling a free market and encouraging competition. These developments have exposed a growing need to re-evaluate the EU’s support of the industrial sector, and the necessity to find a correct balance between internal competition and external competitiveness.
- How can European policy and legislation best strike a balance between prioritising EU competition and championing business?
- Is business environment impacted by these highly publicised cases? What repercussion do these measures have on company stock?
- How do the actions undertaken by European authorities compare to those of Chinese, Indian and American counterparts?
Carles Esteva Mosso, Deputy Director General of DG Competition at the European Commission
Dharmendra Kanani, Director of Insights at Friends of Europe
This event is exclusively for Friends of Europe’s members.
Marthe Krijger, Programme Manager
Tel.: +32 (0)2 893 98 18