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The European Commission today presented its renewed EU Industrial Policy Strategy, which is focused on technological skills, digitalization, and investment in innovation. As announced last week by European Commission President Jean-Claude Juncker in his State of the Union address, the strategy would be used to make European industry “stronger and more competitive … particularly for our manufacturing base and the 32 million workers that form its backbone.”
IPC has long advocated for an ambitious industrial agenda for Europe and welcomes the EU efforts to boost growth and jobs through investment in advanced manufacturing, workforce skills, research and innovation. We are encouraged that the Commission reaffirmed its commitment to reaching the target of 20% of GDP from industry, with an ambitious and realistic timeline.
The strategy puts a strong emphasis on a skilled and talented workforce, which is a priority for IPC. Recruiting the necessary talent is a fundamental concern for the advanced manufacturing industry in Europe, which consists of more than 700,000 enterprises and employs more than 13 million people.
The Commission also recognizes that the future of the industry will be digital. Driving the industrial and digital transformation requires an improved framework and conditions for investment.
Finally, the objectives of the industrial strategy should be incorporated into other relevant policies, including the EU’s low-carbon and circular economy initiatives.
We stand ready to work with the European Commission and other stakeholders to address the short and long-term challenges and turn this vision into concrete actions to strengthen the competitiveness of the EU electronic industry.