The EU’s New Industrial Strategy
On 10 March, the European Commission released its New Industrial Strategy for Europe, a priority which Commission President Ursula von der Leyen outlined in her political guidelines for 2019-2024. Building upon a succession of previous industrial strategies, the latest of which was released in 2017, the document presents the vision of what the EU wants to achieve by 2030 and beyond, as well as the fundamentals that will help it realise this goal.
The Strategy underlines a new focus on industrial ecosystems which considers all players within a value chain. The need for industry to become greener and more digital – while remaining competitive – is present throughout the text. Additionally, it highlights the EU’s ambition to boost its strategic autonomy and reduce dependence in key strategic areas such as technology, food, infrastructure, and critical materials, putting forward a new ‘partnership approach to governance’ that would promote deeper integration of European industry across its value chains and borders.
Download NOVE’s note to get an overview of the Strategy and the main initiatives proposed by the Commission.