The European engineering industry (EI) plays a vital role in the economic recovery of Europe and the ambitious goal to increase the industrial output by 2020 to more than 20% of the GDP. However, more investment of companies is necessary to generate such growth, to reverse the current trend and to get people out of unemployment.
The European Commission under the European Strategy 2020 has established a goal to raise the industry contribution to GDP from 15.6% (2011) to 20% by 2020. The Industrial Policy Communication updated of October 2012 outlines a strategy to reverse the declining role of industry announcing actions in four main areas: Investment in new technologies and innovation; Access to Markets; Access to Finance and Human capital and skills.
Transition to a circular economy is a must if we are to protect our planet, but also if we are to increase the competitiveness of European industry. This is a long-term process that will require numerous initiatives at European, national and regional level. Companies see the circular economy as an opportunity. "Going green" is beneficial not only for the environment, but also for businesses, providing real savings in terms of raw materials, water and energy. Apart from its environmental and economic benefits, the circular economy also has social advantages, providing new jobs and new business models.
The Commission's proposal on industrial policy is a step in the right direction, but the EU needs a long term, comprehensive strategy: this is one of the conclusions of the debate at the Employers' Group meeting on 6 December 2017. The aim of the debate was to contribute to two opinions on industrial policy that the EESC is currently working on.
The success of the new Industrial Strategy will depend on the way it is implemented. Business organisations are calling for a broad, horizontal approach to industrial policy – these are some of the conclusions of the seminar on Industrial Policy that took place on 18 December in Brussels. The participants of the discussion presented their views on a recent proposal by the European Commission on industrial policy.
The EU is well on track to achieve the 2020 targets on greenhouse gas emissions reductions. However, maintaining a healthy trajectory towards a carbon-neutral economy will demand clear investment planning in R&D and infrastructure, significant clean energy deployment and political will, both internationally and at home, over the coming decades.
Transition to a circular economy is a must if we are to protect our planet, but also if we are to increase the competitiveness of European industry. This is a long-term process that will require numerous initiatives at European, national and regional level. Companies see the circular economy as an opportunity. "Going green" is beneficial not only for the environment, but also for businesses, providing real savings in terms of raw materials, water and energy.
The publication is a summary of the conference "Does the EU encourage private sector investment" that took place on 11 May 2017 in Valletta, Malta. The conference was jointly organised by the Employers' Group of the European Economic and Social Committee and all major Maltese employers' organisations: Malta Chamber of Commerce, Enterprise and Industry, Malta Employers' Association (MEA), Malta Hotels and Restaurants Association (MHRA) and Malta Chamber of SMEs (GRTU).
Digitalisation is transforming business landscapes and the world of work, and redefining the boundaries of production, consumption and distribution. This has created tremendous opportunities, as new products, processes and techniques have emerged, but has also created threats, as new ways of employment pose new challenges to employers and employees. The overall consequences on labour markets are, however, still highly uncertain, which is reflected in the wide variation in the outcomes of the existing research.