The ‘new industrial strategy for Europe’, presented by the European Commission in March 2020, outlines a roadmap to strengthen the EU’s industrial sector in the face of global challenges and transitions.

Key highlights:

• Twin transition: positions European industry to lead the green and digital transition, targeting climate neutrality and technological sovereignty.
• Global competitiveness: advocates for open markets while ensuring a level playing field to maintain Europe's industrial leadership in a shifting geopolitical landscape.
• Support for SMEs: proposes measures to boost small and medium-sized enterprises (SMEs), enabling their growth, innovation, and participation in global value chains.
• Skills and innovation: emphasises investment in skills development and research to foster innovation and adaptability to new market dynamics.
• Circular economy: encourages industries to adopt sustainable production and consumption patterns, promoting resource efficiency through circular economy principles.

The strategy ensures Europe’s industry remains a global leader, fostering economic growth while aligning with broader EU objectives, including the European Green Deal and the EU’s digital strategy.