Cross-cutting policy
11 March 2025
Updating the 2020 new industrial strategy: building a stronger single market for Europe’s recovery
Cross-cutting policy
11 March 2025
Cross-cutting policy
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This communication outlines the European Commission's updated industrial strategy, focusing on strengthening the single market, addressing strategic dependencies, and accelerating the green and digital transition in the wake of the COVID-19 pandemic.
Editorial team
Topics
EU-27
Academic/Research and VET Institutions
Company with 250 or more employees
EU institutions
SMEs (a company with less than 250 employees)
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Policy type
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Cross-cutting policy
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In May 2021, the European Commission released an updated new industrial strategy titled ‘Building a stronger single market for Europe’s recovery.’ It incorporates lessons from the COVID-19 crisis and outlines actions to enhance the EU’s industrial resilience and competitiveness.
Key highlights:
- Strengthening the single market: emphasises the single market’s role in economic recovery, calling for the removal of barriers, better enforcement of rules, and increased resilience to future crises.
- Addressing strategic dependencies: identifies vulnerabilities in raw materials, pharmaceuticals, and digital technologies, proposing measures like diversifying supply chains, boosting domestic production, and investing in alternative technologies.
- Accelerating the green and digital transition: highlights the importance of reducing carbon emissions, adopting sustainable practices, and integrating digital technologies to maintain Europe’s competitiveness.
- Supporting SMEs: focuses on improving SMEs’ access to finance, facilitating their green and digital transitions, and enhancing their resilience to economic shocks.
- Enhancing open strategic autonomy: balances openness to trade with protecting against unfair practices, strengthening trade defence instruments and ensuring a level playing field.
This strategy aims to build a robust, sustainable, and competitive European economy, addressing pandemic challenges and preparing for future risks and opportunities.
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