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Updating the 2020 new industrial strategy: building a stronger single market for Europe’s recovery

Cross-cutting policy

11 March 2025

Updating the 2020 new industrial strategy: building a stronger single market for Europe’s recovery

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.

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Editorial team

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Geographical descriptors

EU-27

Organisation Type

Academic/Research and VET Institutions

Company with 250 or more employees

EU institutions

SMEs (a company with less than 250 employees)

  • Policy type

    • 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 marketemphasises 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 dependenciesidentifies 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 transitionhighlights the importance of reducing carbon emissions, adopting sustainable practices, and integrating digital technologies to maintain Europe’s competitiveness.
  • Supporting SMEsfocuses on improving SMEs’ access to finance, facilitating their green and digital transitions, and enhancing their resilience to economic shocks.
  • Enhancing open strategic autonomybalances 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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