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MIL OSI Translation. Region: Germany / Deutschland –

Source: Federal Ministry for Economic Affairs and Energy

23/10/2020 – Press release – European Economic Policy

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Today the ministers responsible for competitiveness from the EU member states meet for an informal video conference. During the German EU Council Presidency, Federal Economics Minister Peter Altmaier invited his EU colleagues as well as the EFTA states Iceland, Liechtenstein, Norway and Switzerland to discuss the role of industry as a motor for economic growth and recovery in the EU. It will also be about fair competition as a prerequisite for a flourishing EU industry. The Vice President of the European Commission, Competition Commissioner Margrethe Vestager, and the EU Commissioner Thierry Breton, who is responsible for internal market issues, also take part. Federal Minister of Economics Altmaier: “We need a strong European industry with secure jobs as a basis for growth and prosperity. This is all the more true in the current Corona crisis and we must work together to overcome the Corona crisis. We can only get out of the crisis together with a strong Europe. At the same time, we must also set the course for the future. Therefore, today we advise on how we can meet the structural challenges of digitization and climate protection and make the best possible use of the opportunities of the upcoming transformation for our industry. The key question is how even more investment in digital and climate-friendly innovations can be promoted in the EU. ”During today’s meeting, the ministers will discuss how industrial policy can create the right framework for innovations in Europe so that industrial competitiveness can be secured in the long term. In order to successfully shape the green and digital transition, industry is a key player. Ministers will discuss today what measures and reforms should be implemented to work with the private sector to strengthen investment in innovation development, commercialization and widespread use. The Projects of Common European Interest (IPCEI) are an important instrument for this. Another aspect of today’s discussion is the topic of level playing field in the internal market, i.e. fair competitive conditions for all companies. The background to this is the distortion of competition in the internal market, which arises from the fact that non-European competitors are partly state-owned or receive substantial subsidies, while state aid control for EU companies strictly limits state support. In June this year, the European Commission presented proposals for a new instrument, which are being discussed for the first time today at ministerial level.

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EDITOR’S NOTE: This article is a translation. Apologies should the grammar and / or sentence structure not be perfect.

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