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Source: Federal Ministry for Economic Affairs and Energy

19/11/2020 – Press release – European Industrial Policy


Today the industry ministers of the EU member states are discussing important aspects of the green transformation of industry in a video conference at the invitation of Federal Minister of Economics Peter Altmaier during the German EU Council Presidency. Commissioner Thierry Breton will take part in the debate on behalf of the European Commission. Federal Minister of Economics Altmaier said: “A competitive and resilient EU industry is the backbone for the economic recovery from the corona pandemic. In addition to the current crisis aid, we must therefore consistently set sail for the future through the right framework conditions for the transition to a green and digital economy. We also need more investment in new future technologies. The Council conclusions on industrial policy make a clear contribution to a strong, modern and competitive industry in Europe. ”An important focus of today’s discussion are the challenges of the basic and energy-intensive industries. For them it is particularly important to successfully implement the economic opportunities on the way to climate neutrality through technological leadership in low-carbon technologies. As for the entire industry, more innovations, increased pan-European cooperation in key technologies and fair competitive conditions are fundamental prerequisites. The Council conclusions drawn up in the run-up to today’s meeting between the member states are entitled “An upswing that will mark the transition to a more dynamic, drives more resilient and competitive European industry ”. In relation to the revision of the EU industrial strategy announced by Commission President von der Leyen, they serve as an important positioning of the EU member states on key industrial policy issues.


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

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