As the European Union emerges from its longest ever recession, confidence is returning to the economy, but the recovery remains fragile, with modest GDP growth. With increasing growth and competitiveness one of the European Commission’s key goals, a renewed effort to strengthen the industrial base of Europe’s economy is being made. The Europe 2020 strategy calls for industry to make up a 20% share of Europe’s economy by 2020, a target which is still some way off. Industry is crucial to the European Union’s economy; accounting for 80% of exports and 80% of private sector research and innovation, as well as providing approximately a quarter of all private sector jobs.
The European Commission’s communication on industrial renaissance sets out the priorities of the Commission in the field of industrial policy, emphasising the importance of integration of industrial policy into other policy areas. Join us for a breakfast with Daniel Calleja Crespo, Director General of DG Enterprise and Industry in the European Commission, who will discuss the key points of the communication.
| European Commission