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Thursday, March 12, 2020

The European Commission announced its new Industrial Strategy for a globally competitive, green and digital Europe

Environment, Economy - Finances, SME Policy,-,

News The Commission presented a new Strategy to help Europe's industry lead the twin transitions towards climate neutrality and digital leadership, aiming to drive Europe's competitiveness and its strategic autonomy at a time of moving geopolitical plates and increasing global competition.

Within its new industrial strategy the Commission declared that, in addition to making the most of its toolbox of trade defense mechanisms, it will adopt a White Paper by mid-2020 to address distortive effects caused by foreign subsidies in the single market and tackle foreign access to EU public procurement and EU funding.

Moreover, the Commission announced it will support an SME Initial Public Offerings (IPOs) Fund under the InvestEU SME window, to make it more accessible for SMEs to go public in Europe. the Commission will also empower female entrepreneurship by stimulating investment in women-led companies and funds.

Source :  Press room - European Commission


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