Parliament proposes action plan for promoting industrial policy

In view of the upcoming enlargement, the Parliament on 23 October adopted a report on industrial policy in which it proposed an action plan focusing on restructuring and innovation.

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The Parliament welcomed the Commission's Communication on industrial policy in an enlarged Europe and emphasised that the goal of economic growth and modernization set out by the Lisbon agenda must focus on the backbone of the European economy - its industrial base. It states that especially in light of the upcoming enlargement and the big differences in the industrial fabric between current and new Member States, industrial policy must be addressed as a matter of urgency.

The report, drafted by Olga Zrihen (PES, Belgium), highlights that the aim of the EU's industrial policy should be to realise the potential to be derived from expanding the European market to include millions of new consumers, workers and entrepreneurs. At the same time, the necessary adjustments and restructuring must be handled to the best possible effect.

The Parliament therefore proposes an action plan which should focus on the following areas:

  • incorporating the aims of industrial policy into all EU policies;
  • pursuing sustainable development;
  • harmonising national taxation systems that adversely affect the single market;
  • strengthening the link between research and industry;
  • promoting innovation, also for small and micro-businesses;
  • facilitating access to finance for new businesses;
  • encompassing the social dialogue;
  • incorporating education, training, and skills.

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