TSS: How to make Europe the place to be for industrial investments
At yesterday’s Tripartite Social Summit, President Fredrik Persson talked about the importance of having the right answers to Europe’s competitiveness challenges. Europe should remain the place to be for investments, growth and quality jobs.
“Competitiveness will certainly not be achieved by piling up legislation and increasing state intervention in the economy”, he said. “The focus must be on making business easier in Europe. This will help to release the full potential of European companies and workers”, Persson stated. He pointed out 6 key actions the European business community expects from policy-makers before the next European elections:
finalise the adoption of a Net-Zero Industry Act and a Critical Raw Materials Act; deliver a reform of electricity market design; finalise mutually beneficial new trade agreements; agree on a credible and investment-friendly framework for economic governance; adopt the long-awaited e-declaration to notify a posting of workers. And, very importantly, deliver on the commitment to reduce companies’ reporting requirements by 25% and to fully apply competitiveness checks on all EU regulatory initiatives.
Back from the USA, our Director General Markus J. Beyrer explains why the EU-US Summit fell short of business expectations and urges the two sides to work on concrete deliverables until year-end.
Did you know?
Source: European Commission
Quote of the week
"The Single Market is one of the preconditions for accelerating the circular economy. If we want to scale up circular business, we must enlarge the market and remove barriers."
Our Deputy Director General Alexandre Affre at the European Policy Centre Policy Dialogue on 25 October.
