Industry is a critical sector for the European economy, contributing 16% value to total European Gross Domestic Product (GDP). Manufacturing complexity is an important predictor of how well an economy will perform in the future. Evidence shows that there is a direct correlation between the size of the manufacturing industry and innovation. It is also a significant sector for European trade, with 80% of exports coming from industry. An industrial strategy that lays the groundwork for the EU manufacturing industry to project itself into the future is therefore paramount.
AmCham EU has a vision for the future of industry in Europe. We highlight four key priorities for the future industrial strategy of the EU:
19th May 2020
7th April 2020