Brussels, 16 February 2017 – Cefic, the EU chemical industry council, along with more than 90 other industry associations in Brussels, have signed a joint declaration today calling on the European Commission to:
- Reaffirm its commitment to reaching the target of 20% of GDP from industry
- Adopt an action plan to tackle the challenges industrial sectors are facing in the framework of a Communication that would include concrete steps and milestones
- Commit to implement this action plan in a timely manner and regularly report on progress
Click here to read the joint letter
Many EU industry sectors are asking themselves: why invest in Europe? Companies invest where there is a strong growth market as well as access to competitive raw materials. Increasingly, such conditions exist outside of Europe. The picture for industry balance sheets today is also deceptive: while many EU industry sectors are doing fine, bottom line profits are consolidated from global business activities.
States Marco Mensink, Cefic Director General, “The reason for this joint action is simple – we need a plan for industry in Europe. We don’t want Europe to be in a position of having to import its chemicals from China or the US, with all the associated loss in jobs and investment. We look to the Commission to recognise our value to the EU economy and help us deliver on Industry 4.0.”
Governments in other regions are doing more to ensure companies have access to competitively-priced raw materials and feedstock such as China’s ambitious five-year industrial strategy as well as India’s “Made in India” campaign. While Europe should not model itself on other economies, its industries are joining together to urge it to work harder in making Europe a more compelling destination for business investment.
Europe’s industry believe that with more emphasis on Europe’s higher value added niche products as well as innovative power, policymakers can ensure it attracts investments today that will pay off for decades to come. This is especially true for Europe’s chemical industry which is renowned for its high tech innovations, including materials for clean energy technology and energy efficiency.
Why an industry strategy?
With various strands of EU policy dedicated to industry, many might ask what more is needed. This Declaration aims to follow up on a promise by the Juncker cabinet over two years ago, to deliver an overarching strategy setting out a vision for industry’s future in Europe. A Commission Communication would show industry that Europe opens its doors not just to manufacturing but to the long-term jobs and growth it brings. European industry also commits to work with the institutions to make it happen.
Contact: Dervla Gleeson, Cefic Media Relations Manager (email@example.com / +32.(0)2.676.72.89)