If you relax the legislation, we will invest billions – I send the European Titani to the European Union
Conference of Copenhagen Competitiveness Conference. Photo: Sebastian Elias Uth / AFP / Profimedia
Airbus and Siemens are among the elders of the industry insisting on the EU to implement their campaign meant to relax the legislation and to stimulate competitiveness.
Airbus, Siemens, Novo Nordisk and other industry giants are preparing to invest billions in Europe, if the European Union will implement its bureaucracy reduction and removal of industrial obstacles, the European Political Publication, quoted by Rador Radio Romania, reports Wednesday.
A statement from the industry, whose Draft was obtained by Politico, shows that over 20 of the largest companies of the European block intends to promise large -scale investments to help reduce the 800 billion euro investment gap to other regions of the world – a gap that has been a fundamental element in Mario Dragia's analysis global.
Europe has to invest another 800 billion euros per year in order to compete with the US and China – Report of the European Commission
But EU institutions should do first of all “ambitious reforms that support innovation, investments, technological infrastructure, a clean and fair transition and security,” will transmit companies.
“This increase in investments will be fully realized only if the unlocking measures mentioned in this declaration will be implemented,” says the draft of the statement.
The statement will be presented to European leaders on Wednesday at the Copenhagen Summit. Signators will most likely include Airbus, Siemens, ASML, Novo Nordisk, Thyssenkrupp, Sap, Equinor, Schneider Electric, Thales and Vodafone, along with other large industrial companies, writes Politico.
How much the companies are committed to invest was still past “[xx]”In draft.” If all major European companies will equal this level of investment growth, Europe would be on the right track to cover most of the annual deficit of about 800 billion euros highlighted by Draghi, “the text shows.
The list of “unlocking measures” that companies request vary from reducing bureaucracy and offering more incentives for private investments to accelerating the transition to clean energy, strengthening the industrial base of defense of Europe and reducing the dependence on foreign technologies.
The statement is to be adopted at the Conference of Competitiveness in Copenhagen, organized by the Danish Industry Patron Association. The event is expected to attend the chairman of the Ursula von der Leyen commission, French President Emmanuel Macron, Danish Prime Minister Mette Frederiksen and Polish Prime Minister Donald Tusk.
