Commission publishes the EU Competitiveness Compass

Today, the European Commission (Commission) has published the EU Compass to regain competitiveness and secure sustainable prosperity.

The Compass highlights three key pillars:

  1. Closing the innovation gap: Key initiatives include ‘AI Gigafactories’, sector-specific action plans, and an EU Start-up and Scale-up Strategy, along with a 28th legal regime to simplify regulations and lower barriers for innovative companies in the Single Market.
  2. A joint roadmap for decarbonisation and competitiveness: Key initiatives include the Clean Industrial Deal to drive competitiveness-led decarbonisation, an Affordable Energy Action Plan to lower costs, and an Industrial Decarbonisation Accelerator Act to streamline permitting to sectors in transition.
  3. Reducing excessive dependencies and increasing security: To enhance security and reduce dependencies, the EU will leverage strategic partnerships and its extensive trade network. The Competitiveness Compass introduces Clean Trade and Investment Partnerships to secure critical resources like raw materials, clean energy, and sustainable fuels. Additionally, a review of Public Procurement rules will enable a European preference for key sectors and technologies within the internal market.

The three pillars are supported by five horizontal enablers: simplification, lowering barriers to the Single Market, financing competitiveness, promoting skills and quality jobs and better coordination of policies at EU and national level.

For more information, see the Commission’s PR.

Pour plus d’informations, voir le communiqué de presse de la Commission.