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EU: Commission Outlines 'Competitiveness Compass'

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European Commission President Ursula von der Leyen and Executive Vice-President for Prosperity and Industrial Strategy Stéphane Séjourné are outlining the so-called 'Competition Compass', the Commission's roadmap for boosting EU competitiveness over the coming five years in the face of continued competition with China and a Trump administration in the US racing to cut red tape. Livestream here. 

  • The Compass outlines three main aims:
    1. 'Closing the innovation gap' - boosting action in high-growth industries like AI, advanced materials, quantum, biotech, robotics and space technologies. Also simplify corporate law, insolvency, labour and tax law, and reduce the costs of failure to encourage investment.
    2. 'A joint roadmap for decarbonisation and competitiveness' - commitment to the Clean Industrial Deal that looks for 'a competitiveness-driven approach to decarbonisation,' put forward an 'Affordable Energy Action Plan will help bring down energy prices and costs'. Promises  'tailor-made action plans for energy intensive sectors, such as steel, metals, and chemicals,' to protect them during transition.
    3. 'Reducing excessive dependencies and increasing security.' - Clean Trade and Investment Partnerships to help secure supply of raw materials, clean energy, sustainable transport fuels, and clean tech from across the world. A review of the Public Procurement rules will allow for the introduction of a European preference in public procurement for critical sectors and technologies.
  • A press release on the Compass is here. A factsheet here. The full 26-page document can be found here. 
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European Commission President Ursula von der Leyen and Executive Vice-President for Prosperity and Industrial Strategy Stéphane Séjourné are outlining the so-called 'Competition Compass', the Commission's roadmap for boosting EU competitiveness over the coming five years in the face of continued competition with China and a Trump administration in the US racing to cut red tape. Livestream here. 

  • The Compass outlines three main aims:
    1. 'Closing the innovation gap' - boosting action in high-growth industries like AI, advanced materials, quantum, biotech, robotics and space technologies. Also simplify corporate law, insolvency, labour and tax law, and reduce the costs of failure to encourage investment.
    2. 'A joint roadmap for decarbonisation and competitiveness' - commitment to the Clean Industrial Deal that looks for 'a competitiveness-driven approach to decarbonisation,' put forward an 'Affordable Energy Action Plan will help bring down energy prices and costs'. Promises  'tailor-made action plans for energy intensive sectors, such as steel, metals, and chemicals,' to protect them during transition.
    3. 'Reducing excessive dependencies and increasing security.' - Clean Trade and Investment Partnerships to help secure supply of raw materials, clean energy, sustainable transport fuels, and clean tech from across the world. A review of the Public Procurement rules will allow for the introduction of a European preference in public procurement for critical sectors and technologies.
  • A press release on the Compass is here. A factsheet here. The full 26-page document can be found here.