Meeting European challenges – with a competitive industry

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POLICY PAPER | EUROPEAN POLIY | 2024-2029

Meeting European challenges – with a competitive industry BDI priorities for the EU legislative term 2024-2029

Autumn 2023

Key Messages In the next five years, the EU will need to assert itself on the international stage in an environment of increasing geopolitical turbulence and intensifying global competition to attract business. Europe can only achieve this by pursuing a political agenda that sees economic strength as a prerequisite for resilience, security, digitalisation, and climate and environmental protection. In the next legislative term, the EU institutions should therefore prioritise the following initiatives: The EU must work to diversify its economic relations. This includes strengthening the rules-based multilateral trading order, entering new free trade agreements and expanding other forms of cooperation. It is important to strike a balance here between sustainability criteria and strategic economic interests in order to be able to offer appealing trade, investment and raw materials opportunities, particularly to developing and emerging countries. Europe’s defence capabilities must be resolutely fortified by stepping up the pace of production and joint procurement of defence goods and by providing the defence industry with reliable access to funding. Strengthening the position of the European internal market on the global level must return to the top of the EU’s agenda. Steps needed here include dismantling national barriers, implementing current rules and completing the banking and capital markets union as well as driving forward the upgrade and expansion of the European energy and transport infrastructure. The EU must also resolutely cut red tape. Enterprises, particularly SMEs, expect a competitiveness check to become an integral part of the impact assessments of all EU legislative initiatives, and for EU policymakers to implement an effective one-in-one-out rule. The EU should provide more financing support for strategic investments that pave the way for the green and digital transitions and for security and defence, and accelerate and facilitate relevant funding measures.


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Meeting European challenges – with a competitive industry by Bundesverband der Deutschen Industrie e.V. - Issuu