When President Ursula von der Leyen took the reins of the European Commission in 2019, one of her first initiatives was to propose a new growth strategy centred on the idea of “competitive sustainability”. This was followed by the announcement of the new European Green Deal and then the adoption of an industrial strategy that would promote EU competitiveness. In April 2021, one year after the first Communication on the industrial policy, in a year dominated by the outbreak of the coronavirus pandemic, the European Commission published an update of the Communication. It reaffirmed its commitment to protecting the Single Market, promoting competitiveness and productivity and fostering resilience in European industry. But the document seems to fall short of the ambition set out in the first announcement. In order to contribute to the shaping of the final EU industrial strategy, the CEPS Task Force on the New Industrial Strategy for Europe attempts to lay out a few principles on how Europe could lead the way to a new industrial policy. This Forum provides an overview of a number of the Task Force’s recommendations that will help shape the new Industrial Strategy for Europe.
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