‘Europe is not attractive enough for companies’

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‘Europe is not attractive enough for companies’

European heads of government are today discussing the future of European industry at an EU summit. New climate policies are required now that the climate crisis and the return of geopolitics are playing an increasingly important role.

US President Joe Biden, patriarch of the Inflation Reduction Act, with Ursula von der Leyen, President of the European Commission. (ANP / AFP)

The European Commission discusses, among other things, the concerns of both the Dutch and European industry, says the Brussels head of VNO-NCW Winand Quaedvlieg. He states that there is a bad business climate and that the competitiveness of European industry is deteriorating.

According to Quaedvlieg, Europe is ‘not attractive enough’ for companies to come and stay, and Europe is experiencing difficulty competing with other superpowers such as the United States, Japan and China.

To suggest

And so the European Commission has published four proposals that respond to this. For example, there is the Net Zero Industry Act, ‘and it is about stimulating CO2-neutral industry in Europe’, says Quaedvlieg. ‘In addition, there is a Critical Raw Materials Act, because Europe’s dependence on foreign raw materials is too great.’

Quaedvlieg states that during the summit, the internal market, which has existed for 30 years, will also be discussed, and that it needs to be improved. ‘And finally, there is a plan to improve Europe’s long-term competitiveness.’

Inflation Reduction Act

But, says Quaedvlieg, the Net Zero Industry Act is particularly important, because it can safely be seen as the European response to the American Inflation Reduction Act. And more, he says. ‘It is also about how you can stimulate low-carbon or CO2-neutral industry in Europe,’ continues Quaedvlieg. ‘And that of course fits into a major plan of the European Union that is already a few years old – the Green Deal.’

The Net Zero Industry Act is an important next step, says Quaedvlieg. All the more so because Europe has made so much effort to reduce CO2 emissions. ‘We now also have to look at how to get enough other energy, and that is a plan that we as European industry have been pointing out for a long time.’


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