BIC is co-signatory of Joint Declaration for an ambitious EU industrial strategy

28 August 2017

At the beginning of his mandate, European Commission President Jean-Claude Juncker identified the reindustrialisation of Europe as one of his top priorities and confirmed the objective of increasing the share of industry in the European GDP to 20% by 2020. As we approach the preparation of the next Multiannual Financial Framework, it is vital for the European Commission to act and help the EU remain a competitive global industrial power playing in a fairer world market.

The European manufacturing industry, representing a diverse range of sectors, calls on the European Commission to:

  • reaffirm its commitment to reaching the target of 20% of GDP from industry, with an ambitious and realistic timeline;
  • adopt an Action Plan to tackle the challenges that the industrial sectors are facing, in the framework of a Communication that would include concrete steps and milestones; and
  • commit to implement this Action Plan in a timely manner and regularly report on progress.