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Increasing EU industrial competitivenessJames Watson, Director Economics
Bucharest, 23 October2014
Who we are?
41 members in 35 countries Representing small, medium and large
companies European social partner Staff: about 50 persons Supporting network of +50 companies (AS
Group)
2
Industry as backbone of the economyDirect and indirect employment in the manufacturing sector (2012) in 1000
Source: Eurostat (2013), WIOD (2013), calculations by IW
EU is losing global manufacturing share
Share of global manufacturing value-added
Source: UN (2013), OECD (2013), Eurostat (2013), calculations by IW
Manufacturing and Employment well below pre-crisis levels
Recommendations for an industrial compact
ECONOMY ENERGY AND CLIMATE
SINGLE MARKET
EMPLOYMENT
ENTREPREN-EUSHIP
TRADE
Industrial competitiveness throughout all policy areas
Economy
growth and structural reforms – better implementation of EU reform recommendations
sustainable public financesaccess to finance for companies
Employment flexicurity reforms on labour markets education and training sustainable pensions Economic migration
Single Market removing barriers effective enforcement fostering greater support of public opinion digital Europe
Trade
WTO negotiations Bilateral free-trade agreement Transatlantic relations Economic dimension of EU foreign policy
Conclusions – the EU can support Romanian industrial competitiveness
• Advocate for competitiveness enhancing structural reform
• Structural funds• Access to the internal market• Access to international markets