Brussels, 10 March 2020

On the 10th of March 2020, the European Commission published its strategies for European industry, SMEs and for the Single Market.

The new Industrial Strategy is weaved into the EU Green Deal, the transition of Europe into a climate-friendly economy and into the digital transformation, enabling European industry to lead the way globally when it comes to climate neutrality and digitalisation. At the same time, this New Industrial Strategy for Europe wants to boost Europe’s competitiveness and strategic autonomy, while underlining the importance of a level playing field.

Regarding the EU internal market, the Communication notes that the EU Competition framework is currently under review. As part of this exercise, various state aid guidelines, for example concerning energy and environmental aid, are under revision. In addition, a Single Market Enforcement Taskforce, composed of Member States and the Commission will be set up.

Concerning international trade, competitiveness and the harmful effect of foreign subsidies in the single market, it is announced that by mid-2020 the Commission will assess how current anti-subsidy mechanisms can be strengthened. Moreover, after already referring to this policy measure in the Green Deal Communication, it is reiterated that if differences in climate ambitions around the world persist, the Commission will propose a Carbon Border Adjustment Mechanism in 2021.

The Communication also contains parts that directly relate to the (maritime) transport sector. A Comprehensive Strategy for Sustainable and Smart Mobility will be put forward that aims at enabling the transport sector to shape new international standards for safe, sustainable, accessible and resilient mobility. Mention is also made of an EU Strategy on Offshore Renewable Energy and the review of the TEN-E regulation.