Renew Europe Group launches plan for a competitive, innovative and resilient industry

After the lessons learned about the vulnerabilities of the European production model due to the impact of the Covid19 pandemic, Russia’s illegal, unprovoked and unjustified aggression against Ukraine, the nationalistic policies of the US and China and increased global trade disputes, the Renew Europe Group in the European Parliament today outlined its plan for a competitive, productive and innovative industry. We today launch a set of proposals aiming to strengthen our Union's sovereignty, which will boost job creation, a faster environmental friendly transition and increased geopolitical influence.

Renew Europe calls on the European Commission to propose:

• A Clean Tech, Competitiveness & Innovation Act, to improve conditions for companies, big and small to innovate, to grow and to succeed globally.
• A European Sovereignty Fund & Reform Act to incentivise structural reforms & investments with added value for European strategic autonomy.
• A New Generation of Partnerships in the World Act, using EU power in trade to promote new partnerships and diversify supply chains.

These initiatives will be discussed during our New Year event today; “The EU’s capacity to act: building open strategic autonomy”, with the participation of Belgian Prime Minister, Alexander De Croo, Micheál Martin, Tánaiste, Minister for Foreign Affairs and Minister for Defence and the President of the European Council, Charles Michel.

The President of Renew Europe Group, Stéphane Séjourné, said:

“Open strategic autonomy is the European Union's response to today’s challenges and Renew Europe has a plan to build it, based on three main concepts: openness, autonomy and taking account of geostrategic issues.”

“Other countries are developing different responses. Russia is sinking into expansionist imperialism. China has isolated itself. Others are seeking new alliances of circumstance at the risk of becoming vassals. Europe has chosen a better path to protect our citizens, diversity, businesses and our European way of life.”