European Policy Centre’s Post

🚀 Together with over 100 organizations, Euromines signed a letter advocating for a significant increase in the budget for the European Framework Programme for Research and Innovation (FP10). 🌍💼 🔗 Read more: https://lnkd.in/eTmqG77W European Industry needs initiatives re-boosting it’s competitive advantage. To secure Europe’s future, we must prioritize investment in collaborative R&D and innovation across the continent. This means fostering partnerships 🤝, driving technology advancement 💡, and harnessing the combined expertise of both public and private sectors. Such investments are critical for enhancing Europe’s competitiveness and establishing leadership in key technological areas. They also lay the groundwork for a prosperous and sustainable future, ensuring that Europe remains at the forefront of the global technology race. 🏆🔧 Let's push for a stronger, more innovative Europe! 🇪🇺💪 #Innovation #R&D #TechLeadership #SustainableMining #RawMaterials #EUCompetitiveness

📢 Our Response to the UK Government’s "Invest 2035" Consultation The French Chamber of Commerce in Great Britain is proud to contribute to the UK Government’s "Invest 2035" consultation, showcasing how UK-France partnerships can drive innovation, boost economic resilience, and support regional development. Key Recommendations: - Clean Energy 🌱 : Joint UK-France initiatives in hydrogen, offshore wind, and biomethane for Net Zero goals. Innovation 💡: AI, cybersecurity, and digital tech collaborations to enhance global competitiveness . Removing Barriers 🤝 : Streamlining planning, aligning regulations, and enabling talent mobility. With France as the UK’s 4th-largest trading partner, these initiatives will reinforce our economic ties and foster sustainable growth. For more details, read our full response here: 👉 https://lnkd.in/eptYgx-Z For any queries, please contact David Lutton, PhD, External Affairs Director: dlutton@ccfgb.co.uk. #Invest2035 #UKFrance #CleanEnergy #Innovation #EconomicGrowth

The Saudi Industry Minister engages in talks with Hong Kong officials to enhance industrial collaboration. In a significant move to bolster industrial ties, the Saudi Industry Minister recently held discussions with key officials from Hong Kong. The talks focused on exploring avenues for enhanced cooperation in various industrial sectors, aiming to leverage the strengths of both regions. During the meeting, the Saudi Minister emphasized the Kingdom’s commitment to diversifying its economy and reducing its reliance on oil. He highlighted the Vision 2030 initiative, which aims to transform Saudi Arabia into a global industrial hub. The Minister underscored the importance of international partnerships in achieving these ambitious goals and expressed optimism about the potential for collaboration with Hong Kong. Hong Kong officials, on their part, showcased their region’s advanced industrial capabilities and technological innovations. They discussed opportunities for joint ventures, knowledge exchange, and investment in cutting-edge technologies. The officials also highlighted Hong Kong’s strategic position as a gateway to the Asian market, which could provide Saudi industries with valuable access to new markets. Both parties agreed on the need for a structured framework to facilitate ongoing dialogue and cooperation. They proposed the establishment of a joint working group to identify specific projects and initiatives that could benefit from mutual collaboration. This group would also work on addressing any regulatory and logistical challenges that might arise. The discussions also touched upon the potential for collaboration in the fields of renewable energy, smart manufacturing, and digital transformation. Both sides recognized the importance of sustainable development and the role of innovation in driving industrial growth. In conclusion, the talks between the Saudi Industry Minister and Hong Kong officials mark a promising step towards a stronger industrial partnership. By combining their respective strengths and resources, Saudi Arabia and Hong Kong can pave the way for a more prosperous and technologically advanced future. Stay informed. Visit our page. Photo CTTO

sn-news: #eu #strategy #tech Strategic Technologies for Europe Platform - Enhancing EU industrial competitiveness by focusing on developing critical technologies for a sustainable, competitive future

Europe's competitive strength, built on industrial excellence, innovation, and robust supply chains, is facing erosion. Its companies are falling behind in: 🔬 R&D spending 🚧 Investment 🚀 Growth 💶 Return on capital We explore ideas for regaining competitiveness and shaping a prosperous future for #Europe. mck.co/AcceleratingEurope

In our latest note, we explore the emerging debate in Europe about conditioning Chinese greenfield investment in the EV sector and the tools the EU could use to ensure they reap the benefits from these investments. European countries have revamped their approaches to vetting foreign investments in recent years to protect sensitive industries and critical infrastructure. But regulatory changes have focused primarily on the threat of home-grown companies being acquired by competitors from countries like China. They are less well-equipped to address a new trend: greenfield investment from Chinese electric vehicle producers. Going forward, European policymakers will try to ensure that such investments produce jobs for their citizens and lead to a sharing of technological know-how, while limiting any market distortions or security risks that could arise from them. In other words, they may seek to give China, which has imposed strict conditions on foreign investment for decades, a taste of its own medicine.

The US is investing heavily in advanced digital infrastructure across the globe, supporting the digital transformation of industries in other countries. However, a cohesive digital industrial strategy within the US seems to be lacking. This disparity raises concerns about a potential widening digital divide, both domestically and internationally. While global investment in digital technologies is crucial, a strong domestic foundation is equally important for long-term economic growth and competitiveness. A robust digital infrastructure at home would not only benefit US citizens and businesses but also enhance the country's ability to lead in the global digital economy. Read more>> https://hubs.ly/Q030TFvV0

🍃 Responses to Chinese EV greenfield investments in Europe? Back when I lived in China a few years ago, the strict conditions imposed on Western companies investing in China were often discussed. Today, when it comes to the trend of Chinese greenfield investments, often to hedge against geopolitical risks, EU countries could soon impose stricter conditions too. A good Rhodium Group note, published this month, looks at this emerging debate: - Welcoming Chinese EV investments has many potential benefits for EU countries, such as driving job creation, or increasing competition and thus innovation, while helping countries revitalise manufacturing at the national level. On an EU level it could play into the two goals of decarbonizing its economy and responding to distortive economic policies - But there are just as many concerns, such as unfair competition due to Chinese state subsidies, cybersecurity and the risk of over-use of non-local content (in manufacturing) or staff, are prompting policymakers to consider a number of regulatory measures - To balance these risks, the EU is likely to use a number of existing and new measures, to for example encourage greater localization, technology sharing, and cybersecurity standards. One tool could for example be the Foreign Subsidies Regulation (FSR) to level the playing field This has a number of communications implications for Chinese EV players - happy to discuss this further! #China #EVs #Investments #Europe Link to full note: https://lnkd.in/esfm4enJ

Foreign firms urged to help pool wisdom for Shanghai Lujiazui, the financial center in Shanghai, forms a perfect backdrop to the Bund area. [Wang Gang/For China Daily] Amid Shanghai's continued efforts to deepen international cooperation in terms of research and development, multinational companies should be better integrated into the city's innovation network, which would be conducive to the city's high-quality development, said officials and company executives. They made the remarks on Sunday during the 36th International Business Leaders' Advisory Council for the Mayor of Shanghai. Chen Jining, Party secretary of Shanghai, said that as technological innovation has been playing an increasingly important role in driving economic growth, Shanghai will expand its science and technology exchanges with other markets. Efforts will be made to develop offshore technological innovation, Chen said, adding that a foundation to advance coordinated technological innovation at a global level will be built in Lin-gang Special Area of the China (Shanghai) Pilot Free Trade Zone. International organizations are also encouraged to set up branches in the city, and all these steps are aimed at nurturing an open, fair, just and nondiscriminatory environment for technological innovation, he said. Shanghai Mayor Gong Zheng said the scientific research paradigm is undergoing profound changes amid the new round of technological and industrial revolution, and coordination and cooperation are crucial against this backdrop. Shanghai will implement a global technology partner plan, and will also actively participate in, nurture and initiate international large-scale scientific projects, he said. Multinational companies will be encouraged to set up international R&D centers and open innovation centers in the city, and will be deeply integrated into Shanghai's local innovation network, Gong added. As of June, 985 multinational companies had set up their regional headquarters in Shanghai, and the number of foreign-funded R&D centers reached 575, according to the municipal government. Severin Schwan, chairman of the board of directors of Swiss healthcare company Roche Group, said that openness, innovation and collaboration are important for Shanghai's high-quality development, particularly in the wake of geopolitical tensions and market uncertainties. Multinational companies can tap into the sectors of healthcare, science and technology, and the digital economy more deeply, said Schwan, who is also chairman for this year's International Business Leaders' Advisory Council. Dominic Barton, chairman of multinational mining company Rio Tinto, said the private sector has been contributing substantially to research projects, and this is a global trend. Miguel Lopez, CEO of German industrial and engineering conglomerate Thyssenkrupp AG, suggested that Shanghai could place great importance on and fully utilize multinational companies' industrial expertis

Securing the Future of European Competitiveness: Key Insights from Mario Draghi’s Latest Report 📊 As geopolitical tensions rise, global trade slows, and technology advances rapidly, Europe faces a pivotal moment. Mario Draghi confronts these challenges and offers a roadmap to restore Europe’s leadership. 🔑 Key Takeaways: Closing the Innovation Gap: Current Situation: Europe trails the US and China in innovation, with European companies spending €270 billion less on R&D than US firms in 2021. The continent’s static industrial structure has left it with just four of the world’s top 50 tech companies. Challenges: Despite having talent, Europe’s fragmented markets and regulatory barriers hinder innovation. Many European entrepreneurs relocate to the US to access better funding. Solutions: Draghi proposes creating the "Innovative European Company" status to streamline regulatory hurdles and provide EU-wide access. Decarbonization & Competitiveness: Energy Prices & Security: Europe’s energy prices are 2-3 times higher than those in the US and China. Decarbonization is essential for both climate goals and long-term energy security. Opportunities & Risks: While Europe leads in clean technologies, China’s growing dominance—projected to exceed global demand in solar and battery production by 2030—presents challenges. Key Proposals: Speeding up the installation of renewable energy infrastructure and upgrading Europe’s energy grids is critical. Securing Europe’s Independence: Strategic Autonomy: Draghi warns of Europe’s over-reliance on non-EU suppliers for critical raw materials and defense. Only 10 EU Member States meet NATO’s 2% GDP defense spending target, and 80% of EU defense procurement comes from non-EU suppliers. Supply Chains & Defense: The report advocates for diversifying supply chains and boosting production in sectors like semiconductors and defense. Foreign Economic Policy: Draghi suggests a robust EU foreign economic policy to build partnerships with resource-rich nations and secure stockpiles of critical technologies. Massive Investment Push: Investment Needs: Draghi estimates that achieving Europe’s goals in innovation, decarbonization, and defense will require €750-800 billion in additional annual investment. This scale of investment has not been seen in Europe since the 1960s and 70s. Financing Solutions: To finance this transformation, Draghi calls for leveraging private capital alongside public funding, including common debt issuance for key projects like defense procurement and energy infrastructure. Conclusions: Draghi’s message is clear: Europe stands at a crossroads, with a choice between paralysis, disintegration, or deeper integration. To lead in innovation, clean energy, and strategic industries, Europe must undertake bold reforms, make joint investments, and act with unity. As Draghi concludes, “Integration is our only hope.” #Europe #Innovation #Sustainability #Competitiveness #Technology #EU #Investment #Security