Increasing EU industrial competitiveness James Watson, Director Economics Bucharest, 23 October2014.
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Transcript of Increasing EU industrial competitiveness James Watson, Director Economics Bucharest, 23 October2014.
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Increasing EU industrial competitivenessJames Watson, Director Economics
Bucharest, 23 October2014
![Page 2: Increasing EU industrial competitiveness James Watson, Director Economics Bucharest, 23 October2014.](https://reader031.fdocuments.us/reader031/viewer/2022032313/56649e5d5503460f94b560b9/html5/thumbnails/2.jpg)
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)
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Industry as backbone of the economyDirect and indirect employment in the manufacturing sector (2012) in 1000
Source: Eurostat (2013), WIOD (2013), calculations by IW
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EU is losing global manufacturing share
Share of global manufacturing value-added
Source: UN (2013), OECD (2013), Eurostat (2013), calculations by IW
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Manufacturing and Employment well below pre-crisis levels
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Recommendations for an industrial compact
ECONOMY ENERGY AND CLIMATE
SINGLE MARKET
EMPLOYMENT
ENTREPREN-EUSHIP
TRADE
Industrial competitiveness throughout all policy areas
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Economy
growth and structural reforms – better implementation of EU reform recommendations
sustainable public financesaccess to finance for companies
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Employment flexicurity reforms on labour markets education and training sustainable pensions Economic migration
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Single Market removing barriers effective enforcement fostering greater support of public opinion digital Europe
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Trade
WTO negotiations Bilateral free-trade agreement Transatlantic relations Economic dimension of EU foreign policy
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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