The Renew Europe Group welcomes Commissioner Thierry Breton's ambition to make Europe a sovereign economic power in the 21st century, as was reflected in the EU Industrial strategy on 10 March.

Renew Europe welcomes the measures proposed by the Commission to enable European industry to be more competitive, by seeking a better balance between openness and legitimate protection, through measures to strengthen the Single Market, revise competition rules, ensure reciprocity in market access for European companies and finally, strengthen trade defence instruments and the screening of foreign investment.

Christophe Grudler, Vice-coordinator for Renew Europe on the Committee on Industry, Research and Energy said:

"We need to take ambitious initiatives so that our industry can contribute to a more competitive and sustainable economy, to the strengthening of our strategic autonomy and to a shared prosperity that leaves no one and no region out of development. We also need the means to steer the strategy: stronger governance and to this end, we welcome the establishment of a permanent high-level governance forum bringing together all stakeholders: industry, social partners, civil society and Member States. However, we regret the lack of common European performance indicators, which would secure a better monitoring of the implementation of the Strategy.”

"We also welcome the creation and financing of ecosystems on strategic value chains such as artificial intelligence, defence, space, cyber security, hydrogen; and the inclusion of measures for sustainable industries, which can contribute to the Green Deal objectives."