In a globalised market, industrial competitiveness is essential to drive inclusive economic growth and jobs, especially for small and medium-sized companies (SMEs).
European businesses, small and large, must be able to compete in domestic and global markets. With the support of the European Union and member states, they can aim for that while also working towards a sustainable low-carbon economy.
Jobs and growth
The European Commission places great emphasis on competitiveness, given its importance in creating jobs and growth in Europe. This includes ensuring that businesses benefit from simplified public administration and a broadly, business-friendly environment, can access markets, benefit from good infrastructure and the resources they need, including finance, raw materials, energy and suitably skilled labour force. For their part European businesses must be at the forefront of research and innovation, produce goods in a sustainable manner, and invest for the future.
In a changing world, the European Union must become a smart, sustainable and inclusive economy. Through these three mutually reinforcing policy priorities the Europe 2020 strategy aims to deliver high levels of employment, productivity and social cohesion.
Some 20% of the annual GDP of the European Union comes from the direct and indirect contributions of the chemical industry. Chemicals contribute greatly to wealth creation along nearly all value chains, from pharmaceuticals to crop protection, transport and construction, textiles and consumer goods.
A sustainable competitive chemical industry plays a pivotal role in supporting the Europe 2020 strategy for jobs and growth. To find out more on how SusChem is working to deliver competitiveness in the European chemical sector, and across other industry sectors, and how this relates to Horizon 2020 Societal Challenges and the UN Sustainable Development Goals click on a sector below!