- EU paper promotes new tech to boost GDP from 16% to 20% of EU GDP by 2020
- Manufacturing job losses 3 million since crisis
- Advanced manufacturing markets to double by 2015
The decline in the European Union’s manufacturing is the center of the sights for The European Commission’s leaked paper seek by Reuters asking countries to invest heavily in new technologies such as 3DPrinting.
The European Union’s main regulators are aiming to ensure that new technologies are exploited to cheapen manufacturing costs and increase production to combat the trends for diminishing output of the key manufacturing industries in Europe.
The paper, which outlines the bloc’s future industrial policy, said the commission wants to raise manufacturing from 16 percent to 20 percent of EU GDP by 2020 using new techniques such as 3DPrinting – the technology that enthusiasts calculate will revolutionise manufacturing, including electronics such as mobile phones, and save millions in costs.
The Commission also wants countries to invest heavily in advanced technologies such as industrial biotechnology – which uses living cells to make materials such as chemicals, detergents and paper.
The market for such technologies is tipped to grow by 50 percent from 646 billion euros to more than 1 trillion euros by 2015, the paper said.
Industrial production has declined 10 percent since the crisis and more than 3 million industrial jobs have been lost.
The car industry is among the hardest hit, with large over capacity in mid-market car makers in France, Spain and Italy: Total European car sales fell 6.6 percent in the period from January to August this year.
The paper indicates that the European Union has not exploited past emerging industries such as rechargeable lithium batteries. It says European firms hold more than 30 percent of the relevant patents “without any production of such batteries taking place in the EU”.
To reverse such trends the Commission proposes non-binding targets for manufacturing and investment, both public and private.
The European commissioner in charge of industrial policy Antonio Tajani (see profile link below) will launch the new proposals on Wednesday.
The policy will also promote green vehicles, smart grids, sustainable construction materials, and so-called key enabling technologies which include nanotechnology and photonics.’
Antonio TAJANI – European commissioner in charge of industrial policy
Born on 4 August 1953, Roma, Italy
Graduate in law (La Sapienza University of Rome). Editor of ‘Il Settimanale’ (1982); presenter of Radio 1 news programme (1982); head of the Rome editorial office of the newspaper ‘Il Giornale’ (1983).
Spokesman for the Prime Minister (1994). Vice-chairman of the European People’s Party. Member of Rome City Council (since June 2001).
Member of the European Parliament (since 1994). Head of the Forza Italia delegation in the European Parliament.