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Act Now: Europe Needs a Competitiveness Agenda

How can the European Union regain competitiveness? In five key demands, the leading associations of German business summarize the decisive measures for European economic policy now – from accelerated bureaucracy reduction to the relief of small and medium-sized enterprises.

On the occasion of a high-level meeting with EU Commission President Ursula von der Leyen on September 18, the German Chamber of Commerce and Industry (DIHK), the Federation of German Industries (BDI), the Confederation of German Employers' Associations (BDA), and the Central Association of German Crafts (ZDH) published a joint declaration, which we provide verbatim below:

BDA, BDI, DIHK, ZDH

"Europe is under enormous pressure. High energy prices, a significant demand for skilled labor, and unnecessary bureaucracy hinder innovation and investment. Geopolitical tensions, a heightened global subsidies race, and growing challenges to the multilateral, rule-based trade system exacerbate the situation.

The competitiveness of numerous locations in the European Union is at risk. Europe's role in the world is under scrutiny. Reflecting on recent weeks and months, it must be clear to everyone: An economically weakened Europe will struggle to assert its interests and values. Hence, regaining economic strength must be the highest priority for European policy.

Spitzengespräch Verbände vdLeyen

Die Verbandspräsidenten und die Kommissionspräsidentin (v.l.): Peter Adrian (DIHK), Jörg Dittrich (ZDH), Ursula von der Leyen, Peter Leibinger (BDI) und Rainer Dulger (BDA)

The four leading associations of German business – BDA, BDI, DIHK, and ZDH – call for a resolute competitiveness agenda and support the EU Commission in all measures serving this goal. The EU's strength is mainly derived from its economic unity and favorable conditions within the internal market – and Germany plays a central role in this. A strong Europe requires a strong Germany. Conversely, only a successful EU as a whole can lead to the renewed success of German business.

A year after the Draghi report, we recognize its diagnosis as accurate. The EU institutions must finally act in a manner aligned with economic realities and pragmatism. They must follow their announcements aimed at strengthening Europe's competitiveness with actions. Competition will not wait for us. The German Federal Government must support this course ambitiously and uniformly. 

Five Key Demands

At the heart of a forward-looking European economic policy must now be five points:

The leading associations of German business urge the EU institutions and the Federal Government to act swiftly and decisively now – for growth, competitiveness, and a strong future for Europe."

Key areas:
  • Wachstum
  • Mittelstand

Contact

Lemcke, Freya_quad

Freya Lemcke

Managing Director Representation to the European Union

Petri, Thorben_quad

Thorben Petri

Director European Economic Policy

Ohlig, Dominik_test

Dominik Ohlig

Press Office Duty Officer | Spokesperson