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The EU strives to increase global competition

Ursula Von der Leyen, President of the EU Commission, pointed out that one of the most important topics in the Commission is the competitiveness of the economy and industry, and said that global competition has become very strong.

The EU strives to increase global competition

"The EU still has work to do to develop its own clean technology industry." Von der Leyen said, reminding that they have prepared a Green Reconciliation Industrial Plan on this issue.

Recalling that they prepared net zero industry and critical raw materials bills two weeks ago, Von der Leyen stated that the European Parliament (EP) and member states should act quickly for these laws to come into force.

Emphasizing the importance of quickly getting rid of the existing obstacles in the EU market, von der Leyen said that they should deepen the union of capital markets and complete the banking union.

"We need large public investments in infrastructure and cutting-edge projects. This requires sustainable public financing," von der Leyen said. she spoke.

R&D expenditures should increase

Drawing attention to the importance of increasing the R&D expenditures of EU countries, von der Leyen said that the key to success is innovation. He explained that competitors spend much higher.

Prepare to alleviate bureaucracy

Stating that they had a comprehensive discussion on competitiveness, single market and energy issues, the President of the European Council, Michel, said that the leaders are committed to work together to ease the administrative burden, facilitate initiatives, speed up procedures, and move forward with smart rules and regulations so that Europe is more competitive.

"To successfully complete the digital and green transformation, we also need to be more assertive in investments in innovation." Michel said, emphasizing that they need to mobilize private capital to support this.

The USA provides significant incentives to strategic investments with its disinflation law. EU; It is afraid that European manufacturers will lose their competitive advantage in the face of incentives and supports in countries such as the USA and China and tries to take precautions in this area.

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