A Europe of economic power and innovation
European Breakthrough Innovation Agency
Europe […] must take the lead in this revolution through radical innovation. Throughout Europe, we must do everything in our power to have these digital champions, to attract talented scientists and entrepreneurs. ”
- Creation of a European Innovation Council, with €10 billion, to drive the emergence of future European champions.
- There are now 27 French unicorns and we aim for 100 more by 2030; and 10 European giants worth more than €100 billion.
Economic recovery after the pandemic
- As a consequence of COVID-19, the biggest recovery plan in the history of Europe, NextGeneration EU, to support Member States: more than €800 billion.
- Based on a French-German initiative, the Commission has issued common European debt to fund the ecological and digital transitions of Member States.
- Under each national plan, at least 37% of fund finance the ecological transition and at least 20% the digital transition (50% and 25% in the French recovery plan).
- 40% of France’s recovery plan is financed by the European Union.
- Launch of industrial alliances in ten sectors helping to preserve European strategic industrial autonomy, including the sectors of batteries, raw materials, hydrogen, semi-conductors and launchers.
- Launch of Important Projects of Common European Interest (IPCEI) in the sectors of microelectronics (2018), batteries (2019 and 2021) and hydrogen (2022), which are expected to mobilize more than €50 billion in private and public finance.
- Three other IPCEIs are being developed (electronics/connectivity, cloud, health).
- Conduct by the Commission in 2020 of a first in-depth review of EU strategic dependencies (goods, services, technologies) and a second review in 2022.
- Adoption in March 2022 of the Versailles Declaration, including a list of strategic sectors and tangible objectives to reduce European dependencies. In this respect:
- Agreement between the Council and European Parliament on the European Chips Act to develop research and innovation, mobilize €43 billion in private and public investments to create new plants in European territory and create crisis mechanisms in the event of supply chains disruption.
- The future Net-Zero Industry Act (NZIA) will simplify existing procedures, facilitate investments and develop training in strategic industrial sectors to help decarbonize our economies.
- The European Critical Raw Materials Act will ensure secure and sustainable supply of critical raw materials and will increase their recycling.
- Relaxation of rules for public support to strategic sectors for the ecological transition, in March 2023, which will align the amount of aid for individual businesses at the level of aid that may be granted by a third State when there is a genuine risk of investments being relocated outside of the Union (“alignment clause”).
Regulation of digital technology
“And today, this digital continent has no standards, or more precisely, it has one law: the survival of the fittest. It is Europe’s responsibility to define its regulatory framework so as not to effectively be subject to the survival of the fittest here.”
- Entry into force of the universal charger from 2024.
- Copyright reform for increased accountability of platforms and better remuneration of creative work.
- Regulation of major platforms for limiting their economic domination (DMA) and empowerment of platforms to fight the online spread of hate speech, illegal content and products (DSA) and terrorist content online.
- Significant stage for strengthening the level of protection, coordination and training in the area of cybersecurity and 5G and the creation of a European Cybersecurity Competence Centre (ECCC).
- The first stones were laid for furthering a single market for data.
- Launch of a strategy for making the EU a pioneer in the area of artificial intelligence.
- Regarding high-performance computing, creation of a European HPC Joint Undertaking bringing together Member States and private partnerships, enabling the pooling of European resources and financing of R&I in this area.
- Definition of objectives for the years ahead in the Digital Compass and Digital Decade Policy programme 2030 on infrastructure, digital skills, the digitalization of businesses and online public services.
- Adoption of the EU Electronic Communications Code to boost connectivity and the deployment of very high capacity networks, including fixed, mobile and wireless networks for all citizens and all EU businesses.
- Extension of the EU Roaming Regulation until 2032.
- Facilitation, within criminal cases, of court orders regarding electronic evidence for service providers in other Member States.
- Adaptation of the regulations on audiovisual media services to take account of the new realities of the digital market such as video-sharing platforms.
- Adoption of pioneering regulations on cryptocurrencies and digital assets in order to ensure the traceability of transactions, combat money laundering and protect consumers.
Construction of a Health Europe
- Adoption of the health package, strengthening the capabilities of the European health agencies (EMA and ECDC) by coordinating strategies for preparing for and responding to serious future cross-border threats to health.
- Europe has become the continent producing the most mRNA messenger vaccines in the world. It has contributed to international solidarity against the pandemic, delivering nearly 530 million doses of the COVID-19 vaccine to 146 countries.
- Creation of a new European Health Emergency Preparedness and Response Authority (HERA).
Defending intellectual property
- Extension of the protection of handicrafts and industrial goods at European level with the creation of European geographical indications for non-agricultural products (adoption underway).
- Entry into force on 1 June 2023 of the European patent with unitary effect and launch of the Unified Patent Court (UPC): innovative European stakeholders now have greater protection at a lower cost via a single document, but also greater legal security and efficiency with the appointment of a judge who is competent at European Union level. The UPC’s Court of First Instance is headquartered in Paris.
An ambitious space policy
“Sovereignty is industrial and monetary economic power. Making the heart of Europe an economic and industrial power, […] also means having an ambitious space policy and consolidating a competitive European industry on a global scale.
- Defence of independent access to space for Europe, with a €15 billion budget and a “European preference” for launchers.
- The European Union will develop a constellation of independent connectivity for global internet coverage and secure communications.
- Development of the flagship Galileo European Union programme for geolocalization (currently over 4 billion compatible devices worldwide) and Copernicus for Earth observation.
- Launch of an EU space strategy for security and defence for the preservation of European strategic independence in space.
- Preparation of a European space law to increase the competitiveness of the European space industry and better govern space traffic.
Fairer international taxation
“And we cannot accept to have European actors who must pay tax, while their international counterparts do not, and digital actors who pay no tax competing with traditional economy actors who do pay tax.”
- International tax agreement at the OECD comprising 136 countries, transcribed at European level for fair taxation of multinational enterprises, with a minimum rate of 15%.
Sustainable and fair trade
“We need to have transparent negotiations and we need the trade agreements to be implemented. We need social and environmental stringency in our trade debates. And we need reciprocity.”
- Implementation of new trade rules, with more transparency in negotiations, a European Chief Trade Enforcement Officer, responsible for monitoring compliance with agreements.
- Adoption of new trade defence tools to better defend our interests: screening of foreign investment in strategic sectors, regulation on mutual access to public contracts, instrument against foreign subsidies which cause imbalances, combating unfair, illegal and coercive trade measures.
- The Commission’s commitment to make compliance with the Paris Agreement a binding component of future trade agreements.
- Adoption of a European instrument to combat deforestation at global level.
- Strengthening environmental and social requirements in trade agreements.