The European Commission has released the latest industrial strategy, which will help it reduce its dependence on third countries, especially China.
The coronavirus pandemic shows the EU’s strategic dependence on technology and industry, so the Commission conducted a detailed preliminary analysis of 5,200 products imported into the EU.
Analysis shows that 137 of the 5,200 EU products are highly dependent on them, accounting for 6% of EU imports. These are sensitive products, mainly used in energy-intensive industries (including raw materials) and health (the ingredients in the pharmaceutical industry) and other areas that are critical to supporting green and digital transformation. For 34 products (0.6% of EU imports), the degree of dependence may be more sensitive, because the possibility of further diversification and substitution by EU production is small.
The analysis also pointed out problems and dependencies in advanced technology areas. The committee presented the results of six in-depth studies on raw materials, batteries, active ingredients in medicines, hydrogen, semiconductors and cloud computing technologies, and the latest technologies. These studies described the strategic dependencies and their impact in more detail.
The European Commission announced that it will start the second phase of the review of potential dependencies in key areas, focusing on products, services and technologies that are critical to the dual transformation, such as renewable energy, energy storage, and network security, and developing monitoring systems in-house for the main committee Observatory technology.
Internal market commissioner Thierry Breton said the EU’s approach to certain strategic sectors (such as electronic chips mainly produced in Asia) was “too naive”.
“The real industrial revolution has just begun-if we choose the right investments in key technologies and establish conditions according to the right framework, we will be part of it. Therefore, Europe provides such conditions for innovative, clean and resilient industries. Breton said: “It provides citizens with quality jobs, enabling small and medium-sized enterprises to prosper, including during the recovery period.