Mobile UPI  |   About UPI  |   UPI en Español  |   UPI Arabic  |   UPIU  |   My Account
Search:
Go

EU moves to shore up industry base

|
|
 
  
Published: Oct. 5, 2005 at 10:04 AM
Advertisement

BRUSSELS, Oct. 5 (UPI) -- The EU Wednesday launched a new pro-market strategy designed to boost its

industry's competitiveness in relation to low-cost producers in emerging economies.

"There is no way back to the old days of protectionism and subsidies," said Industry Commissioner Gunther Verheugen. "Politicians don't create jobs. But we can create the right framework for industry to thrive."

In an attempt to nourish a more favorable business environment for European

manufacturers, the commission has set out to increase market access for EU products and introduce new measures to clamp down on east Asian counterfeiting and piracy.

The commission blueprint also strives to enhance competitiveness in

high-tech/skills sectors such as the pharmaceutical, biotech, chemical,

fashion and design industries.

The proposal comes the day after French President Jacques Chirac lashed out

at Brussels' industry policy. Speaking against the backdrop of nationwide

strikes, the septuagenarian leader ticked off the commission for refusing to

act while 1200 French workers face job losses after massive cutbacks

were announced by computer giant Hewlett Packard.

© 2005 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.

Order reprints
  
Join the conversation
Most Popular Collections
The 84th Academy Awards winners The breakout star of the Oscars The Daytona 500
Radiohead performs in Miami Ice and Snow Festival in China 2012 Governors Dinner
Additional Security Industry Stories
1 of 29
Members of the Army's Old Guard place flags at Arlington National Ceremtery
View Caption
U.S. flags are seen in the rucksack of a soldier with the Army's 3d U.S. Infantry Regiment, The Old Guard, as he places flags at gravesites in Arlington National Cemetery as part of the Flags-In Memorial Day ceremony on May 24, 2012 in Arlington, Virginia. American flags were placed at each of the more than 220,000 grave markers in honor of those who served and Memorial Day. UPI/Kevin Dietshc
fark
Woman reunited with bike she lost 41 years ago
White people from Portland prefer Tumblr, white people from Tulsa prefer Pinterest. Everyone else,...
Teen secretly lived in AOL's HQ for 2 months, eating free food, using gym & showers, sleeping in...
Photoshop this new arrival from Alaska
The official list of words that get the attention of Homeland Security when you chat with your BFF...
San Diego Fark Party, THIS SATURDAY May 26th 6:00pm at Pizza Port Solana Beach