Enterprise and industry policy aim to ensure all businesses compete and trade on fair and equal terms, that Europe is an attractive place to invest and work, and that growth is in knowledge-based and innovative industries. This requires a sound industrial fabric across the EU, so that – without being interventionist – the policy takes specific needs and characteristics of individual sectors, such as the food, fashion and design, and IT industries, into account, makes sure that strategically important industries, such as aerospace, defense, mechanical engineering, chemicals, the life sciences and biotechnology, can flourish, and promotes innovation, entrepreneurship and healthy SMEs, since small businesses are the backbone of EU enterprise.
Remaining internationally competitive
Creating conditions that enable EU businesses to compete on equal terms with the rest of the world includes protecting their intellectual and industrial property against counterfeiting and piracy. It means keeping costly red tape to the minimum compatible…