Commenting further on the European Union’s Competitive Compass, the European Tyre & Rubber Manufacturers’ Association (ETRMA), calls it an “important step toward strengthening Europe’s industrial base.” However, the association believes its success will depend on clear implementation and enforcement measures, regulatory consistency, and meaningful industry engagement.
Introducing its new Competitiveness Compass, the European Commission states that “Europe has many economic strengths but must act now to regain its competitiveness and secure its prosperity.” It opines that “a resolute European response is urgently needed” to safeguard the 27-member union’s future as an “economic powerhouse” where products and investments are made. The answer, the Commission shares, is “A Competitiveness Compass of the EU.”
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