Major manufacturers in the European Union have called on the EU leadership to reform the system of industrial subsidies. They argue that the current model favours only certain countries and companies.
Producers demand reforms
Leading EU industrial companies are calling for a review of the current subsidy distribution system. They believe that the current approach creates unequal conditions for market participants.
The appeal was signed by the heads of a number of large European companies. They emphasise the need for greater transparency and fair distribution of state support.
Criticism of the current system
Industrialists argue that currently, subsidies are mostly received by large companies from the old EU member states. This, in their view, makes it difficult for companies from the newer members to compete.
- Subsidies are unevenly distributed across countries.
- Small and medium-sized enterprises are often left without support.
- The lack of transparent criteria leads to abuse.
Requirements of industrialists
The main demand is to introduce uniform rules for all EU countries on the provision of subsidies. Producers also ask for openness of data on the distribution of state aid.
They believe that this will avoid distortions and stimulate industrial development in less developed regions.
Context.
Discussions on reforming the EU's subsidy policy have been ongoing in recent years. Increasing competition from the US and China is forcing European producers to seek support from the authorities.
The European Commission has previously stated that it is ready to review its approach to state aid, but no specific decisions have been made yet.
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