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Industry is the backbone of the European economy, accounting for 80% of Europe’s exports and private innovations, and providing high-skilled jobs for citizens. However, the recent economic crisis has led to a further decline in manufacturing to 15% of GDP.

What the European Commission is doing

The Commission is working towards an 'industrial renaissance' that requires the modernisation of Europe’s industrial base across all industrial sectors.

Therefore EU Industrial policy aims to stimulate growth by: