EU Launches Industrial Accelerator Act to Double Manufacturing Share by 2035
Teona Gherasim
“Buy European”, “Made in Europe”: The European Commission has presented the Industrial Accelerator Act (IAA), a legislative proposal to strengthen the European industrial base. The law is intended to promote manufacturing, support business growth, and create jobs. The goal is to increase the share of manufacturing in EU GDP from the current 14.3 percent to 20 percent by 2035. The proposal follows the recommendations of the Draghi Report on EU competitiveness and the Commission’s policy
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