Summary
A resolution to strengthen Europe's leadership in the rail supply sector by addressing global competition, fostering innovation, and supporting SMEs. 10 09.06.2016
Other
trade
economy
industry
transport
environment
social policy
business and competition
Key points
- The rail supply industry is a key driver for European jobs, innovation, and achieving climate targets.
- European companies face unfair competition from third countries, such as China, which often provide heavy state support to their industries.
- Market fragmentation within the EU makes it difficult and expensive for smaller companies to operate across borders.
- Innovation efforts should focus on digitalization, such as automation and cybersecurity, and increasing energy efficiency.
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