Europe needs to overcome, in the view of Chancellor Angela Merkel in a show of strength, even against China and the United States in new technology like Artificial intelligence to enforce. “I’m still not sure enough of whether we have the conditions, around the world really play,” said Merkel on Sunday evening at the opening of the Hannover fair.
The developments were very fast, Europe would be able to keep up only with a resolute action and cooperation. It called for a whole bundle of measures for the European industry to technologically keep up. To do this, you counted the Reform of the EU state aid and competition law and a new industrial policy. Merkel announced at the Start of the industrial fair is also a closer cooperation with the partner country, Sweden, in the fields of Artificial intelligence (AI) and battery technology.
EU to change the law of competition
The Chancellor resisted at the same time, “suspicions” of the economy, to far-reaching interventions by the policy companies. “It is right that the state should never think that he would be the better entrepreneur,” she said. The economy to the government, “that we are now completely out of the role”. The Minister of economic Affairs, Peter Altmaier, initiated debate on a new industrial policy was due to the changed conditions in the world, however, correctly and would have to be in the EU.
Because the EU had to act in a “visibly modified the global environment”, in which some countries wanted to give their own companies the benefits or this very heavily subsidised. The EU must insist, therefore, on a certain degree of market opening and equal treatment, said she to the debate with the United States and China. The EU state aid rules would be internationally ridiculed. The competition-based law is based on outdated definitions of the relevant market.
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in order to complete in Addition, the EU must rapidly trade agreement with the United States. You hope for a speedy negotiation of the EU’s mandate for new trade talks with the United States. “We want to lower customs duties, we want a good agreement.” Background the threat of US punitive duties on European car imports, which would mainly affect German manufacturers. In the case of the current negotiations on tariff reductions, the Consideration of these would be less likely. The EU Commission is responsible for the trade talks, needs but a mandate from the member States. Especially France blocked this, according to EU diplomats.
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The partner country, Sweden, is represented in Hannover by 160 exhibitors. In order for the Scandinavians in the Ranking lie in fourth place ahead of the USA. Most of the exhibitors come from China, followed by Italy and Turkey. A total of around 6500 companies are represented at the Hanover trade fair, of which around 60 per cent from abroad. Among the main topics of the Artificial intelligence, the networking of production and the new mobile radio standard 5G. The organizers expect to Friday, with more than 220,000 visitors. (Reuters)
