European machine tool industry cooperation committee proposes new industrial policy

The EU economy is the world's largest machine tool production base. The European Cooperation Council for Machine Tool Industry (CECI-MO) has 15 member states, covering most of the EU machine tool manufacturers. Recently, CECIMO proposed to the European Commission a new industrial development policy for EU machine tools. The machine tool industry is a multi-disciplinary industry that provides manufacturing technology equipment and solutions for all other sectors of the industrial economy. The output value of the European machine tool industry accounts for 40% of the world's total output value and is in a leading position. CECIMO believes that the industrial competitiveness of European machine tools is based on advanced production technology, high Ru0026D (research and test) expenditures, rapid innovation cycles and a highly skilled workforce. The European machine tool industry is highly dependent on the customer investment cycle, which is also the reason why it was hit hard by the financial crisis. Uncertainty about future development may affect machine tool companies' investment in Ru0026D, and Ru0026D investment is the key for companies to beat competitors to gain market share and ensure sustainable growth. CECIMO pointed out that in the short term, for European machine tool companies, especially the small and medium-sized enterprises that account for more than 80%, the most important thing is to obtain capital and public funds to innovate. Diversified manufacturing technology investment has been extended to new areas. Such as renewable energy power generation, medical equipment manufacturing, etc. It is reported that the European innovation plan, which is currently being revised, helps to establish the right legal, financial and social environment to encourage and promote innovation. A single European patent will become a reality, thereby encouraging companies, especially SMEs, to invest in Ru0026D. Some scholars have pointed out that the lack of market supervision will distort competition and hinder innovation. Therefore, CECI-MO proposes that the greatest reward for innovation of machine tool manufacturers is fair competition in the EU internal market. Effective market surveillance is essential for enhanced cooperation among member states. Therefore, it is necessary to strengthen the supervision system and promote the health, safety and mutual harmony of various standards, which is particularly important to ensure a single and fair competition in the market environment, and at the same time can promote enterprise innovation. The system should be 'smart' and should be beneficial to SMEs. The impact assessment should consider extending the scope to regulate European manufacturers' competition in international markets. In addition, CECIMO also pointed out that fair competition on a global scale should ensure the elimination of non-tariff barriers and the establishment of international standards. Effective cooperation in EU trade and industrial policy is necessary. Internationalization of industry should not lead to the transfer of European industries and research bases out of Europe. The manufacturing base will attract product development, researchers, distributors and suppliers with a direct impact on economic growth and job creation. Manufacturing prowess is built on complex skills. The European manufacturing industry needs to make engineering research more attractive to young people and to encourage the promotion of lifelong learning programmes in business. Effective tripartite collaboration between government, academia and industry will foster a well-educated and skilled workforce. At present, CECIMO's 15 major machine tool producing countries have 1,600 companies, 80% of which are small and medium-sized enterprises. Innovation and high Ru0026D investment are the driving force behind the development of the European machine tool industry.