Competitiveness Council discussed the EU’s strategy on sustainable growth

EU2019FI 26.9.2019 16.00
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Photo: Joona Suni, Permanent representation of Finland to the EU

The Competitiveness Council met in Brussels on 26 and 27 September 2019. On both days, ministers exchanged views on the future long-term strategy on sustainable growth, which is one of the most important competitiveness and growth themes during Finland’s Presidency.

The meeting of ministers responsible for industry and the internal market on Thursday 26 September was chaired by Minister of Employment Timo Harakka and the meeting of research ministers on Friday 27 September was chaired by Minister of Economic Affairs Katri Kulmuni.

The aim of a long-term strategy on sustainable growth is to improve the EU’s productivity and competitiveness on the global markets while ensuring that economic growth is both environmentally and socially sustainable. Key policy areas in the strategy are modern industrial policy, single market, trade policy, research and innovation, digital economy, skills and the transition to a climate neutral economy.

Competitiveness ministers discussed the elements of sustainable growth the first time during Finland’s Presidency in their informal meeting in Helsinki in early July. Based on these discussions, Finland has prepared a presidency report, which was now debated in the Competitiveness Council. The report supports the objectives of growth, competitiveness and jobs detailed in the new Strategic Agenda for the EU for 2019–2024, adopted by the European Council in June.

Today we have taken a step closer to finalizing our long-term strategy for a Union that is more competitive, more sustainable and more inclusive. We are fully aware of the challenges lying ahead of us, but we remain fully confident that we will be able to meet the exceptions of the European citizens for a more just and sustainable growth.
Mr. Timo Harakka, Finnish Minister of Employment

An enhanced uptake of innovative solutions offered by our researchers, together with well-functioning synergies between Horizon Europe and other EU programmes, are crucial elements for a competitive and sustainable EU economy. We all agreed on the need to work towards this goal.
Ms. Katri Kulmuni, Finnish Minister of Economic Affairs.

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Katri Kulmuni Timo Harakka
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