Press Seminar Boosting European Industry
11 November 2026
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PRESSER European Parliament
00:04 - 00:35
Speaker 1
Okay, good morning. Let's get started. Welcome to this press seminar on industrial competitiveness and particularly the Industrial Accelerator Act or the IAA, as you are going to listen a lot of times this morning. My name is Jesús Carmona. I'm the director for media of the European Parliament, and I'm glad to moderate this session in the presence of the three co-rapporteurs of the file.
00:35 - 03:08
Speaker 2
Thank you for being with us today. But before we start, some practicalities. We have interpretation into English, French and German. The seminar is webstreamed and journalists may ask questions from the room or connecting via Interactio. And also for you to know, there is a press kit prepared by our colleagues is in the entrance of this room, so more information, more background information about what we are going to discuss is ready at your disposal.
The issue that bring us together, industrial competitiveness, couldn't be any more topical. European industry is facing a series of significant challenges: high energy costs, growing competition from subsidized producers outside the European Union, and the considerable and investment require required to decarbonize production. Against this backdrop, strengthening Europe's manufacturing base has become strategic priority, not only to reinforce industrial competitiveness, but also to safeguard Europe's economic security and accelerate the green transition. To address these challenges, on 4th March the European Commissions presented the Industrial Accelerator Act. The aim is to establish a framework to support the development, competitiveness and resilience of the EU manufacturing sector while contributing to EU climate objectives, economic security and high quality jobs.
Its ambition is to raise the manufacturing's share of EU GDP from 14.3% in 2024 to 20% by 2035. Today, we will be discussing the substance of this proposal, its implications for European industry and, in particular, the negotiations ahead. Rapporteurs and political groups are currently working on compromise amendments. I heard that they are more than 5,000 amendments around. So the committee vote is scheduled to take place on the 1st of December.
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