An export support instrument is needed for Finland in the EU

Finland Faces Competitive Advantage in EU Shift Towards Subsidies: The Need for Industrial Policy Alternatives

Finland has always supported open competition in the EU internal market, but recent changes have seen a shift towards state subsidies and joint responsibility funds under the guise of crises. This presents a challenge for Finland to respond to and protect its national interest.

The current discussion in Parliament over the government’s EU influence program reveals a longing for the return to the past, which may not serve Finland’s interests well. The unequal distribution of state aid among EU countries, with Germany and France taking the lion’s share, puts Finland at a competitive disadvantage. It is clear that staying passive will not improve Finland’s competitive situation.

The Central Confederation of Business (EK) has called for a reflection of the changed situation in Finland’s EU guidelines. Business and academia representatives are urging Finland to present its own industrial policy alternatives to protect its interests and enhance its competitive position. The Ministry of Transport and Communications and the Ministry of Foreign Affairs have proposed an export support instrument to the EU, which could benefit Finnish companies and strengthen Europe’s global position.

Finland must make bold moves and present its own industrial policy alternatives to protect its interests and enhance its competitive position in Europe. Staying passive will not improve Finland’s situation in the face of changing dynamics in the EU and global markets. The EU and European Investment Bank are urged to create an export support instrument that guarantees competitive financing for critical technologies acquired from the EU. This would benefit small member states like Finland and ensure public funds are used neutrally and competitively.

Leave a Reply

Three CSI students’ mental health business in the running to win $40k prize Previous post A Revolutionary Business Idea: Improving Access to EMDR Certification in Southern Idaho through Rewired360
March 25, 2024 – Oklahoma Sooners to face off against Indiana Hoosiers Next post Miraculous Comeback: Oklahoma’s Fourth-Quarter Surge Leads Indiana in NBA Game