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German Industrial Strategy: exporting industry to Germany

The Federal Ministry for Economic Affairs and Energy (BMWi) has published a document entitled “National Industrial Strategy 2030 – Strategic Guidelines for a German and European Industrial Policy”, which contains the draft of a national and European industrial strategy and explains in more detail domestic and global key industrial sectors.

Objective:

The superior objective of this strategy is to work with economic stakeholders to help securing and regaining economic and technological excellence, competitiveness and industrial leadership at national, European and global levels in all relevant areas. This is the prerequisite for the economic performance of Germany collectively and thus its jobs and the prosperity of its citizens can be secured and expanded in the long term.

Central goals:

  • Gradual expansion of industry’s share in gross value added from 23% to 25% in Germany and 20% in the European Union by 2030
  • This goal should be achieved market economical, private economical, self-responsible and if possible, without state action. In exceptional cases, action by the state may be justified or even necessary if serious disadvantages for one’s national economy and welfare can be avoided.
  • There should be achieve a contributing to the emergence of a Global Social Market Economy that can lead to more market and prosperity for all in the long term.

 

Central fields of action:

A central field of action of the “National Industrial Strategy 2030” is the strengthening of key technologies, such as digitization, artificial intelligence and battery cell production. Only those who have the new technologies and control them, can compete their position with the competition on the global markets permanently.

Other fields of action:

  • Strengthening the industrial middle class
  • The mobilization of more venture capital for hazardous investments
  • Advocacy for open markets, strengthening of multilateralism (including modernization of the WTO) and for internationally comparable general conditions (“level playing field”)
  • The promotion and preservation of technological sovereignty
  • Improving the basic conditions (e.g. energy prices, taxes and social contributions)
  • The review of state aid and competition law

Key industrial areas where Germany is leading till today and still leading:

  • Steel, copper and aluminum industries
  • Chemical industry
  • Mechanical and plant engineering
  • Automotive industry
  • Optical industry
  • Medical device industry
  • GreenTech sector
  • Defence industry
  • Aerospace industry
  • Additive manufacturing (3D printing)

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