09.09.2024
The highly anticipated Draghi Report on the “Future of European Competitiveness” has been published, providing a comprehensive analysis of the structural challenges and opportunities facing the European economy.
The report highlights the urgent need to boost productivity, improve regulatory frameworks, and foster innovation to meet Europe’s political and economic goals. It underscores the critical role that transport, and logistics play in ensuring the EU’s economic connectivity and competitiveness. A well-functioning transport network is essential for the movement of goods, services, and resources, which drive economic growth, job creation, and social cohesion.
One of the key findings of the report is the urgent need for a regulatory reset to enhance the EU’s competitiveness. It emphasizes that Europe’s regulatory environment is overly complex and fragmented, often leading to inefficiencies that hinder growth. The report advocates for reducing unnecessary regulatory burdens, particularly those that impede cross-border transport and logistics operations.
The proposal to stress-test regulations for their economic and practical implications, along with efforts to quantify the cost of new legislation, is a major focus of the report. A streamlined and harmonised regulatory framework is considered crucial for the success of the Single Market, and the report urges the EU to adopt these recommendations in its future policies.
Source: The European Commission