Finland’s interests in the European Union are not being pushed into a corner by complaining, but by boldly opening up to the future of Europe. The country has always supported open competition in the EU internal market, but recent events have shown a change in this attitude. The EU is freeing up state subsidies and creating shared responsibility funds under the guise of successive crises, leading to a publicly funded “industrial policy” for years to come.

Finland must meet this challenge because it risks losing competitive advantages in key industries. The Central Business Confederation (EC) called for a review of Finland’s EU guidelines in light of the changed situation. Germany and France dominate EU state aid, with Germany allocating significant funds to boost its industry compared to Finland’s smaller investments.

To address this competitive situation, Finland is exploring its industrial policy alternatives, including a high-tech export support instrument proposed by the Ministry of Transport and Communications and the Ministry of Foreign Affairs. This instrument aims to benefit Finnish companies and strengthen Europe’s global position against competitors such as China.

The focus is on protecting critical technologies and ensuring competitive financing conditions for technologies acquired by the EU. Finland’s expertise in efficient data processing and data transmission could benefit from EU-level support for future technologies. It is essential for Finland to take bold steps towards securing its competitive advantage in the ever-evolving global market.

In conclusion, Finland must not shy away from taking bold steps towards securing its interests in the European Union. By opening up to new opportunities and exploring alternative industrial policies, Finland can maintain its competitive edge in key industries while also contributing to Europe’s global position against competitors like China.

By Samantha Johnson

As a dedicated content writer at newspuk.com, I immerse myself in the art of storytelling through words. With a keen eye for detail and a passion for crafting engaging narratives, I strive to captivate our audience with each piece I create. Whether I'm covering breaking news, delving into feature articles, or exploring thought-provoking editorials, my goal remains constant: to inform, entertain, and inspire through the power of writing. Join me on this journalistic journey as we navigate through the ever-evolving media landscape together.

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