The position paper from cefic, dated February 2025, advocates for a simpler, faster, and more supportive legislative framework to restore Europe’s competitiveness. It highlights the challenges posed by complex and lengthy regulatory processes, which hinder innovation and investment in the chemical industry. Cefic calls for streamlined regulations, faster approval processes, and better alignment with global standards to enhance the industry’s global competitiveness. The paper also emphasises the need for supportive policies that foster innovation, sustainability, and economic growth, ensuring that Europe remains an attractive destination for chemical industry investments.
Key Takeaways:
- Streamlined regulations and faster approval processes are essential to boost innovation and investment.
- Better alignment with global standards is crucial for enhancing the industry’s global competitiveness.
- Supportive policies are needed to foster innovation, sustainability, and economic growth in Europe.