Biotech Industry State of the Union Evaluation

Written by EuropaBio on 12 September 2017 in Press Release
Press Release

EU should put innovation friendly policies back at the heart of their agenda, to benefit from the biotech potential to boost jobs and growth.

11 September 2017, Brussels: In advance of President Juncker's State of the Union Speech due this week, EuropaBio issued its evaluation of the EU's progress on creating an innovation friendly environment, attracting investment and fostering jobs, growth and competitiveness. EuropaBio's Secretary General, John Brennan, noted "critical geopolitical issues, requiring the attention of Europe's policy makers, have understandably dominated policy discussion and actions. Yet the policy imperative of delivering economic progress is still there, and a strong EU economy is a prerequisite if we are to meet these global challenges. We therefore urge EU policymakers to put ambitious innovation policies and jobs and growth back at the heart of their agenda."

EuropaBio's evaluation is forward looking, pointing to achievable, and in many instances non-legislative, ways to reach positive results under this Commission's remaining mandate. At a minimum, these should include:

  • backing at the highest level for an update of Europe's Bioeconomy Strategy, planned for review in 2017 to create new bio-based markets and ensure cross-policy coherence;
  • a holistic and balanced approach for biotech innovation under the current incentives review, preserving or even enhancing the incentives that spurred the unique advancements in medicine that innovation in biotechnology has delivered to patients ;
  • an efficient implementation of the existing GMO authorisation system avoiding undue delays in the risk assessment and the 'comitology' process.

Other key barriers to achieving this sector's full potential are presented in the report, with clear recommendations of how to overcome them. "Bioindustries contribute so much to the EU economy, creating useful products, jobs and growth. If we could couple that with an ambitious EU policy agenda, we can contribute even more to tackling our grand societal challenges in these next two years," said Mr. Brennan.

To view the press release on our website, click here.

View our report here.

Share this page

Tags

Categories

Partner content

This content is published by the Parliament Magazine on behalf of our partners.

Related Articles

Issue 462 | 09 October 2017
16 October 2017

Cécile Kashetu Kyenge Interview, Gender Equality, Health and Safety, Future of Food, Spirit Drinks Regulation, Brexit, Energy Labelling, Plastics Strategy, 5 questions with Antanas Guoga and more...

Farmers need closer cooperation with food supply chain
10 October 2017

Agriculture is under increasing pressure both to produce more food, and preserve the environment, writes Paolo De Castro.

Food safety: EU must build on its strengths
10 October 2017

Improving food safety has been a continuous process for the EU, and it must build on its strengths in this area, says Adina Vălean.

Related Partner Content

PM+: Veterinary medicines review must put investment in innovation first
19 May 2015

Current EU veterinary medicines review lacks focus on ROI for innovative companies, argues IFAH-Europe's Rick Clayton.

New plant breeding solutions key to EU agri-food production
10 March 2016

The EU needs to support technology uptake by SMEs if it wants to remain a global leader in plant breeding and agriculture, argues Aleksandra Malyska.

EU fuelling the mass killing of elephants, warns anti-ivory trade group
18 July 2016

If Europe is serious about saving elephants, then it must end its own trade in ivory, argues Vera Weber.