Protecting Finland’s National Interest in the EU: Why Finnish Companies Need More Support for Competitive Technologies

By Eleanor Harrison Mar26,2024
An export support instrument is needed for Finland in the EU

Finland has always been a staunch supporter of open competition in the EU internal market. However, recent changes have seen a shift towards state subsidies and joint responsibility funds under the guise of crises. This presents a challenge for Finland to respond to and protect its national interest.

The current discussion in Parliament over the government’s EU influence program reveals a longing for the return to the past, which may not serve Finland’s interests well. The unequal distribution of state aid among EU countries, with Germany and France taking the lion’s share, puts Finland at a competitive disadvantage. It is clear that staying passive will not improve Finland’s competitive situation.

Finland must make bold moves and present its own industrial policy alternatives to protect its interests and enhance its competitive position in Europe. The Central Confederation of Business (EK) has called for a reflection of the changed situation in Finland’s EU guidelines. Business and academia representatives are urging Finland to present its own industrial policy alternatives to protect its interests and enhance its competitive position.

The Ministry of Transport and Communications and the Ministry of Foreign Affairs have proposed an export support instrument to the EU, which could benefit Finnish companies and strengthen Europe’s global position. The EU and the European Investment Bank are urged to create an export support instrument that guarantees competitive financing for critical technologies acquired from the EU. This would benefit small member states like Finland and ensure public funds are used neutrally and competitively.

Finland’s expertise in data processing and transfer could benefit greatly from EU-level support for future technologies. It is crucial that Finland takes action now to protect its interests in Europe and remain competitive globally.

By Eleanor Harrison

As a content writer at newseasoning.com, I infuse flavor into words, crafting compelling stories that captivate and inform our audience. With a keen eye for detail and a passion for creativity, I strive to create content that not only engages but also inspires. Whether I'm concocting a savory blog post or whipping up a spicy product description, I pour my heart and soul into every piece I write. Join me on this flavorful journey as we explore the tantalizing world of content creation together.

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