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When:
30/07/2012 at 12:30
Where:
Brussels, Belgium
Topic:
Business
Organiser:
European Commission
The news:
On 30 July, the European Commission will publish adedicated industrial policy initiativeto boost the European security industry, which is one of the sectors with the highest potential for growth and employment in the EU.
The main priority will be to overcome the fragmentation of the EU security markets and to create a true Single Market for security technologies.
The background:
Over the last ten years the global security market has grown nearly tenfold from some €10 billion to some €100 billion in 2011 with an annual turnover in the EU of around €30 billion. The security sector can broadly be subdivided into the following areas: aviation security, maritime security, border security, critical infrastructure protection, counter-terror intelligence (including cyber security and communication), physical security protection; and protective clothing.
However, as recent market evolutions indicate, the global market shares of European companies could drop significantly over the next years if no action is launched to enhance their competitiveness.
In response to this significant potential for market growth, the Commission made the security industry one of the essential parts of the EU 2020 flagship initiative "An Integrated Industrial Policy for the Globalisation Era Putting Competitiveness and Sustainability at Centre Stage", which announced the launch of a dedicated initiative on a Security Industry Policy.
The event:
12.30 Antonio Tajani, the Vice-President of the European Commission for Enterprise and Industry, will announce on 30 July the adoption by the Commission of a dedicated industrial policy initiative for the security industry (Berlaymont press room in Brussels). A press release and the industrial policy initiative will be available on the day.
