Bold Moves Needed for Finland to Thrive in Changing European Landscape

An export support instrument is needed for Finland in the EU

Timo Harakka, a prominent figure in Finland’s political scene, has emphasized the need for bold moves to secure Finland’s future in Europe. Recent changes in EU policy have seen a shift towards state subsidies and joint responsibility funds under the guise of crises, posing a challenge for Finland to respond and protect its national interest.

The current debate in Parliament over the government’s EU influence program highlights a longing for the past, which may not serve Finland’s interests well. The uneven distribution of state aid among EU countries, with Germany and France taking the lion’s share, puts Finland at a competitive disadvantage. Staying passive will not improve Finland’s competitive situation.

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.

To create an export support instrument that guarantees competitive financing for critical technologies acquired from the EU would greatly benefit small member states like Finland. This would ensure public funds are used neutrally and competitively. Moreover, Finland’s expertise in data processing and transfer could benefit greatly from EU-level support for future technologies.

Overall, it is clear that staying passive will not improve Finland’s situation in the face of changing dynamics in the EU and global markets. To protect its interests and enhance its competitive position in Europe, Finland must make bold moves and present its own industrial policy alternatives

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