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Cited as one of the most open economies in the world , the European Union ( EU ) ensures an accessible market for investments and reduced tariffs .
Further , according to Cushman & Wakefield , 9.9mn square feet of industrial space has been acquired or leased in the region in 2022 . This is a 29 % increase compared to the previous year and strengthens Europe ’ s position as a manufacturing region .
WHAT IS ATTRACTING BUSINESSES TO THE EU ?
» The European Union is the topmost trading partner for 80 countries worldwide . There are some attractive policies and regulations in place to assure the safety and security of consumers .
The Green Deal Industrial Plan , for one , is creating a pathway for Europe ’ s net zero industry . As we look to achieve the new International Maritime Organisation
The European Union is the topmost trading partner for
80 countries
( IMO ) goal for the shipping industry of net-zero emissions by 2050 , this deal will play a huge role in building sustainable operations at the outset .
Similarly , the Critical Raw Materials Act will help the industry source essential material sustainably , helping the automotive sector reduce its carbon footprint significantly .
These EU initiatives are helping companies adhere to sustainable procurement , to invest in renewable energy and to implement international labour laws . This is driving a better future for all , putting us on the path to create resilient and sustainable supply chains . supplychaindigital . com 21