Summarize this content to 2000 words in 6 paragraphs in Arabic
\n The European Commission has presented its new economic strategy for the coming years. Simplification features prominently in a package of proposals that is sorely lacking in novelty.
\n ADVERTISEMENTThe Commission’s Competitiveness Compass presented on Wednesday is designed to provide a strategy to boost an EU economy caught between a China that bases its growth on cheap labour and an American economy boosted by low-cost energy.\u201cOver the last 20 to 25 years, our business model has basically relied on cheap labour from China, presumably cheap energy from Russia and partially outsourcing security and security enforcement. This time has passed,\u201d Commission President Ursula von der Leyen said before presenting the so-called \u201ccompetitiveness compass\u201d.On top of several simplification omnibus proposals, 12 new Acts will be in the pipeline for the next few years, several strategies and plans in the fields of innovation, decarbonation, investments and economic security.Cutting red tape: Is the Commission reversing the Green Deal?The Commission’s\u00a0announcement of \u201can unprecedented simplification effort\u201d appeared designed to mollify calls from the European right and employers’ groups, and this section featured prominently in early drafts of the Compass. In the final version it appeared relegated to a secondary position after sectoral policies, perhaps reflecting vehement opposition to any mooted environmental row backs.\u00a0It remained to the fore during the press conference of von der Leyen and Commission vice-president St\u00e9phane S\u00e9journ\u00e9 presenting the Compass, however, who described the paper as \u201ca shock to the system\u201d.\u201cWe have a very clear signal from the European business sector, that there is too much complexity and the duration of permitting is too long, that the administrative procedures are too cumbersome. We have to cut red tape,\u201d von der Leyen said, adding: \u201cBy the end of the mandate we will have made proposals that could save companies over 37 billion euros per year.\u201dThe Commission plans to move quickly, as a first Simplification Omnibus proposal, due to be presented next month, will target \u201csustainable finance reporting, sustainability due diligence and taxonomy\u201d.\u00a0The strategy presented Wednesday also includes the creation of mid-caps companies, \u201cto ensure proportionate regulation adapted to companies\u2019 size\u201d, which will be \u201cbigger than SMEs but smaller than large companies.\u201d The simplification effort aims to result in 25% fewer reporting obligations for companies and 35% fewer for SMEs.The Carbon Border Adjustment Mechanism (CBAM), due to take effect from next year, is also up for simplification to the benefit of smaller companies. The CBAM applies a levy on imports of iron and steel, cement, fertilizers, aluminium, hydrogen and electricity and is intended to protect domestic producers who have to buy costly allowances for their CO2 emissions. An already scheduled review will also look at extending the levy to a wider range of goods.A revision of REACH, the EU\u2019s core chemicals regulation, will speed up the process and lead to \u201ca real easing of the burden on the ground\u201d according to the Commission, though in practice that seems to mean little more than that a long overdue date for revision will be brought forward.The level of intended deregulation remains unclear, and any proposals to water down environmental laws \u2013 on which, in many cases, the ink has not yet dried \u2013 will be subject to modification by MEPs and governments in the EU Council. The Commission states in the Compass paper that Europe will \u201cstay the course\u201d on emissions reduction towards its 2050 target of net-zero. A 2040 target is also expected from the EU executive, but the communication does not clarify when this will be tabled.\u00a0‘Joint roadmap’ for decarbonisation and competitiveness.Energy prices are at the core of industrial competitiveness, and the EU \u2013 like China, unlike the US \u2013 relies heavily on imports of oil and gas to power its industry and transport. With wind and, especially solar, already cheaper in most cases, the paper nods at a pre-announced Affordable Energy Action plan due next month, and the need to bolster Europe\u2019s electricity grids.The Clean Industrial Deal is the flagship policy agenda of Ursula von der Leyen\u2019s second Commission, as the EU Green Deal was of the first, and is also due next month in line with her promise to deliver it within 100 days. Together with the energy plan, it will constitute a \u201cjoint roadmap for decarbonisation and competitiveness”, according to the executive.ADVERTISEMENTAI factories becoming realityOn AI, the competitiveness plan builds on ideas that were already mentioned in the mission letter\u00a0of EU Technology Commissioner Henna Virkkunen in November.\u00a0It puts much store in the creation of a network of AI factories, described as “ecosystems that foster innovation, collaboration, and development” and bringing together “computer power, data, and talent”.The fact that only one in seven businesses is currently using AI\u00a0“must change”, Von der Leyen said in the press conference, adding: “We will launch a broad AI strategy to increase the industrial adoption of AI.”ADVERTISEMENTCompanies such as the French scale-up Mistral AI which created a European competitor to OpenAI\u2019s ChatGPT, warned\u00a0last year about the lack of training capacity in Europe.The Commission began planning\u00a0seven of those factories in 2024, with the aim to launch the first early this year.\u00a0Draghi warned in his report on the future of EU competitiveness last September that artificial intelligence still offers Europe an opportunity to capitalise on \u201cfuture waves of digital innovation.\u201d\u00a0\u00a0An EU Cloud and AI Development Act is foreseen for the last quarter of this year.ADVERTISEMENTA ‘Buy European’ planThe Compass also includes a \u201cBuy European\u201d programme \u201cfor strategic sectors and technologies\u201d.\u00a0Faced with protectionism on the part of its international competitors and fears of subsidised overcapacity being dumped on the European continent by countries such as China, the Commission will introduce a \u201cEuropean preference\u201d in public procurement through a review of the Public Procurement Directive.\u00a0The French have been calling for this for a long time, particularly since the introduction of US Inflation Reduction Act, which favours green enterprises located on the American soil through tax cuts.ADVERTISEMENTA savings and investment Union to unlock much-needed capitalTo stay competitive against global players like the US and China, the bloc must invest \u20ac700\u2013800 billion annually over the next decade in modernizing its economy, ensuring security, and advancing the green and digital transitions.\u00a0\u201cWe do not lack capital,\u201d von der Leyen stated on Wednesday, noting that European households save \u20ac1.4 trillion per year compared to \u20ac800 billion in the US.\u00a0\u201cWhat we lack is an efficient capital market that turns these savings into the investment and venture capital that is so much needed,\u201d the Commission president emphasized.\u00a0ADVERTISEMENTAs a result, the Commission pointed out that \u20ac300 billion of Europeans’ savings flow into markets outside the EU every year.\u00a0To address this, the Commission will introduce a European Savings and Investment Union later in 2025 to incentivize risk capital and encourage seamless capital flows across the EU. Additionally, the next long-term budget will be reoriented to prioritize competitiveness.\u00a0\u201cIf we had a deep and liquid capital market today, figures from the ECB show we would have \u20ac470 billion more in investment,\u201d von der Leyen claimed.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"
Summarize this content to 2000 words in 6 paragraphs in Arabic The European Commission has presented its new economic strategy for the coming years. Simplification features prominently in a package of proposals that is sorely lacking in novelty. ADVERTISEMENTThe Commission’s Competitiveness Compass presented on Wednesday is designed to provide a strategy to boost an EU<\/p>\n","protected":false},"author":1,"featured_media":185508,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[60],"tags":[],"class_list":{"0":"post-185507","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-politics"},"_links":{"self":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts\/185507","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/comments?post=185507"}],"version-history":[{"count":1,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts\/185507\/revisions"}],"predecessor-version":[{"id":185509,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts\/185507\/revisions\/185509"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/media\/185508"}],"wp:attachment":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/media?parent=185507"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/categories?post=185507"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/tags?post=185507"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}