The need to strengthen export-oriented industrial production and productive investment as a priority for the stable and sustainable recovery of the Greek economy, is pointed out by SEV Hellenic Federation of Enterprises, Greek Production – Industry Council for Development and Regional Associations Industries: SVAP Association of Industries of Attica – Piraeus, SBDKE Southeastern Association of Industries of Thessaly and Central Greece, SBSE Association of Enterprises and Industries of the Peloponnese Western Greece and SBSE Industries of Central Greece. Industry, and in particular manufacturing, is at the heart of every modern economy and plays a key role in growth, employment and social cohesion.

In recent years, and in particular after the global crisis in 2008, Europe and the US have been implementing industry-building policies, recognizing its contribution to the competitiveness of their economies. Recently, the European Union has adopted a European Industrial Strategy with the aim of increasing the contribution of manufacturing to 20% of European GDP by 2020. In Greece, the chronic absence of a policy to strengthen the production base and the unfavorable business environment has contributed to the weakening of industry and manufacturing (below 9% of GDP in Greece, compared with about 15% in the EU) and the creation of a long- balance. The definitive and sustainable exit of the country from the crisis requires a new production and development model based on the strengthening of domestic production and in particular the production of internationally traded goods.

A medium-term industrial development plan is a necessary start to overcome long-term delays and progressive convergence towards the European average. An immediate priority is to commit to a national target of increasing manufacturing participation to 12% of GDP by 2020 (from today’s 8.6%) to 15% in the medium term. The adoption of a national target for processing must be done with a broad consensus within the framework of a long-term strategy with appropriate national and regional policies, with complementary actions specifying, quantifying and supporting the convergence with the European average, but mainly with continuity and consistency regardless of electoral cycles and political changes. The strategy for the development of the industry and the relative quantitative target should also be key building blocks of the Growth Strategy currently under discussion.

Read more about the Hellenic Federation of Enterprises – SEV.