A Year After Signing the Bilateral Action Plan, Italy and Germany Strengthen Their Commitment to Boosting EU Competitiveness
Rome, November 25, 2024 – A year after signing the Bilateral Action Plan, Italy and Germany reaffirmed their commitment to working together to enhance the competitiveness of the European Union.
The action plan, signed on November 25, 2023, by Italian Prime Minister Giorgia Meloni and German Chancellor Olaf Scholz, outlines a series of joint initiatives aimed at strengthening economic cooperation between the two countries and promoting innovation, sustainability, and digitalization.
During a meeting in Rome today, Prime Minister Meloni and Chancellor Scholz discussed the progress made under the plan and agreed to further intensify their collaboration in key areas.
Strengthening Economic Cooperation
The two leaders agreed to enhance economic cooperation through joint investments in strategic sectors, such as energy, infrastructure, and digitalization. They also discussed ways to improve the business environment and reduce administrative burdens for companies operating in both countries.
Promoting Innovation and Sustainability
Italy and Germany recognized the importance of innovation and sustainability as drivers of competitiveness. They agreed to collaborate on research and development projects, particularly in the fields of clean energy, artificial intelligence, and biotechnology.
The two countries also pledged to support the transition to a greener economy by promoting energy efficiency, renewable energy sources, and circular economy practices.
Enhancing Digitalization
Italy and Germany emphasized the need to accelerate digitalization to boost competitiveness and create new opportunities for businesses and citizens. They agreed to work together to develop common digital standards, improve broadband connectivity, and promote the adoption of digital technologies.
Next Steps
Prime Minister Meloni and Chancellor Scholz agreed to continue their close cooperation under the Bilateral Action Plan. They established a joint working group to monitor progress and identify new areas for collaboration.
The next meeting of the working group is scheduled to take place in Berlin in the first quarter of 2025.
Conclusion
The reinforcement of the commitment between Italy and Germany under the Bilateral Action Plan sends a strong signal of their determination to work together to strengthen the competitiveness of the European Union. By pooling their resources and expertise, the two countries aim to create a more prosperous and innovative future for the benefit of their citizens and the entire EU.
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