Securing Finland’s Future in Europe: The Need for Bold Action and Innovative Solutions

An export support instrument is needed for Finland in the EU

Finland’s future in Europe is at stake, and the country must take bold action to secure it, rather than being pushed into a corner by nagging. While Finland has traditionally supported open competition in the EU internal market, recent changes have seen a shift towards state subsidies and joint responsibility funds under the guise of crises. This presents a challenge for Finland to respond to and protect its national interest.

The current discussion in Parliament over the government’s EU influence program reveals a longing for the return to the past, which may not serve Finland’s interests well. The unequal distribution of state aid among EU countries, with Germany and France taking the lion’s share, puts Finland at a competitive disadvantage. It is clear that 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.

Finland’s expertise in data processing and transfer could greatly benefit from EU-level support for future technologies. To ensure public funds are used neutrally and competitively, the EU and the European Investment Bank are urged to create an export support instrument that guarantees competitive financing for critical technologies acquired from the EU. This would benefit small member states like Finland and ensure that they have access to funding on equal terms as larger member states.

Overall, Finland must make bold moves if it wants to protect its interests and enhance its competitive position in Europe. Staying passive will not improve its situation in the face of changing dynamics in the EU and global markets.

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