Berlin Declaration: A New Era for EU Industrial Regulations

Industry ministers from 17 EU countries, including major players like Germany and France, have signed the Berlin Declaration. This document advocates for significant simplification of EU industrial regulations and aims to strengthen the defence industry while boosting civilian sectors. It also proposes new financial tools for securing critical raw materials.

Industry ministers representing 17 European Union countries, including influential nations such as Germany, France, Italy, Spain, and Poland, have united to endorse the Berlin Declaration. Made public on Monday, this significant document pushes for an extensive overhaul of existing EU industrial regulations.

The ministers are advocating for a strategic shift that would not only solidify the EU's defence industry base but also invigorate civilian industry sectors across the region.

The Berlin Declaration further emphasizes the development of new financial instruments to enhance the security of critical raw materials, an essential step for sustaining growth and stability in multiple industrial areas.

(With inputs from agencies.)