Carmichael, Helen; Robinson, Simon
July 2006
ICIS Chemical Business;7/24/2006, Vol. 1 Issue 29, p11
Trade Publication
This article explains that the European Union (EU) Competitiveness Council meeting in Finland on 9 July opened with participants watching the World Cup final taking place in the Olympic stadium in Berlin, Germany. But Europe is not competing on a level playing field when it comes to innovation. Innovation will be a core issue for Finland during its EU presidency in the second half of this year. The 2002 Barcelona agreement set targets to boost EU research investment from 1.9% of GDP to 3% by 2010. A decisive year, as by then China is forecast to overtake the EU in R&D investment relative to GDP. Even now, the EU invests around a third less in R&D than the U.S.


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