A New European Competitiveness Deal is the first step for EU Biotech Act

Budapest Declaration: Advancing Biotechnology for Europe’s Future

The Budapest Declaration underscores the critical role of biotechnology in enhancing the European Union’s competitiveness, driving economic prosperity, achieving climate neutrality, and ensuring sovereignty. Key highlights include:

• Strategic Importance of Biotechnology: Reaffirms biotech as a cornerstone of the EU’s efforts to become the world’s first climate-neutral continent.
• Economic Prosperity & Climate Goals: Emphasizes biotechnology’s role in strengthening the EU’s economy while advancing sustainability.
• New European Competitiveness Deal: Advocates for a comprehensive deal to position Europe as a global leader in biotech innovation.
• EuropaBio’s Commitment: Pledges engagement with policymakers to foster supportive regulations and drive biotech growth.
• EU Biotech Act: Identified as a crucial first step toward unlocking the full potential of biotechnology in Europe.

The declaration calls for a renewed focus on biotechnology to secure Europe’s leadership in innovation and sustainability.

Region: EU Harmonized (27 Markets)

Source: https://www.europabio.org/wp-content/uploads/2024/11/EuropaBio-Press-Release-A-New-European-Competitiveness-Deal-is-the-first-step-for-EU-Biotech-Act.pdf