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27 Oct 2008


Innovation & Enterprise

25 October 2008: We met today in Venice to discuss the prospect for our industry and to seek shared solutions that can ensure necessary investments are made while ensuring sound competition.
Information and communication technologies (ICT) are key drivers of  economic growth. The growth potential of our industry goes far beyond its immediate borders. It boosts productivity and employment in all sectors. ICT contributes to about 40 percent of productivity growth and, in the European Union, is responsible for one quarter of economic growth.
The world is now facing an unprecedented economic and financial crisis. The ICT industry, given the right conditions, can play a major role in helping overcome this crisis.  In order to realize the full potential of our sector, the industry's ability to grow and invest must not be wasted.