The next Industry Council of the European Union will take place in Luxembourg on 7 April 1995. The Council is expected to adopt conclusions on the following subjects: - Industrial cooperation with the countries of Central and Eastern Europe (PECO); - Industrial competitiveness; - High-technology industries. In the field of industrial cooperation, the Commission presented, on 16 March 1995, a communication to the Council and the Parliament entitled "Industrial cooperation with PECO countries". The communication highlights the following priorities: - Favourable investment conditions; - Reinforcement of scientific and technical cooperation; - Development of round tables between EU and PECO industrialists. The Commission's initiatives in this area will focus on management, privatization, cooperation, and improved application of financial mechanisms in support of industrial cooperation. On the issue of European industrial competitiveness, the Council will discuss the recent Commission documents presented to the Council in this area. The Commission has identified four objectives in relation to European industrial competitiveness. These are: - The development of the single market; - Increased consideration of industry requirements in the formation of research policies; - The establishment of the information society; - The promotion of industrial cooperation. On the subject of high-technology industries, the Council will debate the new technological industries. Some of the key discussion points are: - The importance of risk capital for financing enterprises in the high-technology sector; - The regulatory framework; - The connection between pre-competitive research and the industries producing high-tech goods, as well as the implications for Community research programmes. The Council will also consider the operational structure of the recently announced Task Forces. Following the presentation to the Research Council on 10 March 1995, Mr. Martin Bangemann, Commissioner responsible for industrial affairs, information technologies and telecommunications, and Mrs. Edith Cresson, Commissioner responsible for science, research and development, and education and training, announced the establishment of five Task Forces for industrial common projects to reinforce European competitiveness. Five priority Task Forces will coordinate the relevant activities of the services of DG XII and DG XIII. A Task Force will focus on each of the following themes: - Car of the future; - High-speed train; - Next generation aircraft; - Vaccines for viral illnesses; - Educational software and multimedia. The Task Forces will define priority research areas, ensure proper coordination of measures under the Fourth Framework Programme and of other Community policies, and examine the availability of risk-capital options as well as the legal framework to assist cooperation between businesses.