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What Is in the EU's Draft 'Made in Europe' Law?
The European Commission plans to require production in Europe for public funding in select sectors to counter unfair competition, focusing on the auto industry and green technologies.
- Next week the European Commission will propose rules requiring companies in strategic sectors to produce in Europe to access public money, with the final package announced on February 25 focusing on the auto industry and green-transition products.
- EU leaders say unfair foreign competition prompted the push, with France supporting strict 'Made in Europe' origin tests, while Germany and critics prefer a looser 'Made with Europe' approach.
- The office of EU industry chief Stephane Sejourne said the measure will be targeted in three ways and a draft says products from countries with similar rules would be treated like those made in Europe.
- Some EU countries oppose the plans, while Britain and Turkey have privately warned Brussels, and Honda noted `Many critical inputs cannot be competitively produced at scale in Europe`.
- The EU executive says it has balanced openness with protection, and Lars Klingbeil, German Finance Minister, said Monday `We are in favour of open markets` but warned `if China changes the rules of the game, then Europe must defend itself`.
49 Articles
49 Articles
Inside the EU's draft 'Made in Europe' law: Key points explained
The European Commission will propose a new law that requires a certain percentage of products supported by public money to be “made in Europe. ” This initiative aims to help European industries compete against manufacturers from countries like China, which have fewer regulations and lower energy costs. By prioritizing locally produced goods in public contracts, […] The post Inside the EU’s draft ‘Made in Europe’ law: Key points explained appeare…
Everyone in Europe agrees that the EU needs to save its industry, but the bloc is divided on how far the "Buy European" approach should go to achieve that goal. The European Commission, the EU's executive arm, will next week propose new rules that are expected to include a requirement to...
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