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EU proposes "Made in EU" rules for strategic sectors to limit China reliance
The European Commission's draft Industrial Accelerator Act sets a 70% EU content threshold for electric vehicles and restricts foreign investments over €100 million to protect strategic sectors.
- Brussels introduced the Industrial Accelerator Act on Wednesday, presenting a 'European Preference' to limit China’s access to public funding and support strategic sectors.
- Rising job losses and supply shocks prompted support for rules to protect European workers, with about 600,000 jobs at risk, as the Commission aims to boost manufacturing's share of EU GDP.
- The draft requires investments exceeding 100 million in strategic sectors to meet conditions like 70% EU-content for EV components and employment of at least 50% EU workers.
- After wrangling inside the Commission, the proposal now awaits approval by EU states and parliament, raising concerns from Britain, Japan and Turkey, and delayed by disagreements on the legal text.
- The proposal notably excludes chips, biotech, robotics, and AI from strategic sectors while Bruegel think tank recently cautioned the rules could raise costs and slow the clean-energy transition; reciprocity rules may exclude Canada without policy changes.
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45 Articles
45 Articles
After several referrals, the European Commission proposes the Industrial Accelerator Act, a strategy for the industry that sets criteria for "Made in Europe" and "low carbon emissions" for access to contracts...
·Milan, Italy
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Despite criticism from Germany in particular, the EU Commission wants to implement its "Made in Europe", but experts warn of a lot of bureaucracy and little success.
·Düsseldorf, Germany
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EU slams door on China with ‘Made in Europe’ push
EU Commissioner Stéphane Séjourné on Wednesday presented a strategy shutting Beijing out of EU public funding by introducing a European preference in strategic sectors. Countries which limit access to their own markets through local content rules would also be cut off.
·France
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Coverage Details
Total News Sources45
Leaning Left9Leaning Right6Center13Last UpdatedBias Distribution47% Center
Bias Distribution
- 47% of the sources are Center
47% Center
L 32%
C 47%
R 21%
Factuality
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