The EU is joining the protectionist wave with several regulations that favor European companies over those from third countries
Geopolitical tensions are accentuating a global trend that giants such as the United States, China or India have already begun.
Brussels plans to resume the political course, after the summer break, with a powerful signal of support for the Community industry. The European Commission will present a regulation in September that prioritizes products or services made in Europe in public procurement. It will be a pioneering rule in this matter. Although in recent years there have been attempts to favor European industry in public processes (for example, in the recent Industrial Acceleration Law), this regulation deepens that trend.
The European Union is thus joining, without ambiguity, a race that is accelerating in almost the entire world in the wake of geopolitical tensions: the protectionist use of public procurement to boost local manufacturing and protect domestic companies against those from third countries.
Translated by urgent.news. Machine-written — may contain errors; check the original before relying on it.
