Japan Envoy Voices Concern over EU Industrial Bill
Brussels, Sept. 17 (Jiji Press)--The European Union should not disadvantage its trusted partners outside the region through its proposed Industrial Accelerator Act, Japanese Ambassador to the EU Kazutoshi Aikawa has said. In his contribution to the British daily Financial Times, made public Wednesday, Aikawa questioned whether the act, which would require the use of EU-made parts for public ...
The European Union's proposed Industrial Accelerator Act has raised concerns among Japanese officials. Ambassador Kazutoshi Aikawa of Japan to the EU expressed his worries in a recent article published in the Financial Times. Aikawa questioned whether the act, which mandates the use of EU-made parts for public aid on electric vehicles, complies with World Trade Organization rules.
He emphasized that automobile production involves a network of suppliers across borders, and various stages of the process, such as research, development, parts procurement, and assembly, may take place in different countries.
Aikawa argued that the proposed act could inadvertently impact European companies if EU-made components are shipped outside the region and subsequently returned as finished products but fail to meet EU product standards. He cited Japan's investment in France's rare earth refining project as an example of resilient supply chains, combining European industrial capacity with trusted international investment, technology, and long-term commitments.
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