German industry association pushes for Europe to diversify away from China
German companies call for stronger action to address what they describe as unfair competition from Chinese rivals.
Berlin: The German industry association BDI has urged Europe to prioritize diversification of supply chains and forge new partnerships with non-Chinese nations, addressing systemic competition risks. The BDI, representing major German manufacturers, recommended bolstering de-risking efforts across the EU, though it refrained from proposing specific policies.
BDI CEO Tanja Goenner stressed the need for swift action by the EU against unfair Chinese competition, suggesting anti-dumping and anti-subsidy tools, while emphasizing the importance of calibrated trade defense measures. Goenner also called for the EU to deepen relationships with alternative regions based on economic and security considerations, advocating for a more assertive stance towards the US if its protectionist policies hinder European competitiveness, all without eroding the long-term strategic bond with the US.
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