Brussels will demand diversification from companies to protect themselves from China
The European Commission will present a series of measures in December to force companies to reduce their dependencies in the supply chain.
The European Commission is launching an initiative called Diversify EU to encourage companies to diversify their supply chains and reduce their dependence on certain countries, particularly China. The move aims to mitigate the risks of frequent geopolitical conflicts and ensure that companies have robust and flexible value chains.
The Commission will require companies in critical sectors to have at least two suppliers, among other measures. The initiative is expected to be presented in early December, along with measures to provide solidarity and support to companies and member states affected by unfair trade practices or excessive dependence on certain countries.
The EU has also reached an agreement with China to limit imports of hybrid cars to 350,000 units per year.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
