European industry advocates Buy European policy
Briefly

Companies like Airbus and numerous smaller firms are pushing for prioritization of European firms in public tenders, advocating for a sovereign infrastructure fund to strengthen investment in advanced technologies. They highlight the urgency driven by security risks from external dependencies on non-European companies. This fund is seen as crucial for ensuring technological independence across digital and physical infrastructures. Additionally, they recommend a 'Buy European' policy to foster fair competition and stimulate domestic investments, aiming not to exclude global firms but to support local industry growth.
Governments should prioritize European companies in tenders to strengthen technological independence and reduce dependence on non-European firms, call for action includes forming a sovereign infrastructure fund.
Companies argue that Europe's reliance on foreign technology poses significant security and reliability risks, undermining economic growth and strategic autonomy in critical sectors such as AI and data.
To encourage investment, the letter advocates for a 'Buy European' policy in procurement, which aims to create a competitive marketplace for European suppliers without excluding non-European players.
The establishment of a sovereign infrastructure fund is deemed essential by 90+ technology companies to finance key areas like quantum technologies and advanced computing infrastructures.
Read at Techzine Global
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