"The European Commission, the EU's executive arm, will next week propose new rules that are expected to include a requirement for companies in strategic sectors to produce in Europe if they want to receive public money. But the definition of "European preference" has triggered debate, with calls especially from France for more "Made in Europe", while other EU states such as Germany call for "Made with Europe"."
"But other EU countries, which are proponents of free trade, oppose the plans. Swedish Prime Minister Ulf Kristersson said Europe should compete based on quality and innovation, not because it wanted to protect European markets. "We do not want to protect European businesses that are basically not competitive," Kristersson told the Financial Times newspaper last week."
""We are in favour of open markets," German Finance Minister Lars Klingbeil said Monday. "But I also want to be very clear: if China changes the rules of the game, if we are confronted with overcapacity, subsidies, and the fact that markets in Europe are flooded, then Europe must defend itself.""
The European Commission will propose new rules expected to require companies in strategic sectors to produce in Europe to receive public money. The definition of "European preference" has sparked a dispute between calls for strict "Made in Europe" rules and calls for a looser "Made with Europe" approach. France supports strict domestic production for strategic sectors while several other EU states argue for competition based on quality and innovation rather than market protection. EU leaders seek targeted measures for specific sectors in response to perceived unfair competition from China, overcapacity and subsidies. Supporters want a strict definition tied to the European Economic Area; critics oppose that narrow standard.
Read at The Local France
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