China pushes EU capitals to scrap 'Made in Europe' law or face retaliation
5 hours ago
- #Industrial Policy
- #Public Procurement
- #EU-China Trade
- China urges EU member states to revise the proposed "Made in Europe" legislation, threatening countermeasures if discriminatory treatment persists.
- The EU's Industrial Accelerator Act prioritizes European-made products in public procurement for strategic sectors like automotive, green tech, and energy-intensive industries.
- Foreign investments over €100 million in areas such as batteries and EVs face conditions, including possible joint ventures and technology transfer for companies with over 40% global market share.
- China criticizes the proposal as discriminatory, citing double standards on technology transfer and referencing a 2018 joint statement with the U.S. and Japan opposing forced transfers.
- EU member states are divided on the proposal, with France favoring stricter local content, while Germany advocates for broader cooperation with like-minded partners.