European Commission head supports 'Made in Europe' initiative in strategic sectors
The head of the European Commission supports an initiative to prioritize European companies in strategic sectors ahead of an EU leaders' meeting on enhancing the bloc's competitiveness.
The head of the European Commission (EC) has voiced strong support for the 'Made in Europe' initiative, which aims to prioritize European companies in public procurement in key strategic sectors. This initiative is framed within the broader context of ensuring that Europe can defend its strategic interests while actively contributing to the creation of internal value. In a letter to EU leaders ahead of a significant meeting focused on boosting the bloc's competitiveness, the EC president emphasized that prioritizing European companies is a crucial tool in achieving these objectives.
Later this month, the European Commission plans to propose a legal framework to enforce this prioritization in public procurement processes. However, the initiative is expected to face opposition from certain member states, which may have concerns regarding trade implications and the feasibility of implementing such a policy across the EU. The proposed initiative highlights the ongoing debate within the EU about how best to balance internal market principles with the need to support local economies and boost competitiveness in a globalized market.
This proposal comes at a time when many European leaders are increasingly focused on building economic resilience and reducing dependency on external supply chains, particularly in the wake of recent global events that have strained trade relationships. The 'Made in Europe' initiative could serve as a pivotal point for fostering greater economic cohesion within the EU but also risks deepening divisions among member states that favor free-market approaches.