The Prague Post - EU chief backs Made-in-Europe push for 'strategic' sectors

EUR -
AED 4.29965
AFN 72.587313
ALL 95.299386
AMD 434.649893
ANG 2.09554
AOA 1074.765169
ARS 1629.856375
AUD 1.638813
AWG 2.107383
AZN 1.988227
BAM 1.953328
BBD 2.35422
BDT 143.418485
BGN 1.952961
BHD 0.441841
BIF 3476.799647
BMD 1.170768
BND 1.49311
BOB 8.076778
BRL 5.833584
BSD 1.168821
BTN 110.100653
BWP 15.831963
BYN 3.311109
BYR 22947.057443
BZD 2.350825
CAD 1.601289
CDF 2710.328212
CHF 0.920593
CLF 0.026672
CLP 1049.721891
CNY 8.003718
CNH 8.004719
COP 4161.472283
CRC 531.926776
CUC 1.170768
CUP 31.025358
CVE 110.125621
CZK 24.357823
DJF 208.146563
DKK 7.472984
DOP 69.631872
DZD 154.96587
EGP 61.625843
ERN 17.561524
ETB 180.694907
FJD 2.581134
FKP 0.865173
GBP 0.866398
GEL 3.137498
GGP 0.865173
GHS 12.976576
GIP 0.865173
GMD 86.04904
GNF 10260.014585
GTQ 8.935691
GYD 244.540501
HKD 9.172612
HNL 31.05969
HRK 7.534944
HTG 153.026325
HUF 365.226421
IDR 20199.264391
ILS 3.495972
IMP 0.865173
INR 110.34555
IQD 1531.16211
IRR 1541901.768196
ISK 143.793552
JEP 0.865173
JMD 184.456546
JOD 0.830092
JPY 186.777342
KES 151.134398
KGS 102.328898
KHR 4683.072345
KMF 491.722462
KPW 1053.691368
KRW 1728.932355
KWD 0.360315
KYD 0.974067
KZT 542.952821
LAK 25612.583864
LBP 104670.126015
LKR 372.578452
LRD 214.478549
LSL 19.436301
LTL 3.456974
LVL 0.708186
LYD 7.416613
MAD 10.814313
MDL 20.326274
MGA 4856.853006
MKD 61.562085
MMK 2458.858103
MNT 4187.990537
MOP 9.432562
MRU 46.650957
MUR 54.827352
MVR 18.088728
MWK 2026.834771
MXN 20.388519
MYR 4.640938
MZN 74.823505
NAD 19.436301
NGN 1583.077537
NIO 43.015558
NOK 10.907562
NPR 176.161045
NZD 1.993894
OMR 0.449751
PAB 1.168821
PEN 4.052571
PGK 5.073579
PHP 70.983643
PKR 325.845
PLN 4.244492
PYG 7411.619608
QAR 4.260907
RON 5.085705
RSD 117.271577
RUB 88.240244
RWF 1708.437744
SAR 4.391315
SBD 9.41919
SCR 17.325073
SDG 703.045006
SEK 10.823571
SGD 1.494977
SHP 0.874097
SLE 28.830173
SLL 24550.420054
SOS 667.954614
SRD 43.861078
STD 24232.538731
STN 24.469031
SVC 10.227056
SYP 129.399145
SZL 19.428411
THB 37.956042
TJS 10.987194
TMT 4.103543
TND 3.41318
TOP 2.818929
TRY 52.717307
TTD 7.937953
TWD 36.87105
TZS 3041.94971
UAH 51.505213
UGX 4348.496399
USD 1.170768
UYU 46.301399
UZS 14043.226427
VES 565.673837
VND 30861.450724
VUV 137.633919
WST 3.194449
XAF 655.127848
XAG 0.01562
XAU 0.00025
XCD 3.164059
XCG 2.106534
XDR 0.814769
XOF 655.127848
XPF 119.331742
YER 279.403266
ZAR 19.406361
ZMK 10538.31988
ZMW 22.120004
ZWL 376.986895
  • RELX

    0.4000

    36.53

    +1.09%

  • VOD

    0.0100

    15.63

    +0.06%

  • NGG

    0.4600

    87.42

    +0.53%

  • BTI

    0.8100

    58.09

    +1.39%

  • RBGPF

    64.0000

    64

    +100%

  • BCE

    -0.2200

    23.88

    -0.92%

  • RYCEF

    -0.1200

    15.3

    -0.78%

  • RIO

    0.7600

    99.61

    +0.76%

  • CMSC

    0.0400

    22.95

    +0.17%

  • GSK

    -1.1900

    54.44

    -2.19%

  • BCC

    0.3300

    84.15

    +0.39%

  • CMSD

    0.0900

    23.32

    +0.39%

  • JRI

    0.0100

    12.89

    +0.08%

  • BP

    -0.1000

    46.25

    -0.22%

  • AZN

    -2.5500

    189.75

    -1.34%

EU chief backs Made-in-Europe push for 'strategic' sectors
EU chief backs Made-in-Europe push for 'strategic' sectors / Photo: MARCO BERTORELLO - AFP/File

EU chief backs Made-in-Europe push for 'strategic' sectors

EU chief Ursula von der Leyen on Monday backed a push to favour European firms over foreign rivals in "strategic" fields, ahead of a leaders' meeting on boosting the bloc's competitiveness.

Text size:

The EU executive will put forward a proposal later this monthto prioritise European companies in public procurement for key sectors, but the move faces pushback from some member states and partners.

In a letter to the bloc's leaders, von der Leyen argued Europe must be able both to "defend its strategic interests" and support home-grown production.

"A European preference is a necessary instrument that contributes to this objective," she wrote, arguing such a move would "help create lead markets in strategic sectors".

In a draft seen by AFP, the EU executive wants rules that would force companies bidding for public contracts in sectors such as cars and green technology to prove that a certain percentage of their products are made in Europe.

The European Commission has twice delayed its proposal because of fierce internal debates, with some seeking to dilute its scope.

In her letter to leaders, von der Leyen said any European preference "must be underpinned by robust economic analysis and aligned with our industrial priorities, while engaging constructively with trusted partners".

- Worries overseas -

EU industry chief Stephane Sejourne has argued it is time for Europe to have its own version of the "Buy American Act" and "Made in China" to protect firms.

In an op-ed published this month and signed by more than 1,100 CEOs and business leaders, Sejourne said that "whenever European public money is used, it must contribute to European production and jobs".

The "Made in Europe" concept has been popular in France for years and Paris has been seeking tough limitations on defence purchases from outside the EU.

But France's enthusiasm has been met with scepticism from some EU partners.

"They always say 'European', but they think everyone is going to buy French things, so there's still a lot of work to be done," Belgian Prime Minister Bart De Wever told national broadcasters.

There have also been concerns further afield.

Turkish President Recep Tayyip Erdogan wrote a letter to von der Leyen seen by AFP in December in which he warned of the unwanted consequences of such moves for Turkey, which is in a customs union with the bloc.

In particular, Erdogan raised concerns about the impact on the automobile sector, a sentiment echoed by Japanese companies in public and private.

Japanese carmaker Honda urged Brussels to extend the concept to "Made with Common Values", warning that "overly restrictive local content requirements will not necessarily shore up European manufacturing" because of the industry's global nature.

- 'Limited' measures -

Italy and Germany last month offered lukewarm support for the "Made in Europe" idea, cautioning against going too far.

"To protect our interests, this might include making use of EU-preference rules in crucial and core strategic sectors, while taking due account of our trade policy interests and of likeminded partners," Berlin and Rome said.

And last week six member states -- Estonia, Finland, Latvia, Lithuania, the Netherlands and Sweden -- warned that such rules could "risk adding another layer of complex regulation", in a document seen by AFP.

They did not wholly reject the idea but said the measures should be "limited, proportionate and based on a clear understanding of the consequences".

The commission's point of reference is former European Central Bank chief Mario Draghi's landmark 2024 report on the EU economy.

In the report, Draghi advocated for a European preference in defence procurement and in the space sector, albeit in a targeted manner.

B.Svoboda--TPP