Tag

Buy European

All articles tagged with #buy european

Europe’s Buy European plan hits complexity and political fault lines
business4 hours ago

Europe’s Buy European plan hits complexity and political fault lines

Europe's upcoming Buy European policy aims to steer public funding and procurement toward EU-made goods in strategic sectors as part of the Commission's One Europe, One Market plan for 2027. While defence is broadly supported to boost strategic autonomy, experts warn the policy risks becoming protectionist, raising costs and dampening innovation if not carefully designed. Deep divisions among 27 member states over strict local-content rules versus flexible, Europe-wide rules underscore potential costs for downstream industries and fragile supply chains. A mid-March proposal is expected with sector-specific thresholds and trusted-partner carve-outs, but many technical details remain unresolved and the policy could invite retaliation from trading partners if not carefully calibrated.

EU warns foreign tech dependence could be weaponized, pushes tech sovereignty
technology29 days ago

EU warns foreign tech dependence could be weaponized, pushes tech sovereignty

EU tech chief Henna Virkkunen warned that Europe’s reliance on foreign technology can be weaponized and urged greater tech sovereignty, advocating the use of public procurement to grow EU tech firms and a legislative package on cloud, AI, and chips. She stressed semiconductors as a pre-condition for other technologies, backed the Buy European approach, and pointed to the upcoming Industrial Accelerator Act while noting the U.S. remains an important partner amidst vulnerabilities from Covid and Russia’s invasion.