“Made in Europe” – EU Industry Commissioner calls for preferential treatment for European companies

10 comments

1. The EU Commissioner for Industry, Séjourné, advocates giving preference to European companies when awarding contracts.

   In a guest article for Handelsblatt, among others, Séjourné wrote that anyone receiving public funds should be obliged to also produce in Europe. He pointed out that more and more countries are imposing tariffs and supporting their own economies, in some cases with massive subsidies. The EU must respond to this with a “Made in Europe” strategy.
   Séjourné’s appeal was signed by more than 1,000 European trade unions and companies, including Bosch and Thyssenkrupp Steel.
   The governments of Sweden and Czechia, among others, criticized the initiative. They argue that giving preference to European companies would deter investors and ultimately harm the economy. The German government also reacted cautiously.

2. Why wouldn’t Europe look after their own? Assuming the companies comply with the correct regulations and don’t use public money to pay shareholders

3. Great news, the impact this will have on the 1.7 trillion yearly trade between the US and the EU will be bigly.

4. This should have been the case 10 years ago

5. If protectionism is the only way, give it a try.

6. Can we have closed operating system for consumers? Can we?

7. A classic example of `Treatment worse than the disease`. Rather addressing issues like bureaucracy, competitiveness, regulations, these folks are looking for preferential treatments & they expect countries all around the world import EU products without repercussions?

8. Good news. But we need to see a follow through. Set up legislations, set a date when it can start and then provide data in next few years to see how it’s working. Without these actions, it’s just wishful thinking.

9. If the companies doesnt belong to foreign Holdingcompanies… why not

10. It should have been a thing from the start