EU pushes back 'Made in Europe' policy announcement

Investing.com -- The European Commission postponed the unveiling of its Industrial Accelerator Act by one week following disagreements over the geographic scope of the proposed measures, the Commission announced on Monday.

The policy, originally scheduled for announcement on Thursday, will now be presented on March 4, according to a spokesperson for Commission Executive Vice President Stéphane Séjourné's office.

The Industrial Accelerator Act aims to establish minimum thresholds for locally manufactured parts in projects that use public funds across strategic sectors, including batteries, solar and wind energy, and nuclear power.

France has been among the governments supporting the Made in Europe regulations, arguing that European industries require protection against cheaper imports from markets such as China, which operate under looser environmental and other regulations.

Sweden and the Czech Republic have expressed concerns that buy local requirements could discourage investment, increase prices in government tenders, and damage the EU's global competitiveness.

Carmakers and other industries have requested that the protections extend beyond the EU and EFTA countries, which include Iceland, Norway, Switzerland and Liechtenstein, to cover other territories in their supply chains, including Britain and Turkey.

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