European Commission’s “Made in Europe” Push: Challenges and Debates in Heavy Industry
The European Commission is seeking support from heavy industry to include a “Made in Europe” component in the upcoming Industrial Accelerator Act (IAA), aiming to boost the competitiveness of energy-intensive industries against international competition. This initiative mirrors a previous EU bill prioritizing domestic clean technologies. The IAA aims to support domestic production through measures like quotas, state aid adjustments, and the creation of “lead markets” to drive demand. Industry leaders are receptive, emphasizing the need for economic independence and financial support to address trade deficits and ensure economic security.
John Q. Hosedrinker