The Fort Worth Press - 'Made in Europe' or 'Made with Europe'? Buy European push splits bloc

USD -
AED 3.672502
AFN 63.498985
ALL 81.455528
AMD 377.05264
ANG 1.789731
AOA 917.000156
ARS 1399.251011
AUD 1.415338
AWG 1.8
AZN 1.672936
BAM 1.651231
BBD 2.01697
BDT 122.48723
BGN 1.647646
BHD 0.377022
BIF 2960.574082
BMD 1
BND 1.263824
BOB 6.944996
BRL 5.243801
BSD 1.001393
BTN 90.75858
BWP 13.163071
BYN 2.854683
BYR 19600
BZD 2.014099
CAD 1.36395
CDF 2254.99987
CHF 0.769265
CLF 0.021852
CLP 862.820319
CNY 6.90865
CNH 6.88758
COP 3659.91
CRC 482.906217
CUC 1
CUP 26.5
CVE 93.093841
CZK 20.483103
DJF 178.327494
DKK 6.307445
DOP 62.338803
DZD 129.747966
EGP 46.789803
ERN 15
ETB 155.772882
EUR 0.84435
FJD 2.21345
FKP 0.732816
GBP 0.734745
GEL 2.674976
GGP 0.732816
GHS 11.011018
GIP 0.732816
GMD 73.499549
GNF 8789.3626
GTQ 7.681202
GYD 209.514965
HKD 7.81524
HNL 26.464443
HRK 6.362994
HTG 131.076404
HUF 318.783031
IDR 16850
ILS 3.098704
IMP 0.732816
INR 90.752501
IQD 1311.916923
IRR 42125.000158
ISK 122.429949
JEP 0.732816
JMD 156.623048
JOD 0.709013
JPY 152.91099
KES 128.949726
KGS 87.450038
KHR 4024.482904
KMF 415.0001
KPW 900.007411
KRW 1445.930365
KWD 0.30634
KYD 0.834565
KZT 492.051163
LAK 21451.061495
LBP 89662.431942
LKR 309.694847
LRD 186.263667
LSL 15.988013
LTL 2.95274
LVL 0.60489
LYD 6.314323
MAD 9.155557
MDL 16.986452
MGA 4369.960741
MKD 52.057559
MMK 2099.655078
MNT 3565.56941
MOP 8.063405
MRU 39.965555
MUR 45.930644
MVR 15.404994
MWK 1736.421543
MXN 17.186503
MYR 3.889986
MZN 63.910212
NAD 15.990713
NGN 1354.859672
NIO 36.850992
NOK 9.51675
NPR 145.207873
NZD 1.656985
OMR 0.384497
PAB 1.001477
PEN 3.35869
PGK 4.301393
PHP 57.914975
PKR 279.973321
PLN 3.55945
PYG 6545.654101
QAR 3.64988
RON 4.302404
RSD 99.146978
RUB 76.750032
RWF 1462.551868
SAR 3.750206
SBD 8.045182
SCR 14.093416
SDG 601.509666
SEK 8.95328
SGD 1.262585
SHP 0.750259
SLE 24.449696
SLL 20969.49935
SOS 571.295905
SRD 37.791938
STD 20697.981008
STN 20.683833
SVC 8.762717
SYP 11059.574895
SZL 15.98379
THB 31.268505
TJS 9.448436
TMT 3.5
TND 2.88826
TOP 2.40776
TRY 43.725102
TTD 6.790493
TWD 31.4375
TZS 2606.830284
UAH 43.280441
UGX 3545.105323
UYU 38.80282
UZS 12238.591751
VES 392.73007
VND 25970
VUV 119.078186
WST 2.712216
XAF 553.781537
XAG 0.013427
XAU 0.000204
XCD 2.70255
XCG 1.804804
XDR 0.688758
XOF 553.807252
XPF 100.688083
YER 238.349969
ZAR 16.038015
ZMK 9001.196561
ZMW 18.403478
ZWL 321.999592
  • RBGPF

    0.1000

    82.5

    +0.12%

  • CMSC

    0.0500

    23.75

    +0.21%

  • AZN

    1.0300

    205.55

    +0.5%

  • BCC

    -1.5600

    86.5

    -1.8%

  • BCE

    -0.1200

    25.71

    -0.47%

  • RYCEF

    0.2300

    17.1

    +1.35%

  • NGG

    1.1800

    92.4

    +1.28%

  • GSK

    0.3900

    58.93

    +0.66%

  • RELX

    2.2500

    31.06

    +7.24%

  • RIO

    0.1600

    98.07

    +0.16%

  • CMSD

    0.0647

    23.64

    +0.27%

  • BTI

    -1.1100

    59.5

    -1.87%

  • JRI

    0.2135

    13.24

    +1.61%

  • VOD

    -0.0500

    15.57

    -0.32%

  • BP

    0.4700

    37.66

    +1.25%

'Made in Europe' or 'Made with Europe'? Buy European push splits bloc
'Made in Europe' or 'Made with Europe'? Buy European push splits bloc / Photo: © AFP/File

'Made in Europe' or 'Made with Europe'? Buy European push splits bloc

Everyone in Europe agrees the EU needs to rescue its industry but the bloc is split over how far it should push a 'Buy European' approach in order to do so.

Text size:

The European Commission, the EU's executive arm, will next week propose new rules that are expected to include a requirement for companies in strategic sectors to produce in Europe if they want to receive public money.

But the definition of "European preference" has triggered debate, with calls especially from France for more "Made in Europe", while other EU states such as Germany call for "Made with Europe".

- Protecting Europe or European protectionism? -

French President Emmanuel Macron insisted the new rules would be about "protecting our industry" without "being protectionist", by defending "certain strategic sectors, such as cleantech, chemicals, steel, cars or defence".

Otherwise, he warned, "Europeans will be swept aside".

But other EU countries, which are proponents of free trade, oppose the plans.

Swedish Prime Minister Ulf Kristersson said Europe should compete based on quality and innovation, not because it wanted to protect European markets.

"We do not want to protect European businesses that are basically not competitive," Kristersson told the Financial Times newspaper last week.

But EU leaders during talks Thursday appeared to reach a consensus on the issue, pushing for the measure in certain specific sectors since they say Europe faces unfair competition from China and other countries.

"We are in favour of open markets," German Finance Minister Lars Klingbeil said Monday. "But I also want to be very clear: if China changes the rules of the game, if we are confronted with overcapacity, subsidies, and the fact that markets in Europe are flooded, then Europe must defend itself."

- In Europe or with Europe? -

Supporters want "Made in Europe" to be strictly defined, and only for industrial goods made from components manufactured in the European Economic Area, made of the EU's 27 states as well as Iceland, Liechtenstein and Norway.

Critics say this definition would be too restrictive and instead call for a more flexible measure, like Germany's Merz, who calls for "Made with Europe" not "Made in Europe".

They also argue it would be difficult to apply in practice and risks destabilising European supply chains.

"Typically, even a vehicle assembled in Europe incorporates hundreds of specialised components sourced from all over the world. Many critical inputs cannot be competitively produced at scale in Europe," Japanese carmaker Honda said.

Britain and Turkey, for whom the EU is an important trading partner, have also privately expressed concern to Brussels about keeping their countries out.

Some EU capitals are worried about potential retaliatory measures from supplier countries, which would drag Europe into showdowns at a moment when it needs to strengthen its exports.

- What will the rules look like? -

The EU executive insists it has balanced the need to be open and protect firms.

The measure will be "targeted in three ways", said the office of EU industry chief Stephane Sejourne -- who is spearheading the push.

It will affect:

-- a limited number of critical components

-- a limited number of strategic sectors

-- only when public funding is involved.

The final proposal, which will be announced on February 25, could end up only touching a handful of sectors: the auto industry and those playing an essential role in the green transition and confronted by what the EU says unfair Chinese competition, such as solar panels, wind turbines and batteries.

Sejourne's office insisted companies producing in the EU would be considered European and there will be "reciprocal commitments" with trusted partners.

A draft document seen by AFP says products made in countries outside the EU with rules similar to the bloc will be treated like those made in Europe.

Non-EU countries however remain watchful until the real proposal lands.

For example, there are still many unknowns including what the percentages of European or equivalent components will be required from manufacturers if they wish to continue accessing public money.

G.George--TFWP