UK Minister Says Britain and EU Seeking Solution on “Made in Europe” Rules
Jonathan Reynolds said London and Brussels are working to resolve concerns over proposed EU rules favouring European-made goods, which worry UK manufacturers and investors.
London, United Kingdom. British business minister Jonathan Reynolds said on Tuesday that Britain and the European Union are working out how to resolve concerns about the bloc’s planned “Made in Europe” rules, which have created uncertainty for UK manufacturers and investors.
What the proposals involve
The planned measures would give preference to goods produced in Europe in public procurement, auctions and subsidy schemes. They would apply to sectors such as electric vehicles, batteries and other clean technologies. The rules are seen as a particular danger to the British car industry and are part of the EU’s wider push to lessen dependence on inexpensive imports, especially those from China.
Minister’s comments
Speaking to Sky News, Reynolds said the government and the EU were engaged in extensive work as companies looked for more clarity. He said: “I think we’re finding a way through that.”
Possible compromise
Reuters reported earlier this month that France and Germany were discussing a compromise under which Britain could be treated as a trusted partner within the scheme. This would depend on London agreeing to align with the bloc on tariffs on China.
Approval process
Any final proposal would need the backing of EU governments and the European Parliament.
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