BRUSSELS, Belgium, March 4, 2026 (BSS/AFP) - The EU will on Wednesday unveil "Buy European" rules to boost domestic production, which Brussels says will help defend European businesses against fierce global competition, especially from China. The commission will propose that if companies want public money, they must meet minimum thresholds for EU-made parts in "strategic sectors", set to include cars, green tech and "energy-intensive" industries such as aluminium and steel. Its supporters say that if the EU does not shield its strategic sectors it will not have any industry left to defend. The looming rules are unpopular outside the EU with fears in countries including Britain, Canada, Japan and Turkey over how strict they will be. To do so it imposes conditions on foreign investments of over 100 million euros ($116 million) in "emerging strategic sectors" such as batteries and electric vehicles.

Source: Bangladesh Sangbad Sangstha March 04, 2026 03:45 UTC