The Brussels are to present by mid-September the draft of a new instrument, the aim of which will be to protect the internal market of the European Union in case of crisis and, if necessary, force producers of strategic products to serve Europe as a priority.
In case they are observed shortages in critical goods Brussels will be able to force industries to give priority on European orders and not on Chinese or American ones, under threat of fines, according to a document cited by AFP.
What is this measure based on?
This measure, which is based on to the rules already in place in the US, regarded as a weapon”retaliation” which the EU would prefer not to use, a European img explained. The basic idea eis to discourage third countries from blocking exports of strategic products to Europe; like the US which had banned the export of Covid-19 vaccines during the pandemic.
When will the proposal be presented?
This proposal will be presented on September 13, another img said. It would then have to be approved by the European Parliament and member states, a process that could take many months, possibly a year.
The organ that will protect the single market it was announced by the president of the European Commission Ursula von der Leyen in February 2021, on the occasion of the disruptions in the supply chain due to the pandemic.
Before a crisis even occurs, a phase could be triggered “surveillance‘, under the control of the Member States, if there is a risk of shortages. Industries may be asked to provide certain information, such as their production capabilities. At this stage, the Commission would like to be able to ask countries to accumulate strategic reserves.
The text, drafted by Internal Market Commissioner Thierry Breton, according to the Athens News Agency, also states that constraints should be minimized as regards the movement of goods and persons between member countries.
The Commission could also purchase products on behalf of member countries, based on the model followed with the Covid-19 vaccines.
Source: News Beast
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