EU announces plans to reduce dependence on China and others

Brussels — The European Union announced on Wednesday plans to reduce its reliance on Chinese and other foreign suppliers in six strategic areas, including raw materials, active pharmaceutical ingredients and semiconductors, following a pandemic economic downturn.

Blocks in 27 countries rely on China for about half of the 137 products used in sensitive ecosystems, primarily raw materials, medicines, and other products that are key to the green and digital goals of the block. I have outlined the urgency of the task because it is.

Epoch Times Photo
Vice-Presidents of the European Commission Marguerite Vestager and Valdis Donbroski, and EU Internal Markets Commissioner Thierry Breton will hold a press conference on May 5, 2021 in Brussels, Belgium. (Eve Harman / Reuters)

The updated Industrial Strategic Plan shows that the COVID-19 outbreak points to supply chain bottlenecks, and the European Commission conducts a detailed review of raw materials, batteries, pharmaceutical active ingredients, hydrogen, semiconductors and cloud supply chains. It was devised after making a plan. And edge technology, decide how to deal with them.

“Today’s updated industrial strategy is to enable the industry to drive digital and green transformation of the economy, while remaining competitive in the context of recovery from the coronavirus crisis,” Europe said. Marguerite, Vice-President of the Commission, said. Bestagger said at a press conference.

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Vice-President of the European Commission Valdis Dombrovskis collaborates with Marguerite Vestager (not shown) and EU Internal Market Commissioner Thierry Breton (not shown) in Brussels, Belgium on May 5, 2021. I’m watching at a press conference. (Eve Harman / Reuters)

EU measures could include “not only diversifying supply and demand depending on different trading partners as much as possible, but also voluntarily stockpiling and acting whenever necessary” 19 The document on the page states.

To reduce reliance on imports, EU countries will provide resources for the Common European Interest Key Project (IPCEI) in the second IPCEI on next-generation clouds, hydrogen, low-carbon industries, pharmaceuticals, and cutting-edge semiconductors. Can be pooled.

IPCEI will allow EU governments to invest under simpler state aid rules to enable businesses to collaborate on a full range of projects, from design to production to downstream applications.

By Jan Strupczewski