The European Union is pushing to strengthen domestic markets by encouraging authorities and public bodies to prioritize European-made goods and services when spending public funds. Under new proposals, the bloc aims to boost local industries without enforcing strict quotas, marking a strategic response to growing economic competition. The European Commission’s latest "Buy European" initiative seeks to reshape EU public procurement rules to support homegrown businesses. Critics and supporters alike will watch closely as the plan balances protectionism with fair trade principles.
Authorities and public bodies to be urged to buy goods and services from Europe, but without binding quotasEuropean authorities will be encouraged to buy more domestic goods and services when they spend public money under the EU latest effort to counter China’s economic might.In a further “Buy European” plan, the European Commission published proposals on Wednesday for a sweeping overhaul of EU public procurement rules. Continue reading...
