Bookmark Article
Brussels is pushing for EU governments to prioritize European bidders in public procurement tenders, termed the “Buy European Act,” as a response to US trade policies and a move towards greater self-sufficiency in strategic sectors like technology and defense. Stéphane Séjourné, the EU’s executive vice-president for industry, emphasized the need for harmonized internal market rules and the potential to bar foreign companies from bidding on government contracts, despite the risks of violating international trade agreements. This initiative aims to enhance Europe’s economic security amidst growing geopolitical tensions, while also addressing concerns over dependency on non-European suppliers.
Full Article
