cross-posted from: https://scribe.disroot.org/post/11206781
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Brussels is expected to unveil new “Buy European” procurement rules that would give governments and public authorities greater scope to favour European companies when awarding contracts, while potentially restricting bidders from countries that do not offer equivalent access to their own public markets.
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The move reflects a much broader shift in Europe’s relationship with Beijing.
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Brussels is no longer looking at trade simply through the traditional lens of price and consumer choice. The question increasingly is whether European taxpayers should finance foreign industrial capacity at a time when Europe is trying to rebuild its own.
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Yes.
It’s wild how long it takes for these strategic re-adjustments.
The right time to do this would’ve been twenty years ago.