The EU Is Preparing to Limit China's Influence on the Supply of Critical Raw Materials.
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3 Articles
How is Europe diversifying trade risks associated with China? The European Union is developing legislation that will force businesses to abandon their total dependence on Chinese goods. Brussels is seeking to minimize the economic risks associated with Beijing's excessive influence, RBC-Ukraine reports, citing Reuters. The European Commission is preparing a new law that will require EU companies to diversify their supply sources. This applies to…
European Commission President Ursula von der Leyen announced on Friday (June 19) after the EU summit that the EU will develop a new "diversification instrument" aimed at requiring European companies to diversify their key supply chain sources in order to accelerate the "de-risking" process from China.
The European Union will propose a new law that obliges European companies to diversify their sources of supply for raw materials and products considered strategic, President Ursula von der Leyen announced on Friday.
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