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Merz wants to discuss Asia's concerns about EU plans in Brussels

German Chancellor Friedrich Merz wants to highlight on Friday in Brussels the concerns of Asian partners regarding the European Union's plans to support domestic production. The topic is expected to be the possible consequences of the "Made in Europe" initiative, which aims to strengthen the Union's industrial base. ekonomika.sme.sk ↗

According to Merz, Asian countries view the support of European producers and the use of European suppliers with reservations. They fear that EU measures could favor companies operating in member states and limit the access of foreign companies to the European market.

The German chancellor wants to convey these positions in Brussels as part of a discussion on the future direction of European industrial policy. The Union's plans are meant to support production in Europe and strengthen its supply chains, but they have also raised concerns about the creation of new trade barriers. teraz.sk ↗

The objections come mainly from countries outside Europe, which fear the emergence of new protectionism. According to them, supporting domestic producers could affect trade relations between the EU and its Asian partners. teraz.sk ↗

Merz is expected to raise this topic during the negotiations in Brussels. Further developments will depend on how the European Commission and member states set the conditions for the initiative and whether they take into account the concerns of the Union's trading partners. aktuality.sk ↗

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