Report: EU Commission to present emergency supply chain law in spring
You can read this article in 1 minute
According to a document seen by Politico, next year the Commission of the European Union shall present a new law with emergency powers aimed at protecting supply chains.
As reported by the European news website, in a New Year’s message to staff, Internal Market Commissioner Thierry Breton wrote that the Commission would publish the plans in “spring.”
Politico reports that the law will consist of a “toolbox of measures that can be activated to ensure security of supply during a crisis.” It is thought this could mean measures such as export controls and powers for the EU to ask companies for data on production, stock levels and their supply chains in general.
Moreover, the plans are thought to feature “mid-to long-term measures … to address structural strategic dependencies, diversify sources of supply and increase EU industrial capacities.” According to Politico, officials say this will include measures to curb how much the EU depends on China.