By Marine Strauss BRUSSELS (Reuters) - European Commission President Ursula von der Leyen announced an anti-subsidy investigation into Chinese electric ...
SaltWire's Atlantic regional weather forecast for September 13, 2023 | SaltWireBRUSSELS - European Commission President Ursula von der Leyen announced an anti-subsidy investigation into Chinese electric vehicles on Wednesday, presenting herself as a champion of European business as she defended her track record ahead of elections next year.
"We will fast-track permitting even more. We will improve the auction systems across the EU. We will focus on skills, access to finance and stable supply chains.""Take the electric vehicles sector. It is a crucial industry for the clean economy, with a huge potential for Europe. But global markets are now flooded with cheaper Chinese electric cars. And their price is kept artificially low by huge state subsidies. This is distorting our market.
"So we need to improve access to the labour market. Most importantly for young people, for women. And we need qualified migration.""It is an economic and national security imperative to preserve a European edge on critical and emerging technologies. This European industrial policy also requires common European funding.""We should aim to complete deals with Australia, Mexico and Mercosur by the end of this year. And soon thereafter with India and Indonesia.
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