Norway to Become "Made in Europe". Hundreds of Billions of Euros at Stake
The European Union is preparing "Made in Europe" rules aimed at strengthening industry and public procurement. According to Prime Minister Jonas Gahr Støre, Norway will be included in the new regulations.
The new requirements will cover, among others, electric car manufacturers and will oblige them to produce in Europe and use European parts.
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The European Commission is working on new regulations for the European economy. The goal is to increase the share of products made in Europe in public procurement and projects supported by public funds. The slogans "Buy European" and "Made in Europe" are starting to take real shape. The issue is to be discussed during the visit of European Council President Antonio Costa to Norway.
New Regulations for Industry
Next week, the European Commission is set to present the Industrial Accelerator Act. The regulation aims to strengthen European industry in competition with the USA and China. One of the key elements is the "Made in Europe" principle. This means an obligation to ensure a specified share of European products in public procurement.
The new requirements will include, among others, the energy sector. This concerns batteries, solar, wind, and hydrogen energy. EU countries purchase goods worth about 2 trillion euros annually. The regulations will also apply to companies producing, among others, electric cars and steel with public support.
The new requirements will include, among others, the energy sector. This concerns batteries, solar, wind, and hydrogen energy. EU countries purchase goods worth about 2 trillion euros annually. The regulations will also apply to companies producing, among others, electric cars and steel with public support.
Norway is an important supplier of critical raw materials, such as metals and minerals essential for the production of batteries, wind turbines, and other energy technologies.Photo generated with AI
Norway in the European Circle
Last autumn, there were concerns in the Norwegian business community about being excluded from the new rules. Norway is not part of the EU customs union. However, Prime Minister Jonas Gahr Støre announced that the country will be included in the regulations. He referred to a conversation with Ursula von der Leyen during the Munich Security Conference.
The draft regulations indicate that EEA countries, including Norway, Iceland, and Liechtenstein, will be treated as part of "Made in Europe." The situation is different for the United Kingdom and Turkey. London criticizes the proposal as protectionist. There is an ongoing dispute in the EU over the scope of the regulations between supporters and the concept of "Made with Europe."
Antonio Costa's visit to Norway will also cover issues concerning Ukraine, the Arctic, defense, crisis preparedness, and economic security. The new regulations are to be discussed at the EU summit scheduled for March 19-20.
The draft regulations indicate that EEA countries, including Norway, Iceland, and Liechtenstein, will be treated as part of "Made in Europe." The situation is different for the United Kingdom and Turkey. London criticizes the proposal as protectionist. There is an ongoing dispute in the EU over the scope of the regulations between supporters and the concept of "Made with Europe."
Antonio Costa's visit to Norway will also cover issues concerning Ukraine, the Arctic, defense, crisis preparedness, and economic security. The new regulations are to be discussed at the EU summit scheduled for March 19-20.
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