South China Morning Post
AsiaPac · 3 hrs ago
✦ 78◉ Centre
EU needs a ‘dedicated instrument’ to unwind China dependencies, trade chief says
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Quality 78/100
Partisan intensity 35/100
ObjectivePartisan
◉ Centre ✓ Fair headline
The EU's trade commissioner has announced plans for a new regulatory instrument to force companies to diversify away from Chinese suppliers, modelling it on the approach used to reduce energy dependence on Russia after 2022.
EU needs a ‘dedicated instrument’ to unwind China dependencies, trade chief says
The EU’s trade chief has confirmed publicly for the first time that the bloc is considering a specific rule to compel companies to diversify their suppliers, as Europe looks to unwind its dependencies on China.
“Diversification now requires a dedicated instrument,” Trade and Economic Security Commissioner Maros Sefcovic said on Friday, adding that he would model it on the manner in which the EU reduced its reliance on Russian energy following its invasion of Ukraine in 2022.
“Recent industrial..
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