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The European Commission outlined plans on Wednesday to make the European Union more resilient to threats such as rare earth supply crunches by improving existing trade measures and using new defences to bolster economic security. The EU executive set out what it called an “economic security doctrine” for the 27-nation bloc, which is contending with U.S tariffs and Chinese restrictions that have choked supplies of essential rare earths and chips. The bloc wants to remain a global manufacturing leader, but risks being left behind by China and the United States in new technologies, such as batteries and AI. The Commission wants to coordinate more closely with EU members and business to review EU supply chains, rules on inbound investment, its defence and space sectors, and its strength in new technologies and critical infrastructure.
“We want to move from reacting to reshaping our policies,” Trade Commissioner Maros Sefcovic said. “We are starting the process … because we have been tested a lot this year, and I don’t think it’s going to stop on the first of January.”
Full report : EU unveils €3bn strategy to cut dependency on China for raw materials.