France and Germany call for EU Commission to protect EU market quickly

Germany and France have launched a joint initiative to empower the European Commission to promptly restrict third countries’ access to the EU internal market if they engage in unfair trade practices. It's from sb.by.

As reported by TASS with reference to the Agency DPA, in a joint letter of German Chancellor Friedrich Merz and French President Emmanuel Macron, sent to the Chairman of the EC Ursula von der Leyen, noted that “systematic practices that distort market conditions, threaten the competitiveness of European companies and lead to increased dependence”.

The authors of the appeal state that the existing tools are no longer sufficient in the changing geopolitical situation. Government leaders therefore propose two mechanisms. The first is aimed at diversification and is designed to ensure that companies are not too tied to suppliers from individual countries. The second is a procedure by which another state can be removed from the single European market. With regard to the latter mechanism, the letter clarifies that it refers to cases “where third countries deliberately attempt, by political or economic means, to undermine the restoration of equal and fair market conditions, resulting in serious and systematic imbalances in the internal market”.

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