EU Car Industry Warns UK Exclusion from Made in Europe Law Could Hurt Competitiveness
- Reports
- 2
- Developments
- 1
- Repetition
- 50%
New informationRepeats or wire copies
What happened
Ola Källenius, head of ACEA, stated that locking the UK out of the Industrial Accelerator Act, known as the Made in Europe law, would hurt the car industry across the EU bloc. The IAA is designed to protect local industry by countering competition, primarily from China. Andy Burnham has been lobbying for the UK to be included in the legislation, but he is encountering resistance, particularly from France.
From aol.co.uk
Why it matters
The IAA aims to promote industrialization within Europe and build local supply chains. Källenius argued that excluding the UK would worsen the competitiveness of the EU industry. The legislation is aimed at countering competition from China, which currently holds a £1bn a day trade surplus with the EU.
From aol.co.uk
Who's involved
- AceaHead of the European Automobile Manufacturers’ Association (ACEA)
- Andy BurnhamBritish politician lobbying for UK inclusion in the Made in Europe legislation
- Emmanuel MacronPresident of France, which is resisting UK inclusion in the legislation
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- AceaSpeculative
ACEA might face regulatory action from the IAA and tariffs that threatens the competitiveness of its members.
- Jaguar Land RoverSpeculative
Jaguar Land Rover could be directly impacted by exclusion from Made in Europe and tariff threats, affecting its operational future and financial viability.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- How could the EU's push for 'Made in Europe' legislation affect Beijing?Made in Europe legislation targets China's trade surplusLikely
- European Commission faces pressure over Made in Europe and UK tradeEuropean Commission must navigate industrial protectionism and UK trade demandsLikely
- How could the resistance to UK inclusion in Made in Europe affect the Department for Science, Innovation and Technology?The Department for Science, Innovation and Technology may need to adjust its industrial strategy amid EU and Chinese pressuresPossible
Keep exploring
The entities involved
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Jonathan Reynolds
British politician (born 1980)
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Andy Burnham
British politician (born 1970)
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Acea
Italian utility company
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