00:00The European Commission on Wednesday unveiled its long-awaited industrial plan called Industrial Accelerator Act,
00:08rolling out a European preference that shuts China out of European public funding
00:13and tightens the screws on Beijing's future investment in the EU.
00:17The strategy targets three strategic sectors, clean technologies, car manufacturers and energy-intensive industries,
00:24such as aluminium, steel and cement.
00:27— Si nous ne faisons rien, aujourd'hui, il est fort probable que 100% des technologies sur les clean
00:34tech soient produites à 100% en Chine dans les prochaines années.
00:39Il est fort probable que notre industrie du ciment, notre industrie de l'acier soient à 100% délocalisées dans
00:47les prochaines années.
00:48Et donc si nous considérons que ces technologies doivent être stratégiques et doivent permettre justement à l'Union européenne
00:54d'assurer à la fois la question technologique mais en même temps la production européenne,
01:00il nous faut des outils à la fois de défense commerciale et en même temps des outils de production en
01:06Europe.
01:06The proposal introduces made-in-Europe thresholds, including a 70% EU content requirement for electric vehicles,
01:14with notable exceptions for most battery components, 25% for aluminium and 25% for cement.
01:21In the end, the Commission has proposed extending EU origin status to products,
01:26coming from trading partners with free trade agreements that apply reciprocity,
01:30notably in public procurement contracts.
01:34That excludes China and the US, which do not enjoy any such agreements with the Bloc,
01:39but it might also exclude more like-minded partners such as Canada,
01:43where a bi-Canadian policy might apply soon to EU companies.
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