How to facilitate investments of large European industrialists such as Arceormittal? In the BFM business set at Aix-en-Provence’s economic meetings, Marc Ferracci gave some action actions. Starting with that of the steel backing clause that considers that it is not “enough.”
“We need European preference, insists the Minister of Industry and Energy. This means imposing local content in European productions by deciding on public procurement, public aid. A percentage of the added value of the product that is carried out in Europe is needed.”
“Europe must move and leave a form of naivety, in particular in relation to the rules of international trade, it estimates that the government member who deplies the” mass subsidized competition “. These are practices that we know are not completely online. […] We must still fight in equal weapons and be applied to rules similar to those of China and the United States. “
Harden the carbon tax mechanism at borders
The second axis on which Marc Ferracci expects European action is carbon taxes at borders. “We impose limitations on our manufacturers with the European rules to achieve climatic ambitions, we need to issue little by little less than CO2, remember. We must reflect the same limitations for those who export in Europe and this is the role of carbon tax on borders.”
On the other hand, the Minister of Industry invites the European Executive to be more flexible with respect to the European automotive industry as part of the trajectory towards the end of sales of thermal vehicles in ten years. “When we go to the countryside, manufacturers do not ask us to question this limit, he says. What they ask for is flexibility and this is exactly what we have obtained from the European Commission when the question of the fines that European manufacturers have to pay. During the year 2025, if these fines would have been due, they would have taken thousands of millions of euros and probably.
Source: BFM TV
