The European Commission is preparing new legislation that would require EU companies to diversify their sources of supply for raw materials and strategic components. The aim is to reduce the risks associated with excessive dependence on China.
This initiative was announced by the President of the European Commission, Ursula von der Leyen, following a summit of European Union leaders in Brussels. She believes that European companies have moved too slowly in reducing their exposure to risks related to Beijing.
According to the Commission, this proposed law aims to encourage, or even compel, companies to secure alternative supply chains. The European executive insists that such a measure could become less necessary if economic actors take voluntary steps to diversify.
European leaders also agreed to launch a dialogue with the bloc's main trading partners to examine "global macroeconomic imbalances." They also want to assess whether new trade measures need to be adopted to protect the Union's economic interests.
This orientation is part of a context of increasing trade tensions with China, whose dominance in certain strategic sectors, particularly the processing of critical minerals and rare earths, which have become essential for global industry, is denounced by the European Union.
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