✉news WorldEU Politics first seen 2 d ago, last 2 d ago, peak #22
France and Germany Push New EU Power to Restrict Market Access
Original: France and Germany Seek New EU Power to Cut Market Access Over Trade Distortions
France and Germany are jointly calling for a new European Union instrument that would allow the bloc to cut foreign companies' access to the single market when they benefit from trade distortions, such as state subsidies. The proposal signals the EU's two largest economies aligning on a tougher trade stance, aimed at protecting European industry from unfair competition. Details of how the mechanism would work remain limited.
Why now: The joint Franco-German proposal on trade defence is a significant shift in EU economic policy amid concerns over subsidized foreign competition.
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