Chancellor John Healey is traveling to Dublin this Friday to meet with European Union finance ministers, where he intends to advocate for stronger cooperation in the technology, defense, and manufacturing sectors. A primary focus of his discussions will be the EU's proposed Industrial Accelerator Act, known as the "Made in Europe" policy, which aims to shield regional industries from non-EU competition.
Treasury officials have indicated that the Chancellor will warn against creating new trade barriers, expressing concerns that the current design of the policy could unintentionally exclude British firms from vital European supply chains. Former trade negotiator Sir Crawford Falconer noted that while initial plans for the scheme allowed for the inclusion of free trade partners like the UK, subsequent proposals suggested restricting membership to EU member states. Industry leaders, including representatives from Nissan, have cautioned that limiting public support to EU-only assembly could disrupt integrated supply chains and hinder the transition to electric vehicles.
Healey aims to mitigate the economic consequences of Brexit by fostering closer ties with the EU, though Treasury sources emphasized that this will not be pursued at any cost to the UK. The Chancellor is expected to reference the breakdown of previous negotiations regarding a UK-EU defense loans scheme as a cautionary example of the importance of clear communication and fair terms.
Beyond his discussions on industrial policy, the Chancellor is exploring potential UK involvement in the Canada-led Defence, Security and Resilience Bank, an initiative designed to facilitate lower-cost borrowing for military spending. These diplomatic efforts precede a planned UK-EU summit, which is now anticipated to occur in November.
Source: BBC News
មិនទាន់មានមតិយោបល់នៅឡើយទេ។ សូមធ្វើជាអ្នកដំបូងដែលចែករំលែកគំនិតរបស់អ្នក។