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business1d ago
SMMT urges EU to include UK under Made in EU framework | Automotive World
- SMMT calls on the EU to explicitly include the UK under the Made in EU provisions of the Industrial Accelerator Act.
- The IAA would set Made in EU rules for public procurement and subsidies in key sectors.
- EU-UK automotive trade is about €80 billion annually, highlighting the stakes for both sides.
- Excluding UK-built vehicles from IAA incentives could disadvantage British automakers.
- The UK government is drafting dynamic alignment with EU rules in some areas.
- SMMT argues the aim is to boost European industry competitiveness against low-cost producers.
- UK and EU share deep integration with supply chains after four decades.
- SMMT emphasizes resilience and competitiveness rather than treating the UK as a Chinese threat.
- The upcoming UK-EU summit is viewed as the likely moment for a political statement.
- The IAA seeks to counter China and prevent job losses in Europe over the next decade.
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