UK Trade with EU
The question
To ask the Secretary of State for Business and Trade, if his Department will make an assessment of the potential impact of the EU's Industrial Accelerator Act on UK producers.
Answered by Chris Bryant
This Government notes the publication of the proposed EU Industrial Accelerator Act (IAA) and the wider Made in Europe agenda. In general, the proposal suggests that UK content would be considered equivalent to “Union origin” by default for public procurement and public support schemes (e.g. subsidies). However, some of the specific automotive provisions are very concerning and we are in close touch with industry on this. The proposal remains at the Commission stage and is subject to legislative processes. We will continue to monitor its progress and press the EU to avoid any detrimental impact on the UK and EU’s automotive sectors and on our uniquely integrated UK-EU supply chains.
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