According to a draft document that was seen on Tuesday, the European Commission will propose measures to ensure more goods and services for the European Union's shipping industry are made in the
According to a draft document that was seen on Tuesday, the European Commission will propose measures to ensure more goods and services for the European Union's shipping industry are made in the EU.
Next week, the "Made in EU", proposals will be made. This is a week before EU executive makes a wider push for local products. A plan that has divided EU countries.
The draft document states that the Commission will encourage public authorities purchasing ships or equipment to select suppliers based on non-price factors like sustainability and whether the item is made in EU.
The document said that this could lead to increased EU production of ferries and research vessels as well as tugs, icebreakers, and tugboats.
The European Investment Bank (EIB) could play a key role in encouraging the demand for EU-manufactured ships by providing ship owners easier access to finance.
On February 10, the EU executive will present a series of proposals to improve the shipbuilding and shipping sectors, as well as the security and sustainability in its ports. This is part of a broader strategy to increase competitiveness.
(source: Reuters)
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