Spain's 'Made in EU' Proposal Shifts Global Trade Rules

Spain has introduced a significant proposal that could reshape how "Made in EU" is defined for goods from third countries. Under the European Commission's planned Industrial Accelerator Act (IAA), Spain suggests a three-tier classification system. This initiative aims to bolster European industries in their competition against global rivals, such as China, which operate under different regulatory frameworks and cost structures.

The proposed system would allow for differentiated treatment based on specific industrial sectors, moving away from a uniform application. This flexibility is intended to address the diverse challenges and opportunities faced by various European industries in the global market. The IAA is a key component of the EU's broader strategy to support its industrial base.