European Commission proposes public procurement overhaul to favor domestic goods

The short version

• The European Commission presented draft legislation to revamp EU public procurement rules and encourage public sector entities to choose goods and services made in Europe.[The Guardian]
• The overhaul affects a market estimated by officials at approximately €2.6tn annually, representing 15% of the bloc's gross domestic product.[The Guardian]
• Unlike prior clean-tech initiatives, the newly proposed framework omits binding domestic manufacturing quotas.[The Guardian]
• The draft regulation must be negotiated and approved by the European Parliament and EU ministers before becoming law.[The Guardian]

Key facts

• The European Commission published draft proposals to significantly overhaul public procurement rules across the European Union.[The Guardian]
• Public procurement in the European Union accounts for an estimated 15% of the bloc's GDP, or roughly €2.6tn per year.[The Guardian]
• The new procurement proposals do not introduce mandatory quotas for goods manufactured within Europe.[The Guardian]
• European Commission industrial policy lead Stéphane Séjourné said the measures will give public buyers legal certainty to purchase European goods and services.[The Guardian]

Sources

Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.

• EU unveils ‘buy European’ public procurement rules to counter ChinaThe Guardian - World