The EU is seeking emergency powers that would force companies to quickly divert resources to urgently fix supply chain chokepoints, a draft legislation on Monday said.
The measure, inspired by rules already existing in the United States, would force companies to prioritise the European market in an emergency and is intended as a weapon of retaliation when other countries do the same. The proposal also addresses pandemic-era frustrations when some EU member states hoarded critical supplies, denying their bloc neighbours without consultation.
Source: News Formal (newsformal.com)
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