UK and EU “Finding a Way Through” Concerns Over “Made in Europe” Rules, Says British Business Minister

London: British Business Minister Jonathan Reynolds said on Tuesday that the United Kingdom and the European Union are making progress in resolving concerns over the bloc’s proposed “Made in Europe” rules, which have created uncertainty for British manufacturers and investors.

Speaking to Sky News, Reynolds said a great deal of work was under way between the two sides as businesses seek greater clarity over the proposals. “I think we’re finding a way through that,” he said, adding that the British government and the EU were working closely to resolve the issue.

What the Rules Would Do

The proposed rules, part of the EU’s Industrial Accelerator Act, would give preference to goods made in Europe in public procurement, auctions, and subsidy schemes. They would cover strategic sectors including electric vehicles, batteries, and other clean technologies.

The measures are part of the EU’s wider effort to reduce its dependence on low-cost imports, particularly from China. However, they have raised serious concerns in Britain, where the car industry is seen as especially exposed if UK-made goods are excluded from European preference schemes.

Possible Compromise

France and Germany were reported earlier this month to be discussing a compromise under which Britain could be treated as a trusted partner under the scheme, on the condition that it aligns with the EU on tariffs on Chinese goods.

Any final proposal will require approval from EU member state governments and the European Parliament.