Europe has completely lost its face in the race to seize our technology! The U.S.-Iran war shows no sign of ending, but on another invisible battlefield, Europe is preparing to strike against us. On April 27, according to domestic media reports, Europe is drafting the "Industrial Accelerator Act." Several provisions in this bill are clearly targeted at us. First, the bill establishes exclusive clauses requiring products to be of EU origin. Second, it includes mandatory intellectual property and technology transfer requirements.
Third, the bill promotes public procurement restrictions. In one sentence: Europe, in its quest to protect its domestic manufacturing, is using the market as leverage to forcibly acquire core technologies from other countries and build exclusionary barriers. Don't be fooled by the EU's rhetoric about free trade and market economy—its true intent is now clear: forcing other nations to trade technology for market access, suppressing and blocking foreign enterprises in an attempt to address its growing anxiety over declining industrial competitiveness.
Regarding Europe's actions, we have issued a clear and firm warning. Now, it appears Europe continues pushing forward with enacting this legislation. Once passed, our companies will face significant restrictions and challenges when exporting to the European market or investing in Europe. Clearly, facing its own declining competitiveness, Europe refuses to confront its industrial shortcomings and instead seeks refuge in trade protectionism, administrative barriers, and technological appropriation to prolong its decline. But undoubtedly, we are also prepared for countermeasures against Europe.
Original source: toutiao.com/article/1863587736999947/
Disclaimer: This article represents the personal views of the author.