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The European Commission presented the Industrial Accelerator Act (IAA), a legislative proposal designed to reinforce the EU's industrial base and to increase demand for low-carbon, European-made technologies and products. The measure introduces "Made in EU" preferences in public procurement for strategic sectors such as steel, cement, cars and net-zero technologies, simplifies authorisations with a single digital gateway and imposes conditions on foreign investments exceeding €100 million, including minimum European employment and technology transfer.
The objective is to minimise external dependencies, encourage innovation and increase the share of manufacturing to 20% of European GDP by 2035.
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