12/04/2022 07:28 am (act. 12/04/2022 07:28 am)
In the US-EU dispute over US subsidies, the head of the EU Parliament’s Trade Committee, Bernd Lange, no longer expects a negotiated solution. “That’s why I think it’s necessary for the EU to quickly file a complaint with the WTO in the coming months,” Lange told Funke Mediengruppe, according to a preliminary report. “It will make it clear to us that what the US is doing is clearly incompatible with WTO rules.”
For its part, the EU must reinforce its support for national industry, without repeating the US mistake and reacting with a unilateral preference for European companies. “We also have to see if and how we can reduce energy prices for industry, which are currently up to ten times higher than in the United States.”
The German Social Democrat (APD) politician made the comments ahead of the much-anticipated EU-US Trade and Technology Council meeting on Monday, at which senior officials from Washington and Brussels will discuss Europe’s concerns over the anti-inflation law. of the USA (IRA ) wanted to advise. The dispute is over the US billion-dollar package to expand renewable energy, which also places demands on local production. Congress had already passed the $430 billion bill. European countries fear that companies will migrate to the US.