European Commission proposes tighter access to EU public procurement market
A new draft document reveals plans to exclude foreign companies posing security risks from public tenders amid mounting concerns regarding data transfers and supply chain dependencies.
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According to a report by Euronews, the European Commission is considering measures to restrict foreign firms from accessing the EU public procurement market. The draft document outlines intentions to block companies deemed a security threat, citing specific concerns over data security and the potential weaponisation of the bloc's reliance on imported technologies and raw materials.
The proposed strategy aims to address growing anxieties regarding foreign interference within the European Union. By tightening procurement rules, officials intend to safeguard critical sectors from risks associated with foreign-controlled entities. The initiative highlights a broader shift in the bloc’s approach to economic security as dependency on external markets remains a primary focus for policymakers.
Source: Euronews. Read the original report ↗
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This brief is based on reporting by Euronews.supports: Euronews