Key facts
- EU trade chief Maros Sefcovic confirmed the bloc is considering a specific rule to diversify suppliers.
- The proposed rule aims to reduce the EU's dependencies on China.
- Sefcovic plans to model the instrument on the EU's strategy to reduce reliance on Russian energy.
- The statement was made on Friday.
The European Union's trade chief, Maros Sefcovic, has publicly stated that the bloc is considering a dedicated regulatory instrument to compel companies to diversify their supply chains away from China. This move is part of a broader European effort to unwind dependencies on China. Sefcovic confirmed on Friday that "diversification now requires a dedicated instrument." He indicated that the proposed rule would be modeled after the EU's successful strategy to reduce its reliance on Russian energy following the invasion of Ukraine in 2022. This marks the first public confirmation of such a specific measure being considered by the EU.