This reform is part of efforts to support European companies and strengthen the core industries of the 27-country bloc, competing with China and the United States. We are talking about huge sums: public procurement in the EU is estimated at 2.6 trillion euros per year, which amounts to 15% of the entire EU GDP.
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“Public procurement is both a strategic tool and a powerful policy lever at a time when China, India, the United States, and other major countries use it to implement their industrial and economic strategies,” EU Industry Commissioner Stephane Sejourne told journalists.
