Stock Markets February 2, 2026

EU industry chief urges a 'Made in Europe' approach to shield regional manufacturers

Stephane Sejourne and more than 1,100 business leaders call for a formal European preference ahead of the Commission's Industrial Accelerator Act

By Ajmal Hussain
EU industry chief urges a 'Made in Europe' approach to shield regional manufacturers

On Feb 2, EU industry commissioner Stephane Sejourne published an opinion piece, co-signed by over 1,100 CEOs and business leaders, calling for a decisive 'Made in Europe' industrial policy. The piece argues the EU needs a clear preference for locally produced goods in strategic sectors as the Commission prepares to introduce the Industrial Accelerator Act later this month. The proposal seeks to bolster European industry against lower-cost imports but has split member states on its potential economic consequences.

Key Points

  • Stephane Sejourne published an opinion piece on Feb 2 calling for a 'Made in Europe' industrial strategy, co-signed by more than 1,100 CEOs and business leaders.
  • The initiative includes signatures from major firms across steel, pharmaceuticals, tyres, aviation and utilities, but car makers were absent from the signatories.
  • The call precedes the expected publication of the European Commission's Industrial Accelerator Act, which may require prioritising locally manufactured products and has divided EU member states.

Feb 2 - Europe must adopt a concerted "Made in Europe" strategy to protect its industrial base, EU industry chief Stephane Sejourne said in a newspaper article published late on Sunday and co-signed by more than 1,100 chief executives and other business leaders.

"Without an ambitious, effective and pragmatic industrial policy, the European economy is doomed to be just a playground for its competitors," Sejourne wrote in the piece that ran in newspapers across the continent. He added that Europe needs to "establish, once and for all, a genuine European preference in our most strategic sectors."

The article carried signatures from leaders across a wide swath of industries. Signatories included steelmakers ArcelorMittal, ThyssenKrupp and Tata Steel; pharmaceutical companies Novo Nordisk and Sanofi; tyre manufacturers Continental, Michelin and Pirelli; airline group Air France KLM; and French utility Engie. The list notably did not include car makers.

Sejourne's intervention comes ahead of the expected publication later this month of the European Commission's Industrial Accelerator Act, a proposal that is likely to include provisions to prioritise products manufactured within the EU.

The draft measure is framed as a means to strengthen European industries in response to cheaper imports from China. However, it has exposed divisions among member states. Some national governments, including France, are backing the idea of introducing preferences for locally produced goods. Other countries, among them Sweden and the Czech Republic, have warned that "buy local" rules could deter investment, push up prices for public tenders, and harm the EU's competitiveness on the global stage.

Sejourne framed the debate in comparative terms. "The Chinese have 'Made in China', the Americans have 'Buy American', and most other economic powers have similar schemes that give preference to their own strategic assets. So why not us?" he wrote. He also asserted that "Whenever European public money is used, it must contribute to European production and quality jobs."

The piece signals a push by the Commission's industry wing for clearer rules that would steer public spending and procurement toward strengthening domestic production across identified strategic sectors. It leaves open the scope and specifics of any such measures until the Industrial Accelerator Act is released, while highlighting the political and economic tensions they already generate among EU capitals.

Risks

  • Potential for higher prices in government procurement if 'buy local' preferences are implemented - this could affect public tenders and sectors reliant on state contracts, such as infrastructure and defence.
  • Possible deterrent to investment from countries wary of procurement preferences, which may impact foreign direct investment levels in affected industries like manufacturing and heavy industry.
  • A split among EU governments on the proposed measures could complicate consensus and implementation, introducing regulatory and political uncertainty for companies operating across member states.

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