July 6, 2020

Maroto advocates relocating production in the EU and for an environmental tariff



The Minister of Industry, Commerce and Tourism, Reyes Maroto, has advocated this Friday to relocate in the European Union (EU) the production taken to other regions with the aim of recovering industrial sovereignty and rebuilding the tissue affected by the coronavirus crisis.

At the informal meeting of the heads of Industry and the Internal Market of the EU and in order to strengthen the competitiveness of the community industry, Maroto called for accelerating investments in digitization and sustainability, as well as advancing in the development of new instruments, such as the tax environmental tax (“border tax”), has reported the Ministry of Industry in a note.

The objective of this environmental tariff would be to tax the production of countries outside the Union and which are not subject to the same requirements in relation to CO2 emissions.

In addition, the minister has conveyed to her European counterparts the need to strengthen the single market, “without restrictions on trade in goods and services.”

Among the key sectors to support, tourism, automotive and aerospace, electro-intensive industries have stood out, as they are an important part of the productive capacity of the EU, as well as the pharmaceutical, chemical, food and renewable energy industries, due to their growth potential. and the generation of new jobs, according to the same source.

On the other hand, Maroto has considered that the Recovery Plan for Europe must be the result of a collective effort and has asked to analyze in detail the entire value chains in order to restore the pre-crisis levels of the covid-19, thus how to reinforce them and increase their resilience to potential new pandemics.

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