Published by Global Banking & Finance Review®
Posted on February 11, 2026
1 min readLast updated: February 11, 2026
Add as preferred source on GoogleThe EU is set to implement new procurement rules focusing on low-carbon and EU-made goods to boost local companies, as part of the Industrial Accelerator Act.
ANTWERP, Belgium, Feb 11 (Reuters) - The European Union will introduce requirements for EU-made goods and low-carbon for public procurement in a bid to favour European companies, EU Commission's president Ursula von der Leyen said on Wednesday.
"Too often, our public buyers have to take the subsidized foreign products, instead of the high-quality European alternatives. That is home-grown value we are leaving on the table," she said in a speech in Antwerp.
The requirements set on public procurement will be e a central focus of the Industrial Accelerator Act the Commission is putting forward later this month, she said.
(Reporting by Kate Abnett and Sudip Kar-Gupta, editing by Inti Landauro)
A low-carbon economy is an economic system that aims to reduce carbon emissions and environmental impact, often through the use of renewable energy sources and sustainable practices.
EU-made goods are products that are manufactured within the European Union. The EU promotes these goods to support local economies and ensure quality standards.
Local sourcing refers to the practice of obtaining goods and services from local suppliers or manufacturers rather than from distant or foreign sources, promoting local economies and reducing transportation emissions.
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