EU's Gentiloni: Very good partnership with the US but we must support our competitiveness

Market news

17 January 2023

EU's Gentiloni: Very good partnership with the US but we must support our competitiveness

In response to the US’ "Inflation Reduction Act" (IRA), European Commissioner for Economy Paolo Gentiloni said on Tuesday that “we have to strengthen our competitiveness by streamlining state aid rules.”

Additional quotes

“We have a very good US-EU partnership.”

“We have to support our competitiveness, not start a subsidy war with the US.”

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