China’s new export restrictions are raising renewed alarm in Europe, with the DEFENCE INDUSTRY warning that the continent urgently needs to make its supply chains more resilient and reduce its dependence on critical raw materials.
The Aerospace, Security and Defence Industries Association of Europe (ASD) — which represents over 4,000 companies including Airbus, BAE Systems, Saab, Thales and Rheinmetall — says it is keeping a watchful eye on the NEW CHINESE MEASURES.
“We are closely monitoring the new measures and will assess their practical implications as further details emerge,” ASD spokesperson Adrian Schmitz told Euronews.
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Starting 1 December, companies linked in any way to foreign militaries will face major restrictions on