FILE PHOTO: Portugal's Prime Minister Antonio Costa speaks to the media outside European Commission building after a meeting with European Commission President Ursula von der Leyen, in Brussels, Belgium, October 15, 2020.
Olivier Hoslet/Pool via REUTERS/File PhotoLISBON (Reuters) - Rebuilding European industry and making it less reliant on China and other nations should be a priority after the coronavirus pandemic but the EU should avoid protectionist policies, Portugal’s prime minister said on Monday.
The pandemic has exposed how dependent the European Union has become on China and other countries for essential goods and this makes supply chains more vulnerable to the risk of disruption, Antonio Costa said.
“Europe cannot be totally dependent on essential goods produced outside,” Costa said during an event to outline the main priorities of Portugal’s six-month EU presidency, which starts on Jan. 1.
Part of the strategy should be to develop networks of different firms working on a European scale, he said, adding that the EU could only benefit from decentralising innovation and production chains.
Antonio Costa, Ursula von der Leyen, Olivier Hoslet, ” Costa, Costa
Portugal's, European, European Union, European Central Bank
Brussels, Belgium, LISBON, China, Europe