WASHINGTON, Feb 7 (Reuters) - France and Germany's economy ministers said they would push for the U.S. Inflation Reduction Act to embrace European companies as fully as possible as they headed into talks with their Washington counterparts on Tuesday.
While Canadian and Mexican companies are eligible to benefit from many of its provisions, the act does not help European competitors.
Le Maire and his German counterpart Robert Habeck, who are due to put their case to Treasury Secretary Janet Yellen, trade representative Katherine Tai and Commerce Secretary Gina Raimondo, fear European companies could be disadvantaged.
"A strong green industrial market in the U.S. and a strong green industrial market in Europe will help each other," Habeck told reporters from a noisy Washington street corner before they headed into their meetings.
Le Maire said Europe needed transparency on the exact subsidies and tax credits that were on offer to ensure "fair competition" between industries on both sides of the Atlantic.