EU commissioner slams Europe's 'morbid dependency' on China

Image
AFP Prague
Last Updated : Apr 19 2020 | 10:32 PM IST

European Commission vice-president Vera Jourova on Sunday chided the EU for what she said was its "morbid dependency" on China and India for medical supplies, a situation highlighted by the coronavirus crisis.

"This crisis has revealed our morbid dependency on China and India as regards pharmaceuticals," Jourova said in a debate on Czech state television.

"This is something that makes us vulnerable and we have to make a radical change there," added the Czech commissioner, who is in charge of values and transparency in the Commission.

"We will reassess the (supply) chains... and try to diversify them and, ideally, produce as many things as possible in Europe," Jourova said.

"This is a big lesson we have learnt."

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 19 2020 | 10:32 PM IST

Next Story