Recently, the European Commission plans to issue the Industrial Accelerator Act, which has attracted widespread attention and is essentially a trade protection measure targeting Chinese automobiles.

The act clearly requires that auto enterprises must ensure that more than 70% of their parts are produced in the EU to obtain subsidies from EU countries and contracts from public institutions.

From the perspective of rules, this move by the EU seriously violates relevant WTO agreements is a typical "local content requirement"andblatant trade protectionismthat violatingthe principles of equal and open international trade.