As part of the Critical Raw Materials Act, the mechanism is intended to help companies secure more reliable access to critical raw materials and energy products.
The alliance members are currently meeting in The Hague to discuss raising the minimum defense spending target.
Draft proposal outlines strategy to enhance resilience and counter non-market practices.
No consulting firm has been commissioned to review project proposals yet.
Domestic industry seeks relief from China’s export curbs. Exports to Japan may be difficult to stop as they fall under a bilateral agreement.
The People’s Republic may ease its export restrictions after the two countries reached a framework agreement in their ongoing trade dispute. Impact on other countries remains unclear.