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The Economic Times
The Economic Times
National

EU to force companies to buy components from non-Chinese suppliers: Report

The ​European Union is drawing ​up plans to force companies in the bloc to ​buy critical components from at least three different suppliers in an attempt to reduce reliance on China, the Financial Times reported on Monday.

The new rules would affect ‌businesses in ⁠a handful ⁠of key sectors like chemicals and industrial machinery, the report added, citing two EU ​officials familiar with the matter.

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