Category: Trade

  • MIL-OSI Analysis: Zohran Mamdani’s last name reflects centuries of intercontinental trade, migration and cultural exchange

    Source: The Conversation – USA (3) – By Iqbal Akhtar, Associate Professor of Religious Studies, Florida International University

    Zohran Mamdani takes photos with union members during a campaign rally at the Hotel and Gaming Trades Council headquarters in New York on July 2, 2025. AP Photo/Richard Drew

    When Zohran Mamdani announced his candidacy for mayor of New York City, political observers noted his progressive platform and legislative record. But understanding the Democratic candidate’s background requires examining the rich cultural tapestry woven into his very surname: Mamdani.

    He takes the name from his father, Mahmood Mamdani, a prominent academic who was raised in Uganda and whose work focuses on postcolonial Uganda. I studied the history of the Khoja community for my doctoral work and have helped develop Khoja studies as an academic discipline. The Mamdani surname tells a story of migration, resilience and community-building that spans centuries and continents.

    The Khoja history

    Mamdanis in Uganda belong to the Khoja community, a South Asian Muslim merchant caste, that shaped economic development across the western Indian Ocean for centuries.

    The name originates from greater Sindh, a region in South Asia that today includes southeastern Pakistan and Kachchh in western India.

    Its etymology is twofold. Mām is an honorific title in Kachchhi and Gujarati languages, meaning kindness, courage and pride. Māmadō is a local version of the name Muhammad that often appeared in surnames in Hindu castes that converted to Islam, such as the Memons.

    The Khoja were categorized by the British in the early 19th century as “Hindoo Mussalman” because their traditions spanned both religions.

    Over time, the Khoja came to be identified only as Muslim and then primarily as Shiite Muslim. Today, the majority of Khoja are Ismaili: a branch of Shiite Islam that follows the Aga Khan as their living imam.

    The Mamdani family, however, is part of the Twelver community of Khoja, whose Twelfth Imam is believed to be hidden from the world and only emerges in times of crisis. Twelvers believe he will help usher in an age of peace during end times.

    Around the late 18th century, the Khoja helped export textiles, manufactured goods, spices and gems from the Indian subcontinent to Arabia and East Africa. Through this Western Indian Ocean trading network, they imported timber, ivory, minerals and cloves, among other goods.

    Khoja family firms were built on kinship networks and trust. They built networks of shops, communal housing and warehouses, and extended credit for thousands of miles, from Zanzibar in Tanzania to Bombay – now Mumbai – on the western coast of India.

    Cousins and brothers would send money and goods across the ocean with only a letter. The precarious nature of trade in this period meant that families also served as insurance for each other. In times of wealth, it was shared; in times of disaster, help was available.

    Khoja contributions in Africa

    The Khoja became instrumental in building the commercial infrastructure of eastern, central and southern Africa. But the Khoja contribution to the development of Africa extended far beyond trade.

    In the absence of colonial investment in public infrastructure, they helped build institutions that formed the foundation of the modern nation-states that emerged after colonization. The institutions both facilitated trade and established permanent communities.

    For example, the first dispensary and public school in Zanzibar were constructed by a Khoja magnate, Tharia Topan, who made his wealth through the ivory and clove trades. Topan eventually became so prominent that he was knighted by Queen Victoria in 1890 for his service to the British Empire in helping to end slavery in East Africa.

    The Khoja community continues to invest in East Africa. The most famous example is the Aga Khan Development Network, whose hospitals and schools operate in 30 countries. In places such as Kenya, Uganda and Tanzania, they are considered the best.

    Khoja in Uganda

    Like in other parts of Africa, the Khoja settled in Uganda as a liaison business community to develop a market to serve both African and European needs. The linguistic and cultural knowledge, developed over centuries, helped facilitate business despite the challenges of colonization.

    Ugandan President Idi Amin and his wife, Sarah, in Rome on Sept. 10, 1975.
    AP Photo

    However, in 1972, Ugandan dictator Idi Amin expelled all Asians – approximately 80,000 – forcing families like the Mamdanis into exile. These included indentured laborers, who were brought in to help build the railroad and farm during the British colonial period, and free traders, like the Mamdani family.

    Amin saw them all as the same and famously said: “Asians came to Uganda to build the railway. The railway is finished. They must leave now.”

    The experience was a bitter one. Families lost everything, and many left with only the clothes on their backs.

    Mahmood Mamdani, who came from a Khoja merchant family, was 26 when he was exiled. Yet, unlike most Ugandan Asians, he chose to go back. At Makerere University in Kampala, Uganda’s capital, Mamdani set up the Institute for Social Research, which helped to provide rigorous social science training to Ugandan researchers trying to improve their society.

    While the earlier generations of the Khoja tended to choose business or adjacent professions, such as accounting, the subsequent generations – particularly those educated in the West – embraced the knowledge economy as professionals, academics and nonprofit leaders.

    Several of Mahmood Mamdani’s generation of Khoja academics conducted path-breaking work on Afro-Asian solidarity – a way of thinking about the world beyond colonial categories, such as the category of religion as a separate domain from the secular. These scholars, such as Tanzania’s Issa Shivji and Abdul Sheriff, worked on creating solidarity among the newly independent states of the Global South.

    Mahmood Mamdani is known for his influential post-9/11 academic work, “Good Muslim, Bad Muslim,” which examined how Muslim identities are stereotyped. He argued that these identities are complex and varied, shaped by accumulated history and present experiences.

    Interfaith identity

    The Khoja community – known globally as the Khoja Shia Ithnasheri Muslim Community – has developed strong transnational connections. Today, they are concentrated in the United Kingdom, Canada, United States and France. However, Khoja can be found in almost any country in the world. In 2013, I met members of the community in Hong Kong.

    The Khoja community plays an important role in interfaith dialogue and global development initiatives. A prominent Ismaili Khoja, Eboo Patel, the founder of Interfaith America, has dedicated his life to pluralism and mutual understanding through building up civil society.

    Zohran Mamdani’s mother, acclaimed filmmaker Mira Nair, is Hindu by birth. This interfaith marriage exemplifies the flexibility, diversity and tolerance of Khoja Islam, which has historically navigated between Hindu and Islamic traditions.

    Whether Mamdani’s policies prove practical remains to be seen, but his background offers something valuable: a deep understanding of how communities build resilience across generations and geographies.

    Iqbal Akhtar does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    ref. Zohran Mamdani’s last name reflects centuries of intercontinental trade, migration and cultural exchange – https://theconversation.com/zohran-mamdanis-last-name-reflects-centuries-of-intercontinental-trade-migration-and-cultural-exchange-259967

    MIL OSI Analysis

  • NITI Aayog releases third edition of ‘Trade Watch Quarterly,’ highlights India’s trade resilience and impact of US trade policy

    Source: Government of India

    Source: Government of India (4)

    India’s trade performance in the third quarter of FY 2024–25 demonstrated cautious resilience amid rising geopolitical tensions and fluctuating global demand, according to the latest edition of Trade Watch Quarterly released by NITI Aayog on Monday.

    The third edition of the quarterly report, unveiled by NITI Aayog Member Dr. Arvind Virmani, presents a data-driven analysis of India’s trade performance during a period of international uncertainty and policy realignments.

    According to the report, India’s merchandise exports grew 3% year-on-year in Q3, reaching $108.7 billion. Imports, however, rose by a sharper 6.5% to $187.5 billion, widening the merchandise trade deficit. Despite this gap, robust growth in the services sector played a balancing role.

    Services exports surged by 17% during the quarter, generating a surplus of $52.3 billion.

    The report highlights stability in export composition, with notable gains in specialized sectors. Aircraft, spacecraft, and related parts broke into the top ten export categories for the first time, posting a year-on-year growth of over 200%.

    Regionally, North America and the European Union continued to dominate India’s export destinations, together accounting for nearly 40% of outbound shipments.

    India’s prowess in the digital space was also reinforced, with the country ranking as the world’s fifth-largest exporter of Digitally Delivered Services (DDS), accounting for $269 billion in 2024.

    Furthermore, high-tech merchandise exports, led by electrical machinery and arms/ammunition, have sustained robust momentum since 2014, growing at a compound annual growth rate of 10.6%.

    This quarter’s thematic focus analyzes the impact of evolving US trade policy, particularly shifts in tariffs. The report identifies India’s relative tariff advantage over key competitors as a strategic window to expand its footprint in the American market.

    Sectors such as pharmaceuticals, textiles, and electrical machinery are especially well-positioned to capitalize on these changes. The report stresses that timely and adaptive policymaking will be crucial in leveraging these changes to enhance India’s export competitiveness.

  • MIL-OSI Africa: Unlocking Opportunity: How India can Harness the Africa Corridor to Grow Merchandise Exports (By Shivank Goel)

    Source: APO


    .

    By Shivank Goel, an Indo-Africa Corridor Specialist at RMB (www.RMB.co.za)

    At GTR Africa 2025, a diverse panel of experts – including representatives from the Reserve Bank of India’s research wing, MSME chambers and leading financial institutions – explored the question of how India can double its export trade to reach the government’s target of $2 trillion by 2030. In 2024, India’s exports of goods and services were estimated at over $800 billion, up 5.6% year on year. Yet services continue to outpace goods, with an eight-percentage-point lead in growth.

    For India to achieve a more balanced export profile and reach its national targets, boosting merchandise exports is imperative. Africa stands out as a significant factor in helping India achieve its ambitious goals, particularly as a market for Indian merchandise exports. Financial institutions have a substantial role to play in supporting this trade and unlocking the opportunities within the India-Africa corridor.

    A growth market with strategic alignment 

    Africa is home to some of the fastest-growing economies in the world. Across sectors such as infrastructure, pharmaceuticals, automotive components, agriculture, and consumer goods, Indian products are already gaining traction. Shared cultural and historical ties, a largely English-speaking business environment, and similar developmental goals in education, technology, healthcare, and infrastructure position the two regions as natural trade partners. 

    With the establishment of the African Continental Free Trade Area (AfCFTA), Africa is poised to become more integrated with an addressable market of 1.2 billion people, $3.4 trillion in GDP, and reduced intra-continental tariffs. This transforms the way Indian exporters can approach the region, moving from fragmented country-specific strategies to viewing Africa as a unified, high-growth destination, not only for trade but also for embedding into the region as a way to participate in the global value chain.

    Financial and structural hurdles to overcome 

    Although this opportunity is promising, Indian exporters, particularly micro, small and medium enterprises (MSMEs), face several challenges in navigating African markets. One of the most significant hurdles is logistical complexity, including infrastructure constraints in certain regions, which can disrupt supply chains and increase the cost and time of moving goods across borders.

    Another key concern is partner and counterparty risk. In many cases, assessing the creditworthiness of potential trading partners is difficult, and this uncertainty can deter Indian firms from entering new markets. Exporters must also contend with foreign exchange volatility and concerns about the timely and secure repatriation of funds, which can further complicate trade with certain African countries.

    In addition, many exporters – particularly newer or smaller firms – struggle to access the working capital and trade finance required to scale operations or explore new markets. These financing gaps can limit their ability to take advantage of the growing opportunities presented by Africa’s expanding consumer base and regional trade integration.

    Overcoming these barriers requires a holistic financial approach that combines a deep understanding of local markets with tailored credit solutions, risk mitigation tools, and long-term partnership models.

    Digitisation is a critical enabler of trade finance 

    As global trade becomes increasingly volatile due to shifting tariffs, regulatory uncertainty, and tightening cycles, efficiency and agility are critical. Digital transformation plays a pivotal role in reducing costs and improving access to finance.

    Innovations such as e-bills of lading, blockchain-based guarantees, and the use of machine learning and AI for document verification and compliance checks can reduce delays and human error in cross-border trade processes. While traditional trade finance cycles can take 60 to 90 days, digital solutions allow exporters to respond quickly to market changes and manage cash flow more effectively.

    Banks and financiers investing in African-led digitisation efforts are well placed to support Indian exporters entering or expanding in the region. By building digital platforms that align with local regulatory environments and business norms, financial partners can help unlock a new era of trade connectivity between the two regions. 

    Leveraging AfCFTA for regional and global value chains 

    One of the most powerful tools available to Indian exporters is the ability to use Africa not just as an end market but also as a base for regional and global value chain participation. With AfCFTA aiming to eliminate trade barriers between African nations, a company that invests or establishes operations in one country could potentially access the entire continent tariff-free. 

    This opens new opportunities to move up the value chain through manufacturing, technology transfer, and joint ventures that foster local capacity while increasing India’s global trade footprint. It also encourages long-term thinking and investment in the corridor, for shared prosperity, rather than short-term export opportunism. 

    The need for skills and inclusive innovation 

    Export growth cannot happen in a vacuum. Both India and Africa need to invest in upskilling and reskilling their workforces, particularly in fields like engineering, logistics, manufacturing, and infrastructure. Encouraging more people to pursue careers in these sectors is essential in building long-term trade resilience. 

    Technology must be made accessible and inclusive, with tools and training offered in local languages and tailored to diverse educational backgrounds. The goal is not to replace people with machines, but to empower people to work more effectively with technology, enhancing efficiency, accuracy, and productivity, particularly in the areas of financing and trade compliance. 

    The role of diplomacy 

    India’s growing diplomatic and economic engagement with Africa is already yielding results. During its presidency of the G20 in 2023, India championed the inclusion of the African Union as a permanent member, highlighting its ambition to serve as a voice for the Global South. 

    Today, India is collaborating with African nations on digital infrastructure, payment platforms, energy projects, naval cooperation, and more. From tech stack adoption in countries like Ghana and Angola, to partnerships between Indian public sector firms and African energy providers, the bilateral relationship is rapidly deepening. 

    To accelerate trade, policy frameworks on both sides must evolve to support openness, competition, and innovation. Incentives for exporters, joint R&D investments, streamlined customs procedures, and predictable regulations will all play a critical role. 

    Building a corridor for shared prosperity 

    The India–Africa trade corridor represents one of the most promising frontiers for growing Indian merchandise exports in the coming decade. The geopolitical environment is increasingly supportive, and there is significant scale and numerous synergies that can be leveraged for expansion.  

    By investing in digital transformation, financial access, skills development, and long-term policy alignment, stakeholders across the trade ecosystem, from governments and banks to MSMEs and large corporates, can build a corridor that delivers shared growth and resilience. Africa is not just a market to be tapped; it has the potential to become a strategic partner for India in shaping the future of global trade. 

    Distributed by APO Group on behalf of Rand Merchant Bank.

    About the Author:
    Shivank Goel is an Indo-Africa Corridor Specialist at RMB. He was a panellist at GTR Africa 2025, contributing to the discussion on policy and finance strategies to accelerate India’s merchandise exports and strengthen the India–Africa trade corridor. 

    MIL OSI Africa

  • MIL-OSI: OTC Markets Group Welcomes Singapore Exchange Ltd. to OTCQX

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 14, 2025 (GLOBE NEWSWIRE) — OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Singapore Exchange Ltd. (SGX: S68; OTCQX: SPXCY, SPXCF), Asia’s most international multi-asset exchange operating equity, fixed income, currency and commodity markets, has qualified to trade on the OTCQX® Best Market.

    Singapore Exchange Ltd. begins trading today on OTCQX under the symbols “SPXCY, SPXCF.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

    Singapore Exchange Ltd.’s move to the OTCQX Market underscores the importance of providing transparent and accessible trading for U.S. investors. International companies and exchanges trading on OTCQX meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws.

    “We are excited to welcome Singapore Exchange Ltd. to the growing roster of international exchanges trading on the OTCQX Market,” said Jason Paltrowitz, OTC Markets EVP of Corporate Services. “This demonstrates our shared commitment to helping Asia-based companies leverage their home market listing to gain access to the U.S. through expanded cross-trading opportunities.”

    “As SGX expands its footprint in the U.S., with a rising share of our derivatives products traded during U.S. and European hours, we’ve seen growing interest from U.S.-based investors,” said Daniel Koh, Chief Financial Officer of Singapore Exchange (SGX Group). “Trading SGX shares on the OTCQX Market will further enhance our visibility and make it easier for U.S. investors to participate in our growth story. As a leading international multi-asset exchange headquartered in AAA-rated Singapore, we will continue to enhance liquidity across our pan-Asian products to meet the increasing global demand for Asian exposure.”

    About Singapore Exchange Ltd. (SGX Group)
    SGX Group seeks to serve as the world’s most trusted and efficient international marketplace, operating equity, fixed income, currency and commodity markets to the highest regulatory standards. As one ecosystem with global relevance and influence, we offer multiple growth avenues to our stakeholders through listing, trading, clearing, settlement, depository, data and index services. We are committed to lead on climate action by developing a world-class transition financing and trading hub through SGX FIRST (Future in Reshaping Sustainability Together), our multi-asset sustainability platform. Headquartered in AAA-rated Singapore, we are globally recognised for our risk-management and clearing capabilities. Find out more at www.sgxgroup.com.

    About OTC Markets Group Inc.
    OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our public markets: OTCQX® Best Market, OTCQB® Venture Market, OTCID™ Basic Market and Pink Limited™ Market. Our OTC Link® Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to the U.S. financial markets.

    OTC Link ATS, OTC Link ECN, OTC Link NQB, and MOON ATS™ are each SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC. To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.

    Subscribe to the OTC Markets RSS Feed

    Media Contact:
    OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com

    The MIL Network

  • MIL-OSI: OTC Markets Group Welcomes Singapore Exchange Ltd. to OTCQX

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 14, 2025 (GLOBE NEWSWIRE) — OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Singapore Exchange Ltd. (SGX: S68; OTCQX: SPXCY, SPXCF), Asia’s most international multi-asset exchange operating equity, fixed income, currency and commodity markets, has qualified to trade on the OTCQX® Best Market.

    Singapore Exchange Ltd. begins trading today on OTCQX under the symbols “SPXCY, SPXCF.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

    Singapore Exchange Ltd.’s move to the OTCQX Market underscores the importance of providing transparent and accessible trading for U.S. investors. International companies and exchanges trading on OTCQX meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws.

    “We are excited to welcome Singapore Exchange Ltd. to the growing roster of international exchanges trading on the OTCQX Market,” said Jason Paltrowitz, OTC Markets EVP of Corporate Services. “This demonstrates our shared commitment to helping Asia-based companies leverage their home market listing to gain access to the U.S. through expanded cross-trading opportunities.”

    “As SGX expands its footprint in the U.S., with a rising share of our derivatives products traded during U.S. and European hours, we’ve seen growing interest from U.S.-based investors,” said Daniel Koh, Chief Financial Officer of Singapore Exchange (SGX Group). “Trading SGX shares on the OTCQX Market will further enhance our visibility and make it easier for U.S. investors to participate in our growth story. As a leading international multi-asset exchange headquartered in AAA-rated Singapore, we will continue to enhance liquidity across our pan-Asian products to meet the increasing global demand for Asian exposure.”

    About Singapore Exchange Ltd. (SGX Group)
    SGX Group seeks to serve as the world’s most trusted and efficient international marketplace, operating equity, fixed income, currency and commodity markets to the highest regulatory standards. As one ecosystem with global relevance and influence, we offer multiple growth avenues to our stakeholders through listing, trading, clearing, settlement, depository, data and index services. We are committed to lead on climate action by developing a world-class transition financing and trading hub through SGX FIRST (Future in Reshaping Sustainability Together), our multi-asset sustainability platform. Headquartered in AAA-rated Singapore, we are globally recognised for our risk-management and clearing capabilities. Find out more at www.sgxgroup.com.

    About OTC Markets Group Inc.
    OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our public markets: OTCQX® Best Market, OTCQB® Venture Market, OTCID™ Basic Market and Pink Limited™ Market. Our OTC Link® Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to the U.S. financial markets.

    OTC Link ATS, OTC Link ECN, OTC Link NQB, and MOON ATS™ are each SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC. To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.

    Subscribe to the OTC Markets RSS Feed

    Media Contact:
    OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com

    The MIL Network

  • Indian investors flock to silver as returns overtake those from gold

    Source: Government of India

    Source: Government of India (4)

    Indian investors, traditionally obsessed with stockpiling gold, are increasingly turning to silver, which was trading near a 14-year high on Monday, as its returns this year outpaced those of gold.

    Imports fill most of the demand in the world’s largest consumer of silver, where domestic prices touched a record high of 114,875 rupees ($1,336) a kg as a production shortfall spurred investors’ hopes for a further rally.

    “Gold’s done pretty well for me over the last couple of years,” said Umesh Agarwal, a regular buyer of gold coins, who recently made his first purchase of a one-kilogram bar of silver.

    “Now I’m hoping silver follows the same path and gives similar returns.”

    Domestic prices of silver have risen 21% in the past three months, outstripping a rise of 5% in gold, as opposed to the scenario of the past year, when gold prices surged 34%, compared to a rise of 23% in silver.

    The appetite for silver is driven both by investment and industry needs in areas such as solar energy and electric vehicles, outpacing production, said Chirag Thakkar, chief executive of Amrapali Group Gujarat, a leading silver importer.

    “Usually, investors cash in when prices hit record highs, offloading coins and bars or pulling out of exchange-traded funds (ETFs),” he added.

    “However, this time, even at record highs, people are investing, rather than selling.”

    Silver ETFs attracted inflows of a record 20.04 billion rupees in June, up from 8.53 billion in May, data from the Association of Mutual Funds in India showed.

    In the June quarter, silver ETFs attracted inflows of 39.25 billion rupees, far outpacing the 23.67 billion flowing into gold ETFs.

    Such ETFs offer investors a convenient way to gain exposure to silver, which is heavy and costly to store and transport, said Vikram Dhawan, head of commodities and fund manager at Nippon India Mutual Fund, which manages metal ETFs.

    Volatility in equity markets following U.S. President Donald Trump’s tariffs has also pushed investors to diversify, said a Mumbai-based bullion dealer with a silver importing bank.

    Traditionally the choice of budget-conscious rural consumers, silver is increasingly attracting urban buyers as an investment, the dealer added.

    Indian retail investment demand rose 7% in the first half of 2025 on the year, fuelled by expectations of a price rally, the Silver Institute said this month.

    Silver imports jumped 431% in May on the year to 544.1 tons, while gold imports fell 25% to 30.5 tons, trade ministry data showed.

    (Reuters)

  • MIL-OSI: Enerflex Ltd. Announces Extension of Revolving Credit Facility and Timing of Second Quarter Release

    Source: GlobeNewswire (MIL-OSI)

    All amounts presented in this release are in U.S. Dollar (“USD”) unless otherwise stated.

    CALGARY, Alberta, July 14, 2025 (GLOBE NEWSWIRE) — Enerflex Ltd. (TSX: EFX) (NYSE: EFXT) (“Enerflex” or the “Company”) is pleased to announce that the Company has entered into an amended and restated credit agreement dated July 11, 2025 with respect to its syndicated secured revolving credit facility (the “RCF”). The maturity date of the RCF has been extended by three years to July 11, 2028 and availability is unchanged at $800 million. As at March 31, 2025, the Company had drawn $117 million on its RCF. Led by the Royal Bank of Canada as agent, Enerflex received renewed lending commitments from all current syndicate members.

    The Company also continues to maintain a $70 million unsecured credit facility (the “LC Facility”) with one of the lenders in its RCF syndicate. The LC Facility is supported by performance security guarantees provided by Export Development Canada.

    Joe Ladouceur, Enerflex’s CFO (Interim), commented, “We appreciate the strong support and continued partnership from our lending syndicate. The renewal of the RCF provides Enerflex with strong liquidity and improved terms, supporting efforts to deliver long-term growth and value creation for Enerflex shareholders.

    Enerflex’s near-term priorities remain unchanged and include: (1) enhancing the profitability of core operations; (2) leveraging the Company’s leading position in core operating countries to capitalize on expected increases in natural gas and produced water volumes; and (3) maximizing free cash flow to further strengthen Enerflex’s financial position, provide direct shareholder returns, and invest in selective customer supported growth opportunities.”

    Q2 Earnings Release

    Enerflex plans to release its financial results and operating highlights for the three and six months ended June 30, 2025, prior to the markets opening on Thursday, August 7, 2025. Results will be communicated by news release and will be available on the Company’s website at www.enerflex.com and under the electronic profile of the Company on SEDAR+ and EDGAR at www.sedarplus.ca and www.sec.gov/edgar, respectively.

    Investors, analysts, members of the media, and other interested parties, are invited to listen to or participate in a conference call and audio webcast on Thursday, August 7, 2025 at 8:00 a.m. (MDT), where members of senior management will discuss the Company’s results. A question-and-answer period will follow.

    Those wishing to listen or participate may register at https://register-conf.media-server.com/register/BI5f86b18a965d4257a4408154efdc3493. Once registered, participants will receive the dial-in numbers and a unique PIN to enter the call. The audio webcast of the conference call will be available on the Enerflex website at www.enerflex.com under the Investors section or can be accessed directly at https://edge.media-server.com/mmc/p/b7388nss/.

    ADVISORY REGARDING FORWARD-LOOKING INFORMATION

    This news release contains “forward-looking information” within the meaning of applicable Canadian securities laws and “forward-looking statements” (and together with “forward-looking information”, “FLI”) within the meaning of the safe harbor provisions of the US Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are FLI. The use of any of the words “efforts”, “expected”, “may”, “plan”, “will”, and similar expressions, are intended to identify FLI. In particular, this news release includes (without limitation) FLI pertaining to the Company’s (i) continuing efforts to deliver long-term growth and value creation for Enerflex shareholders and the nature and success of such efforts, if at all; (ii) expectations for increases in natural gas and produced water volumes and the ability of the Company to capitalize on these increases; (iii) ability to continue to deliver direct shareholder returns; and (iv) expectation to release its financial results and operating highlights for the three and six months ended June 30, 2025, prior to the markets opening on Thursday, August 7, 2025.

    FLI reflects management’s current beliefs and assumptions with respect to such things as the impact of general economic conditions; commodity prices; the markets in which Enerflex’s products and services are used; general industry conditions, forecasts, and trends; changes to, and introduction of new, governmental regulations, laws, and income taxes; increased competition; availability of qualified personnel; political unrest and geopolitical conditions; and other factors, many of which are beyond the control of Enerflex. More specifically, Enerflex’s expectations in respect of its FLI are based on a number of assumptions, estimates and projections developed based on past experience and anticipated trends and, in respect of increases in natural gas and produced water volumes, industry third party data. As a result of the foregoing, actual results, performance, or achievements of Enerflex could differ and such differences could be material from those expressed in, or implied by, the FLI. The principal risks, uncertainties and other factors affecting Enerflex and its business are identified under the heading “Risk Factors” in: (i) Enerflex’s Annual Information Form for the year ended December 31, 2024, dated February 27, 2025; and (ii) Enerflex’s Annual Report dated February 26, 2025, copies of which are available under the electronic profile of the Company on SEDAR+ and EDGAR at www.sedarplus.ca and www.sec.gov/edgar, respectively.

    Readers are cautioned that the foregoing list of assumptions and risk factors should not be construed as exhaustive. The FLI included in this news release are made as of the date of this news release and are based on the information available to the Company at such time and, other than as required by law, Enerflex disclaims any intention or obligation to update or revise any FLI, whether as a result of new information, future events, or otherwise. This news release and its contents should not be construed, under any circumstances, as investment, tax, or legal advice.

    ABOUT ENERFLEX

    Enerflex is a premier integrated global provider of energy infrastructure and energy transition solutions, deploying natural gas, low-carbon, and treated water solutions – from individual, modularized products and services to integrated custom solutions. With over 4,600 engineers, manufacturers, technicians, and innovators, Enerflex is bound together by a shared vision: Transforming Energy for a Sustainable Future. The Company remains committed to the future of natural gas and the critical role it plays, while focused on sustainability offerings to support the energy transition and growing decarbonization efforts.

    Enerflex’s common shares trade on the Toronto Stock Exchange under the symbol “EFX” and on the New York Stock Exchange under the symbol “EFXT”. For more information about Enerflex, visit www.enerflex.com.

    For investor and media enquiries, contact:

    Preet S. Dhindsa
    President and Chief Executive Officer (Interim)
    E-mail: PDhindsa@enerflex.com

    Joe Ladouceur
    Chief Financial Officer (Interim)
    E-mail: JLadouceur@enerflex.com

    Jeff Fetterly
    Vice President, Corporate Development and Capital Markets
    E-mail: JFetterly@enerflex.com

    The MIL Network

  • MIL-OSI: Enerflex Ltd. Announces Extension of Revolving Credit Facility and Timing of Second Quarter Release

    Source: GlobeNewswire (MIL-OSI)

    All amounts presented in this release are in U.S. Dollar (“USD”) unless otherwise stated.

    CALGARY, Alberta, July 14, 2025 (GLOBE NEWSWIRE) — Enerflex Ltd. (TSX: EFX) (NYSE: EFXT) (“Enerflex” or the “Company”) is pleased to announce that the Company has entered into an amended and restated credit agreement dated July 11, 2025 with respect to its syndicated secured revolving credit facility (the “RCF”). The maturity date of the RCF has been extended by three years to July 11, 2028 and availability is unchanged at $800 million. As at March 31, 2025, the Company had drawn $117 million on its RCF. Led by the Royal Bank of Canada as agent, Enerflex received renewed lending commitments from all current syndicate members.

    The Company also continues to maintain a $70 million unsecured credit facility (the “LC Facility”) with one of the lenders in its RCF syndicate. The LC Facility is supported by performance security guarantees provided by Export Development Canada.

    Joe Ladouceur, Enerflex’s CFO (Interim), commented, “We appreciate the strong support and continued partnership from our lending syndicate. The renewal of the RCF provides Enerflex with strong liquidity and improved terms, supporting efforts to deliver long-term growth and value creation for Enerflex shareholders.

    Enerflex’s near-term priorities remain unchanged and include: (1) enhancing the profitability of core operations; (2) leveraging the Company’s leading position in core operating countries to capitalize on expected increases in natural gas and produced water volumes; and (3) maximizing free cash flow to further strengthen Enerflex’s financial position, provide direct shareholder returns, and invest in selective customer supported growth opportunities.”

    Q2 Earnings Release

    Enerflex plans to release its financial results and operating highlights for the three and six months ended June 30, 2025, prior to the markets opening on Thursday, August 7, 2025. Results will be communicated by news release and will be available on the Company’s website at www.enerflex.com and under the electronic profile of the Company on SEDAR+ and EDGAR at www.sedarplus.ca and www.sec.gov/edgar, respectively.

    Investors, analysts, members of the media, and other interested parties, are invited to listen to or participate in a conference call and audio webcast on Thursday, August 7, 2025 at 8:00 a.m. (MDT), where members of senior management will discuss the Company’s results. A question-and-answer period will follow.

    Those wishing to listen or participate may register at https://register-conf.media-server.com/register/BI5f86b18a965d4257a4408154efdc3493. Once registered, participants will receive the dial-in numbers and a unique PIN to enter the call. The audio webcast of the conference call will be available on the Enerflex website at www.enerflex.com under the Investors section or can be accessed directly at https://edge.media-server.com/mmc/p/b7388nss/.

    ADVISORY REGARDING FORWARD-LOOKING INFORMATION

    This news release contains “forward-looking information” within the meaning of applicable Canadian securities laws and “forward-looking statements” (and together with “forward-looking information”, “FLI”) within the meaning of the safe harbor provisions of the US Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are FLI. The use of any of the words “efforts”, “expected”, “may”, “plan”, “will”, and similar expressions, are intended to identify FLI. In particular, this news release includes (without limitation) FLI pertaining to the Company’s (i) continuing efforts to deliver long-term growth and value creation for Enerflex shareholders and the nature and success of such efforts, if at all; (ii) expectations for increases in natural gas and produced water volumes and the ability of the Company to capitalize on these increases; (iii) ability to continue to deliver direct shareholder returns; and (iv) expectation to release its financial results and operating highlights for the three and six months ended June 30, 2025, prior to the markets opening on Thursday, August 7, 2025.

    FLI reflects management’s current beliefs and assumptions with respect to such things as the impact of general economic conditions; commodity prices; the markets in which Enerflex’s products and services are used; general industry conditions, forecasts, and trends; changes to, and introduction of new, governmental regulations, laws, and income taxes; increased competition; availability of qualified personnel; political unrest and geopolitical conditions; and other factors, many of which are beyond the control of Enerflex. More specifically, Enerflex’s expectations in respect of its FLI are based on a number of assumptions, estimates and projections developed based on past experience and anticipated trends and, in respect of increases in natural gas and produced water volumes, industry third party data. As a result of the foregoing, actual results, performance, or achievements of Enerflex could differ and such differences could be material from those expressed in, or implied by, the FLI. The principal risks, uncertainties and other factors affecting Enerflex and its business are identified under the heading “Risk Factors” in: (i) Enerflex’s Annual Information Form for the year ended December 31, 2024, dated February 27, 2025; and (ii) Enerflex’s Annual Report dated February 26, 2025, copies of which are available under the electronic profile of the Company on SEDAR+ and EDGAR at www.sedarplus.ca and www.sec.gov/edgar, respectively.

    Readers are cautioned that the foregoing list of assumptions and risk factors should not be construed as exhaustive. The FLI included in this news release are made as of the date of this news release and are based on the information available to the Company at such time and, other than as required by law, Enerflex disclaims any intention or obligation to update or revise any FLI, whether as a result of new information, future events, or otherwise. This news release and its contents should not be construed, under any circumstances, as investment, tax, or legal advice.

    ABOUT ENERFLEX

    Enerflex is a premier integrated global provider of energy infrastructure and energy transition solutions, deploying natural gas, low-carbon, and treated water solutions – from individual, modularized products and services to integrated custom solutions. With over 4,600 engineers, manufacturers, technicians, and innovators, Enerflex is bound together by a shared vision: Transforming Energy for a Sustainable Future. The Company remains committed to the future of natural gas and the critical role it plays, while focused on sustainability offerings to support the energy transition and growing decarbonization efforts.

    Enerflex’s common shares trade on the Toronto Stock Exchange under the symbol “EFX” and on the New York Stock Exchange under the symbol “EFXT”. For more information about Enerflex, visit www.enerflex.com.

    For investor and media enquiries, contact:

    Preet S. Dhindsa
    President and Chief Executive Officer (Interim)
    E-mail: PDhindsa@enerflex.com

    Joe Ladouceur
    Chief Financial Officer (Interim)
    E-mail: JLadouceur@enerflex.com

    Jeff Fetterly
    Vice President, Corporate Development and Capital Markets
    E-mail: JFetterly@enerflex.com

    The MIL Network

  • MIL-OSI Asia-Pac: Sydney ETO supports music tour of Hong Kong Children’s Choir (with photos)

    Source: Hong Kong Government special administrative region – 4

         The Hong Kong Economic and Trade Office, Sydney (Sydney ETO) supported the Hong Kong Children’s Choir (HKCC) in presenting a series of performances and cultural exchange programmes across Australia and New Zealand in July to promote Hong Kong’s vibrant art and culture scene and showcase the artistic excellence of Hong Kong’s youth.
     
         Following its previous appearance in Australia in 2017, the HKCC commenced its concert tour in Hobart, Australia, where it participated as the guest choir at the “Festival of Voices” from July 3 to 7. The tour continued with a charity concert in Sydney on July 9, in support of CanRevive’s cancer support service. The tour concluded in Auckland, New Zealand, with two performances: the “Dreams to Dream” concert yesterday (July 11) and the “Echoes of Culture” choral concert today (July 12).
     
         To mark the Sydney leg of the tour, the Sydney ETO hosted a pre-performance reception at Hong Kong House on July 9. About 100 guests from various sectors, including leaders from the local arts and cultural community, politicians and business leaders attended the event.
     
         In his welcoming remarks, the Director of the Sydney ETO, Mr Ricky Chong, welcomed the HKCC and highlighted the longstanding ties between Hong Kong and Australia. “Events like these resonate far beyond the concert hall. They remind us that our relationships are not only built on trade and economic exchange, but also on shared values, artistic collaboration, and community spirit,” he said.
     
         Mr Chong said that the National 14th Five-Year Plan has expressed clear support for Hong Kong to develop into an East-meets-West centre for international cultural exchange. The Government is committed to further strengthening Hong Kong’s role as Asia’s events capital. “With the official opening of the state-of-the-art Kai Tak Sports Park, we are welcoming a diverse array of large-scale international events, from major concerts and rugby matches to world-class football,” he added.
     
         In celebration of the HKCC’s debut visit to New Zealand, the Sydney ETO also hosted a pre-performance reception yesterday (July 11) ahead of the “Dreams to Dream” concert in Auckland, further fostering cultural exchanges between Hong Kong and New Zealand.
     
         Founded in 1969, the HKCC has grown into a diversified arts organisation for children. The HKCC has gained international acclaim for its performances and is widely recognised as one of the world’s leading children’s choirs.

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Sydney ETO supports music tour of Hong Kong Children’s Choir (with photos)

    Source: Hong Kong Government special administrative region – 4

         The Hong Kong Economic and Trade Office, Sydney (Sydney ETO) supported the Hong Kong Children’s Choir (HKCC) in presenting a series of performances and cultural exchange programmes across Australia and New Zealand in July to promote Hong Kong’s vibrant art and culture scene and showcase the artistic excellence of Hong Kong’s youth.
     
         Following its previous appearance in Australia in 2017, the HKCC commenced its concert tour in Hobart, Australia, where it participated as the guest choir at the “Festival of Voices” from July 3 to 7. The tour continued with a charity concert in Sydney on July 9, in support of CanRevive’s cancer support service. The tour concluded in Auckland, New Zealand, with two performances: the “Dreams to Dream” concert yesterday (July 11) and the “Echoes of Culture” choral concert today (July 12).
     
         To mark the Sydney leg of the tour, the Sydney ETO hosted a pre-performance reception at Hong Kong House on July 9. About 100 guests from various sectors, including leaders from the local arts and cultural community, politicians and business leaders attended the event.
     
         In his welcoming remarks, the Director of the Sydney ETO, Mr Ricky Chong, welcomed the HKCC and highlighted the longstanding ties between Hong Kong and Australia. “Events like these resonate far beyond the concert hall. They remind us that our relationships are not only built on trade and economic exchange, but also on shared values, artistic collaboration, and community spirit,” he said.
     
         Mr Chong said that the National 14th Five-Year Plan has expressed clear support for Hong Kong to develop into an East-meets-West centre for international cultural exchange. The Government is committed to further strengthening Hong Kong’s role as Asia’s events capital. “With the official opening of the state-of-the-art Kai Tak Sports Park, we are welcoming a diverse array of large-scale international events, from major concerts and rugby matches to world-class football,” he added.
     
         In celebration of the HKCC’s debut visit to New Zealand, the Sydney ETO also hosted a pre-performance reception yesterday (July 11) ahead of the “Dreams to Dream” concert in Auckland, further fostering cultural exchanges between Hong Kong and New Zealand.
     
         Founded in 1969, the HKCC has grown into a diversified arts organisation for children. The HKCC has gained international acclaim for its performances and is widely recognised as one of the world’s leading children’s choirs.

    MIL OSI Asia Pacific News

  • MIL-OSI Europe: Text adopted – Product safety and regulatory compliance in e-commerce and non-EU imports – P10_TA(2025)0154 – Wednesday, 9 July 2025 – Strasbourg

    Source: European Parliament

    The European Parliament,

    –  having regard to the report of 31 March 2022 by the Wise Persons Group on the Reform of the EU Customs Union entitled ‘Putting More Union in the European Customs: Ten proposals to make the EU Customs Union fit for a Geopolitical Europe’,

    –  having regard to its position of 13 March 2024 on the proposal for a regulation of the European Parliament and of the Council establishing the Union Customs Code and the European Union Customs Authority, and repealing Regulation (EU) No 952/2013(1),

    –  having regard to the Commission communication of 5 February 2025 entitled ‘A comprehensive EU toolbox for safe and sustainable e-commerce’ (COM(2025(0037),

    –  having regard to Regulation (EU) 2024/3015 of the European Parliament and of the Council of 27 November 2024 on prohibiting products made with forced labour on the Union market and amending Directive (EU) 2019/1937(2),

    –  having regard to Directive (EU) 2024/1760 of the European Parliament and of the Council of 13 June 2024 on corporate sustainability due diligence and amending Directive (EU) 2019/1937 and Regulation (EU) 2023/2859(3),

    –  having regard to the report of April 2024 by Enrico Letta entitled ‘Much more than a market: Speed, Security, Solidarity – Empowering the Single Market to deliver a sustainable future and prosperity for all EU Citizens’(4),

    –  having regard to Rule 55 of its Rules of Procedure,

    –  having regard to the opinion of the Committee on International Trade,

    –  having regard to the report of the Committee on the Internal Market and Consumer Protection (A10-0133/2025),

    A.  whereas e-commerce has transformed how consumers purchase and engage with businesses worldwide, unlocking unprecedented opportunities; whereas e-commerce presents significant challenges to the EU’s competitiveness and raises concerns over consumer rights and health and safety, particularly as certain product categories raise urgent concerns regarding their impact on vulnerable consumer groups; whereas it has an environmental impact, particularly through increased waste generation and carbon emissions resulting from transportation and logistics; whereas e-commerce has an impact on retailers’ attractiveness and therefore contributes to the hollowing out of city centres; whereas e-commerce also has social implications, particularly concerning working conditions in the warehousing and delivery sector;

    B.  whereas over 75 % of EU consumers shop online; whereas the continued growth of e-commerce enhances consumer access, quality and price competition; whereas e-commerce lowers market entry barriers for small and medium-sized enterprises (SMEs) and entrepreneurs, fosters digital inclusion, supports underserved communities, and contributes to innovation, productivity and economic growth across the single market;

    C.  whereas, with the surge in e-commerce imports, mainly coming from China, non-compliant sellers evading regulatory costs and undermining law-abiding businesses through means such as counterfeiting, have intensified unfair competition; whereas there is an urgent need to re-establish a level playing field for all businesses, especially SMEs; whereas it is crucial to ensure that enforcement efforts are adequately funded and equipped at both national and EU level, while avoiding excessive delegation of enforcement responsibilities to private actors;

    D.  whereas European companies, namely SMEs, must comply with strict regulations and compete on an unlevel playing field with non-EU e-commerce platforms that avoid these obligations; whereas European companies dedicate material and human resources to ensure regulatory compliance, assuming significant administrative and financial burdens;

    E.  whereas certain non-EU companies fail to comply with European data protection regulations, which guarantee a high level of privacy for consumers, by engaging in consumer profiling practices using personal data; whereas enhanced enforcement and cooperation is required to ensure consistent privacy protections for all consumers;

    F.  whereas Commission President Ursula von der Leyen, in her 2024-2029 political guidelines, referred to the need to tackle challenges with online platforms to ensure that consumers and businesses alike benefit from a level playing field based on effective customs, tax and safety controls and sustainability standards, and tasked several Executive Vice-Presidents and Commissioners with fulfilling that mission;

    G.  whereas the process of adapting the EU acquis to the online environment began several years ago, and numerous laws on products, consumer protection and product safety now include provisions to ensure robust safeguards in the digital landscape; whereas, notwithstanding these efforts, critical shortcomings persist in empowering authorities to hold the full supply chain accountable and ensure consumer protection, which need to be urgently addressed;

    H.  whereas the Digital Services Act(5) (DSA), the General Product Safety Regulation(6) (GPSR), the Market Surveillance Regulation(7) (MSR) and the Consumer Protection Cooperation Regulation (CPC)(8) contribute to a safer and fair e-commerce environment, if well implemented and enforced; whereas, despite these laws, consumer and other organisations, as well as national authorities, have raised concerns over the large number of unsafe products detected in the EU that fail to comply with EU legislation on product safety and environmental and chemical standards; whereas better funding of and coordination among Member States’ enforcement authorities are essential to address these risks effectively;

    I.  whereas e-commerce may significantly impact consumers by providing them with unparalleled convenience, access to diverse products and competitive pricing; whereas e-commerce also exposes consumers to risks such as unsafe products, a lack of transparency and manipulative practices that exploit their vulnerabilities;

    J.  whereas the protection of consumers is essential to the functioning of the EU’s internal market, as it ensures trust and fairness in commercial practices, thereby enabling sustainable economic growth and innovation; whereas addressing these concerns is important in promoting transparency, fairness and the responsible development of digital services and e-commerce;

    K.  whereas people from more disadvantaged socio-economic backgrounds, including low-income families and children, are more exposed to the risks posed by unsafe products due to their lower prices, aggressive marketing and widespread distribution;

    L.  whereas concerns over the suitability of customs procedures under the current Union Customs Code(9) for e-commerce were a significant driver of the Commission’s customs reform package, including the legislative proposals on the revision of the Union Customs Code and establishing an EU Customs Authority (UCC reform), and the removal of the EUR 150 exemption threshold (de minimis) for the payment of customs duties and VAT on imported products;

    M.  whereas customs authorities are in need of substantial investments, particularly to ensure a sufficient number of properly trained staff to guarantee the functioning of EU customs systems, which are facing an exponential increase in demand for customs checks; whereas without the necessary investments in staff, digital solutions cannot achieve benefits in terms of efficiency and harmonisation;

    N.  whereas advanced screening technologies, such as artificial intelligence and blockchain, could significantly enhance the capacity of customs and market surveillance authorities to flag high-risk shipments and automate compliance checks at scale; whereas investment in such technologies remains fragmented and uneven across Member States; whereas increased EU-level funding, coordination and efforts to ensure interoperability are essential to accelerate their deployment and improve the overall efficiency and effectiveness of enforcement mechanisms;

    O.  whereas digital tools, such as artificial intelligence and the internet of things, can help track non-compliant products, but must respect consumer privacy and must not lead to the general monitoring of users;

    P.  whereas the Commission communication of 5 February 2025 on a comprehensive EU toolbox for safe and sustainable e-commerce, highlights that the volume of e-commerce goods bought by EU consumers on non-EU online platforms is expected to continue growing rapidly, benefiting from the current customs duty exemption for low-value consignments (up to EUR 150);

    The surge in non-compliant goods in e-commerce

    1.  Highlights the increasingly high number of purchases being made by EU consumers on non-EU online platforms in business-to-consumer environments and in emerging manufacturer-to-consumer and direct-to-consumer environments; emphasises, as described in the Letta report on the future of the single market(10), that the circulation of harmful products in the single market is escalating and that EU consumers are wasting EUR 19,3 billion per year buying dangerous products that can lead to injuries and that are detrimental to our economies;

    2.  Notes that 4,6 billion e-commerce items under the EUR 150 exemption threshold were imported into the EU in 2024, 91 % of which originated from China, amounting to up to 12 million small e-commerce items per day and amounting to almost twice the number recorded in 2023 (2,4 billion) and more than triple the number in 2022 (1,4 billion); notes that this surge has exacerbated compliance challenges, especially in product safety, and that market surveillance authorities and independent investigations have reported alarming non-compliance rates;

    3.  Stresses that most unsafe and illegal products are shipped to the EU in large volumes of individual, and often small, parcels sold to EU consumers via online platforms from non-EU countries, in particular China; stresses that such products are difficult to control, in particular for customs authorities at the entry points, which are mostly located at major ports and logistical airports for e-commerce; emphasises that this makes it almost impossible to stop such products from entering the EU and makes it increasingly difficult for market surveillance authorities to detect and remove such products from the internal market and for consumer authorities to do so once the products reach EU consumers;

    4.  Stresses that the rapid growth of e-commerce has significant environmental implications due to issues such as a rise in packaging waste, the larger carbon footprint from low-quality and short life cycle products and their shipment, and problems with waste management and non-recyclable materials; underlines, in this respect, the need to ensure compliance with environmental legislation and to encourage sustainable ways of consuming;

    5.  Stresses that some non-EU online marketplaces are facing allegations regarding the use of forced labour; underlines, in this respect, that Regulation (EU) 2024/3015 prohibits products made with forced labour from entering the EU market, and that it must be effectively enforced after its application, including for online sales;

    6.  Notes that, on 1 December 2025, Regulation (EU) 2023/2411(11) on the protection of geographical indications for craft and industrial products will come into force; notes that, if not accompanied by adequate promotion and protection, especially with respect to the markets of non-EU countries, geographical indications risk remaining ineffective; calls, therefore, on the Commission, together with the customs authorities of the Member States, to strengthen checks aimed at intercepting products that violate the rules on geographical indications;

    7.  Is concerned that the prevailing business model of certain major non-EU online platforms is based on the rapid, large-scale production and distribution of fast fashion and ultra-fast fashion products, prioritising speed and low cost over sustainability, safety and quality; regrets that many such products do not comply with EU legislation, yet non-compliant sellers frequently evade meaningful enforcement or sanctions; stresses that such practices constitute a form of social and environmental dumping, resulting in a persistent and unfair competitive advantage for these non-EU platforms, exerting disproportionate pressure on European undertakings, in particular SMEs and micro-enterprises; emphasises that this hampers the development of the EU’s textile and clothing sector;

    E-commerce crossroads: navigating compliance challenges

    8.  Recognises that the EU has established a robust compliance framework, which also applies to products sold online, but that greater efforts are still needed for the full enforcement of the compliance framework; underlines, in this respect, the importance of the DSA, the DMA, the MSR, the GPSR, consumer protection rules and various product and environmental laws; emphasises that market surveillance authorities face challenges in applying these frameworks to online platforms as evidenced by the Commission’s recently published evaluation report on the implementation of Article 4 of Regulation (EU) 2019/1020 and, in particular, in cases where large quantities of a product are sold in small consignments; considers that the thorough implementation of the DSA and other regulatory acquis is necessary to combat unsafe, non-compliant and counterfeit products;

    9.  Stresses the need to implement the existing compliance framework and evaluate these measures when considering new legislation, including new obligations for online marketplaces;

    10.  Notes that conducting physical tests is particularly impractical for small parcels sent directly to the final consumer and that customs authorities will therefore continue to rely primarily on checking the documentation, rather than inspecting the products themselves;

    11.  Highlights the significant enforcement gaps caused by the limited resources and insufficient level of digitalisation of customs and market surveillance authorities, the lack of human resources and harmonised and interoperable technological tools across Member States, and the insufficient data sharing and overall lack of cooperation and coordination between customs authorities, platforms and market surveillance entities; acknowledges that physical inspections are unavoidably and inherently limited given the volume of e-commerce parcels entering the EU;

    12.  Considers that mystery shopping exercises by market surveillance authorities, as put forward in the Commission communication on e-commerce, are an important tool to verify compliance for products sold through online platforms; stresses, however, that if sellers are based outside the EU or are not traceable and if fake addresses are used for responsible persons, there is no liable legal entity and it is impossible for market surveillance authorities to take enforcement actions;

    13.  Considers that EU manufacturers and retailers, particularly SMEs, face unfair competition due to non-EU platforms enabling non-EU manufacturers and their non-compliant products to easily enter the EU market, bypassing applicable regulations and standards; highlights that, while EU manufacturers must comply with strict safety, environmental and quality rules, many low-value products sold through these platforms evade customs and market surveillance checks due to the way they are shipped to the EU; raises concerns that some of these platforms and non-EU traders deliberately exploit this loophole, allowing non-compliant imports to enter the EU single market unchecked, putting European manufacturers, wholesalers and retailers at a disadvantage, weakening their competitiveness and hindering their ability to innovate, which could lead to the closure of many micro-enterprises and small enterprises;

    14.  Stresses that EU manufacturers are de facto subject to significantly stricter market surveillance compared to non-EU manufactures that reach EU consumers via e-commerce platforms; deeply regrets the loss of market share and jobs caused by the influx of cheaper products that do not comply with European standards, particularly on safety and quality, as well as other illegal products, shipped from non-EU countries, directly affecting EU SMEs and the strength of EU companies and their capacity to invest and maintain profitability;

    15.  Highlights the difference between online platforms acting as intermediaries and those acting as importers; notes, in particular, that the EU e-commerce platforms that act as importers face compliance costs that increase their retail prices up to 40 %, which has an impact on final consumers; underlines that EU-based importers face stricter obligations and higher costs, while intermediary platforms allow non-EU sellers to ship directly to EU consumers without ensuring compliance;

    16.  Recognises that e-commerce platforms are subject to various obligations under the DSA and the GPSR and may be held liable under the Product Liability Directive(12) (PLD) in specific circumstances; recalls, in this respect, that online platforms are liable if they do not respect their specific obligations as intermediaries; believes, however, that consumer redress must be ensured in all cases; underlines, in this respect, that where the manufacturer is established outside the EU and no importer, authorised representative, or fulfilment service provider can be identified, online marketplaces should provide adequate and proportionate remedies to consumers where they fail to comply with the DSA, particularly with Articles 30 and 31 or with Article 22 of the GPSR;

    17.  Emphasises that online marketplaces are requested to trace their traders (‘know your business customer’) under the DSA, which should discourage traders from selling unsafe or counterfeit goods, and are obliged to comply with the ‘compliance by design’ rules to increase overall traceability; highlights the lack of accountability of online platforms in case of untraceable sellers or sellers based outside the jurisdiction of the EU; notes the considerable level of non-compliance with the ‘know your business customer’ principle and the rise in new selling practices via social media platforms, where this obligation is not effectively applied, allowing non-EU sellers to offer non-compliant goods to EU users directly; stresses, therefore, the need for online platforms to make best efforts to ensure full traceability of sellers and products, preventing listings from appearing without verified product compliance details;

    18.  Highlights the fact that the information of a responsible economic operator in the EU under the GPSR, acting on behalf of a non-EU trader or platform, is often wrong or missing; notes that even when this information is available, the responsible person in the EU may not be accountable, particularly when the responsible person is an authorised representative; is concerned that market surveillance authorities report significant difficulties in contacting these non-EU traders and enforcing EU law, and that even when contact is established, enforcing penalties against them is often unfeasible;

    19.  Considers that creating a database of the responsible persons in the EU to enable real-time cross-checking for verification, along with establishing an accreditation procedure for them, could enhance transparency and reinforce accountability throughout the e-commerce import supply chain;

    20.  Supports research and enforcement actions by consumer organisations and the opening of investigations initiated by consumer authorities in the EU, as part of the CPC network, as well as under the DSA, against non-EU online platforms for potential violations of EU product safety and consumer laws; expresses concern over the slow progress of these investigations and calls for their swift conclusion; underlines the need for enforcement to be a deterrent that includes adequate sanctions to ensure compliance; underlines, in this respect, that particular attention is necessary at national and EU level to address recurrent non-compliance that may have been identified in previous controls of similar products, including via the application of interim measures; stresses that the enforcement and effectiveness of commitments received from online platforms should be closely monitored;

    21.  Urges the Commission and CPC authorities to initiate a structured enforcement dialogue with consumer representatives, traders and other stakeholders to identify systemic infringements requiring stronger enforcement;

    22.  Notes the complexity for EU authorities to enforce EU laws when the economic operators are established outside the EU; highlights the need for enhanced international cooperation agreements, particularly with major e-commerce exporters;

    Strong enforcement policies to combat non-compliant e-commerce products

    Urgent need for short-term measures

    23.  Urges the Member States to increase funding and resources for market surveillance, customs, consumer protection and digital services authorities so that they can better address the challenges posed by unsafe and illicit products; asks the Commission to support stronger cooperation, information sharing and data exchange between competent authorities, including market surveillance and customs authorities, and stresses that cooperation across different sectors should be improved; urges the Member States to ensure effective coordination among different market surveillance authorities in their territories, and to strengthen the powers of the single liaison offices; highlights that the Member States and the EU have the responsibility to ensure that market surveillance and customs authorities are properly resourced, trained and equipped to have the capacity to fulfil their mission, including proper investigative powers;

    24.  Calls on market surveillance authorities to invest more resources in joint or coordinated activities with other Member States or relevant authorities and, in particular, to increase the number and the frequency of coordinated enforcement actions such as sweeps, mystery-shopping exercises and peer-reviews; urges relevant authorities to actively participate in these activities and the Commission to make full use of its coordination powers;

    25.  Welcomes the Commission’s intention to coordinate the control of customs and market surveillance authorities under priority control areas focused on products from non-EU countries that pose significant safety hazards and a risk of non-compliance; emphasises that this initiative should generate valuable risk profile data, which could be used in further enforcement activities and penalties to non-compliant actors; calls on the Commission to strengthen cooperation within the EU Product Compliance Network and to increase EU funding for customs cooperation under the customs programme and for market surveillance operations under the single market programme; stresses that the lack of adequate resources has hindered the effective deployment of tools, such as the widespread use of mystery shopping activities by market surveillance authorities or the use of trusted flaggers under the DSA; points out to the Commission that, in addition to existing testing facilities for toys and radio equipment, more testing facilities for e-commerce goods are urgently needed, such as for batteries, textiles, cosmetics, electrical appliances and other products; asks the Member States to deploy sufficient resources to guarantee an increased capacity of testing facilities and to increase investments in equipment for the detection of unsafe and illegal goods;

    26.  Emphasises that for data and security reasons, Member States should restrict high-risk vendors from operating in their critical infrastructure and border security systems, including for the procurement of security screening and cargo scanning equipment used at airports and ports;

    27.  Highlights the fact that, under the GPSR, online marketplaces are obliged to establish a single point of contact, register with the Safety Gate Portal and indicate the information concerning their single contact point on the portal; asks the Commission to effectively enforce this and other obligations of online marketplaces and to support the Member States’ market surveillance authorities in implementing the GPSR and the MSR; notes that the GPSR introduced direct data exchanges between enforcement authorities and e-commerce platforms; believes, however, that in order for the system to work effectively, a direct link with customs authorities should be provided;

    28.  Notes that the current system is more reactive than preventive, as authorities intervene only after dangerous products have already been sold to consumers, rather than preventing their distribution; recalls that, under the GPSR, online marketplace providers are encouraged to check products against the Safety Gate Portal before listing them on their interfaces; underlines that random sampling testing can only be efficient if it is conducted regularly;

    29.  Emphasises that the swift implementation of the Digital Product Passport (DPP) for several critical products sold online is essential to strengthen the enforcement of existing legislation; urges the Commission to present the necessary secondary legislation on the DPP as soon as possible, in particular for textiles, toys, cosmetics, electronics and other products with high non-compliance rates and associated risks; calls on the Commission to continuously assess the requirements, technical design and operation of the DPP under the Ecodesign for Sustainable Products Regulation(13) (ESPR) as a priority; calls on the Commission to support businesses, in particular micro-enterprises and SMEs, in the implementation of the DPP;

    30.  Proposes a mandatory DPP with early compliance verification for all products imported via e-commerce, including detailed quality and compliance data, to be integrated directly into the EU customs data hub, allowing authorities to pre-screen information on products before they are placed on the single market;

    31.  Urges the Member States to make substantial efforts to increase customs controls and improve risk analysis, as the detection and removal of non-compliant goods can reduce the harm to EU consumers and protect the economic interests of EU businesses; underlines that the introduction in the customs risk analysis of a presumption of non-compliance for goods identical to those already found non-compliant could facilitate controls by customs authorities and improve cost efficiency; stresses the importance of reinforcing customs centres so they are better equipped to handle the large volume of small parcels that are difficult to control using traditional methods, including advanced screening technologies to identify suspicious packages at entry points; asks for more rigorous compliance checks, as well as random checks by the authorities on high-tonnage transport; urges the Member States, furthermore, to significantly increase the level of digitalisation of import procedures in customs authorities in order to implement existing legislation and accelerate customs procedures, especially in view of the high numbers of parcels;

    32.  Underlines that businesses, particularly SMEs, urgently require clear guidelines from the Commission for the effective implementation of the GPSR, including clarification on its interplay with overlapping legislation, such as the DSA, the MSR, the PLD, and sector-specific laws on toys, cosmetics and detergents; calls on the Commission to issue these guidelines before the end of the first half of 2025 to facilitate businesses’ compliance; considers that the evaluation report on the interaction of the DSA with other legal acts, which is due on 17 November 2025, should take into account different legislation, in particular on product compliance, the obligations of online marketplaces, enforcement rules and possible future improvements on simplification and implementation; calls on the Commission to assess all possible further actions, including the evaluation of sectoral legislation, which is necessary to ensure legal predictability and that no legal loopholes or enforcement gaps are left when it comes to direct imports from non-EU countries via online marketplaces;

    33.  Calls on the relevant national authorities to make full use of the existing and recently adopted enforcement toolbox, especially in relation to provisions on e-commerce set out in the MSR, GPSR and DSA, such as takedown orders, prohibition, restriction on the making available of a product on the market or its removal, recalls and sanctions as measures to counter the rise of illegal and non-compliant imports from non-EU countries;

    34.  Underlines that regulatory enforcement measures taken against non-compliant actors should not put disproportionate burdens on compliant actors or cause unintentional harm to the second-hand market;

    35.  Stresses the need to ensure the protection of intellectual property rights in the light of the increase in non-European counterfeit goods on e-commerce platforms; notes that these practices harm the competitiveness of European companies and pose risks to innovation and the incentives for research and development; calls for stronger measures against the sale of counterfeit goods online; urges the Commission to issue clear guidelines on trusted flaggers and stresses that rights holders should be recognised as eligible trusted flaggers when they meet the criteria outlined in Article 22 of the DSA;

    36.  Points out that the Member States should make better use of the available sets of penalties and sanctions against economic operators, as well as other available tools including interim measures, in order to create a deterrent effect to dissuade economic operators from infringing upon the applicable legislation;

    37.  Urges the Commission to take effective measures, including legislative measures where legal loopholes are clearly identified, without delay to ensure legal certainty and a level playing field for European companies, placing particular emphasis on SMEs;

    The need for regulatory reforms

    38.  Calls for the removal of barriers to enforcing consumer rights, such as legal warranty claims and the right to return items; calls on the Commission to review the CPC Regulation without delay as this will be fundamental for a more effective cross-border enforcement of EU consumer law and the fight against unsafe products; asks the Commission, in this context, to provide for clear measures to further strengthen enforcement powers over non-EU traders and platforms and ensure better coordination of EU and national actions and the exchange of information among authorities, as well as with authorities in non-EU countries; highlights that the structure of the European Competition Network could be used as an example to follow for enforcement and information exchange in the case of suspected violations impacting multiple Member States, especially to combat non-compliant products effectively; stresses the importance of granting the Commission direct powers to investigate and sanction certain high impact breaches of consumer law, thus ensuring more effective, simultaneous and uniform enforcement and sanctions under EU consumer law;

    39.  Notes that the CPC Regulation already empowers enforcement authorities to act against non-compliant traders and even gives the possibility for Member States to impose penalties and interim measures such as restricting access to the website; acknowledges, however, that the limitation is that this action must be taken on a country-by-country basis rather than at EU level, with each country applying its own penalties, making the consequences of violations uneven;

    40.  Notes that enforcement in the Member States is fragmented, which leads to inefficiencies; calls for better coordination of enforcement and compliance oversight effective information exchange between Member States and for a more uniform application of the EU acquis; calls on the Commission to assess the MSR, particularly the need for an EU Market Surveillance Authority that would ensure consistency and provide operational support to the activities conducted by the relevant national market surveillance authorities and foster cooperation with the new EU Customs Authority (EUCA), as well as the implementation of Article 4 of the MSR, defining the responsible economic operators in the EU for product compliance; stresses that, to date, the designated responsible economic operator often lacks the capacity to provide redress or compensation to consumers, in particular when being an authorised representative;

    41.  Supports the Commission’s ambition to swiftly advance the upcoming interinstitutional negotiations with Parliament and the Council on the UCC reform and the two proposals for Council acts on removing the exemption threshold on customs duties for goods valued under EUR 150; urges, therefore, the Member States to accelerate the negotiation procedure in the Council, recognising the urgency of the customs reform for EU competitiveness and the protection of EU consumers; underlines, however, that removing the threshold is a necessary step but not a stand-alone solution, as customs authorities will still only be able to inspect a limited percentage of parcels; stresses that immediate removal of the customs duty exemption is necessary for high-risk imports from product and consumer safety perspectives; emphasises the need for the customs reform to ensure coherence across regulatory frameworks, particularly avoiding duplication or conflicts with the DSA, and highlights the essential role customs authorities play in detecting non-compliant and unsafe products;

    42.  Stresses that the UCC reform will provide the necessary tools for customs authorities to better supervise and control the goods entering the EU, help to strengthen the single market and customs union, improve the detection of unsafe and illicit products, and contribute to a level playing field among economic operators; welcomes, in this respect, the proposal under the UCC Regulation to establish the cooperation mechanism with market surveillance authorities that will improve the effectiveness of product controls; emphasises the importance of enhancing customs infrastructure and staffing to manage e-commerce effectively; highlights the need for simplified compliance processes tailored specifically to SMEs; calls on the Member States to introduce automated, forward-looking customs clearing systems, for instance by obliging platforms to enrol and clear customs automatically at the point of sales;

    43.  Is concerned that some non-EU traders are circumventing EU customs checks by clearing goods by customs at the point of origin; stresses that those non-EU trading companies often prefer to pay penalties rather than open packages upon arrival at EU customs, aiming to unload shipments and depart immediately; is deeply concerned that customs authorities find that many packages are either undeclared or incorrectly declared and are sometimes fraudulently labelled; highlights that the UCC reform should also address these aspects;

    44.  Takes note of the concern expressed by the ECC network regarding the drop-shipping business model, which raises challenges in consumer protection, product safety and regulatory compliance; regrets that consumers often face misleading practices, difficulties in returning products, and unexpected import duties, while a significant share of drop-shipped products fail to comply with EU safety standards; stresses that drop-shipping complicates enforcement due to untraceable businesses and cross-border complexities, while VAT and data protection compliance remain key concerns; notes that when combined with influencer marketing, drop-shipping may exacerbate transparency issues, reputational risks and inconsistent outcomes; calls on the Commission to assess how to address drop-shipping-related issues;

    45.  Highlights the fact that the concept of a ‘deemed importer’ aims to ensure a level playing field for both EU and non-EU online platforms; notes that, in the context of an online sale from outside the EU, this measure would relieve customers of non-EU online platforms from being considered importers, as they are under the current UCC, while a non-EU platform or trader would instead be considered the ‘deemed importer’; believes that ‘deemed importer’ responsibilities should be clearly defined and consistent with the provisions of the DSA; emphasises that platforms being responsible for ensuring that VAT and customs duties are collected at the point of sale, rather than upon entry into the EU, will reduce fraud and tax evasion;

    46.  Expresses concern about the optional nature of the Import One-Stop Shop (IOSS) scheme for all online operators, which deviates from the original objectives of the VAT in the digital age (ViDA) initiative; underlines the necessity of additional actions to strengthen the system’s robustness and curb potential misuse; urges the Commission to engage closely with stakeholders to establish safeguards for the IOSS against fraudulent practices; recommends that such safeguards be both comprehensive and streamlined to effectively deter fraud while avoiding excessive administrative burdens; stresses the necessity of extending the IOSS applicability to goods beyond the customs duty exemption threshold of EUR 150 to prevent undervaluation and ensure fair competition;

    47.  Calls for the establishment of a new EUCA in 2026 to provide expert support to the Member States’ customs authorities; underlines that the EUCA should in its coordination role also map testing and control capabilities of customs and market surveillance authorities in and across the Member States and be mandated to execute unannounced inspections to detect possible unsafe or non-compliant products and issue sanctions in case of non-compliance; notes that the new EU customs data hub will allow for enhanced cooperation between the EUCA and customs and other authorities through data exchange and the interoperability of national IT systems, and thus facilitate coordinated controls and the detection of non-compliant products; considers that it is essential to fully integrate the functionalities of the Customs Single Window into the EU customs data hub; notes in the context of the proposed EUCA, the importance of regularly consulting representatives of various stakeholders to provide early warning to the EUCA;

    48.  Stresses that, given the urgency, the entry into force of different obligations planned in the UCC revision should be accelerated, such as the establishment of the EU customs data hub; calls on the Commission to immediately start the preparatory work necessary for the establishment of the EU customs data hub, so as to speed up the preparation of its e-commerce functions in 2026;

    49.  Urges the Commission to carry out an impact assessment regarding the idea of e-commerce items being shipped to the EU in bulk and, in turn, the establishment of warehouses in the EU by non-EU traders for such goods before they are put into parcels for delivery to customers; recognises that such shipments of e-commerce items in bulk and their storage in warehouses in the EU might increase the oversight of customs and market surveillance authorities and improve their controls and detection of non-compliant goods compared to single parcel shipments; calls on the Commission and the Member States to consider all possible options to incentivise such practices, including a simplified status for trust and check traders and cost-benefit assessments for incentive schemes; further notes that bulk shipping may not be feasible for all non-EU traders, particularly those operating consumer-to-consumer (C2C) or second-hand models; emphasises that this approach should strike a balance between the compliance advantages and the practical requirements of e-commerce operators, ensuring that it avoids creating logistical bottlenecks or placing an undue burden on varying business models;

    50.  Acknowledges that the Commission has released a non-paper outlining the introduction of a non-discriminatory handling fee on e-commerce items, to be charged by customs authorities for goods sold in distance sales with the aim of covering the increased supervisory costs of custom authorities, namely the checking of the data, carrying out risk analysis, performing documentary and physical controls and specifically the financing of the EUCA and the data hub; insists that Member States should avoid unilateral fees to avoid a fragmentation of the customs union; underlines that the proposal suggests a flat EUR 2 rate per item delivered directly to the customer or a smaller 50 cent fee for Trust and Check Traders operating a business model of a customs warehouse for distance sales within the EU; calls on the Commission to conduct a proper evaluation of whether the proposed amount complies with World Trade Organization (WTO) rules, and whether it is sufficient and proportionate to reach the objectives; insists that this handling fee not be incurred by the consumer;

    51.  Notes the enormous waste management and product destruction cost arising from the huge amount of non-compliant and unsafe products imported via non-EU country e-commerce; underlines that a large share of these products is non-recyclable, environmentally harmful or non-compliant with applicable chemicals legislation, further driving up environmental costs for public authorities; calls therefore on the Commission to evaluate the necessary measures to mitigate the environmental impact of non-EU countries’ e-commerce activities including the feasibility of a waste management fee on all products sold via non-EU countries’ online marketplaces to ensure that environmental costs are not supported by EU taxpayers;

    52.  Stresses that inconsistent penalties and different enforcement strategies for non-compliance in different Member States lead to ‘border shopping’ or ‘customs shopping’; supports the minimum harmonisation of infringements and non-criminal sanctions for non-compliance across the Member States and through the EUCA as this would avoid creating weak entry points in the EU customs territory; stresses that this should entail a common framework for minimum harmonisation to close existing loopholes and thus tackle e-commerce challenges; underlines that Member States can impose additional sanctions tailored to national contexts;

    53.  Notes that the Commission is scrutinising certain non-EU online marketplaces for employing manipulative practices, including dark patterns, addictive design features, deceptive influencer marketing, and the dissemination of fake or misleading online reviews; recognises that, according to the Digital Fairness Fitness Check report, unfair commercial practices cost consumers nearly EUR 8 billion annually, and that the use of unfair techniques to pressure consumers, especially vulnerable ones and children, into impulse purchases leads to overconsumption and overspending; calls on the Commission to address these issues in the upcoming Digital Fairness Act, unless they are already covered by existing legislation, with a view to effectively tackling unfair practices and closing existing legal loopholes, while staying consistent with existing legal frameworks and avoiding unnecessary regulatory burdens;

    54.  Emphasises the need to ensure that any new initiatives proposed by the Commission in the area of customs enforcement or compliance do not result in additional administrative burdens for European businesses, particularly SMEs;

    55.  Stresses the importance of the role of the European Public Prosecutor’s Office (EPPO) in the field of cross-border investigations of customs offences, which notably include fraud, for example the illicit undervaluing of the price of products in order to avoid paying the import taxes; emphasises that the large-scale circumvention of customs duties, including fraudulent e-commerce declarations and undervaluation, as well as the avoidance of controls and ‘forum shopping,’ must be effectively combated through criminal law investigations conducted by the EPPO, with the support of customs authorities; stresses that the EPPO’s robust legal framework for cross-border investigations should be leveraged to dismantle the criminal networks behind such operations;

    Additional enforcement actions

    56.  Calls on the Commission and the national competent authorities to strongly enforce the DSA with regard to the responsibility of online marketplaces, in particular their obligations in terms of recommender systems, interface design, right to information, the compliance by design rules to increase the overall traceability, and their ‘know your business customer’ obligation; highlights that compliance with these obligations should dissuade non-compliant traders from offering their products in the EU through marketplaces or shopping services of social media falling in this category, and calls on the Commission to provide practical support in tracing traders that do not abide by EU rules; stresses the need for a DSA-based network of trusted flaggers for illegal products and e-commerce to ensure that platforms fulfil their obligations effectively;

    57.  Stresses that the enhancement of cooperation and coordination with national competent authorities is crucial; asks for more cooperation among all relevant authorities, such as Member State authorities, customs authorities, and consumer protection authorities, and for stronger coordination among all established expert groups; stresses that, under the DSA, the investigative actions against non-compliant online marketplaces need to yield results and lead to deterrent sanctions in order to prevent the offer of non-compliant products; emphasises the importance of these investigations in addressing systemic risks, compliance failures, illegal content dissemination, addictive design features, dark patterns and the use of influencers for manipulative advertising;

    58.  Calls on enforcement authorities to strengthen monitoring and enforcement actions targeting new sales channels; recommends that competent authorities be equipped with adequate resources, technological tools, and cross-border cooperation mechanisms to effectively identify and take action against non-compliant traders operating via social media and other emerging platforms;

    59.  Suggests that online marketplace sellers must provide a reshipping address and contact point within the EU to allow consumers to easily return non-compliant goods without undue costs and to allow authorities to inspect goods; believes that online marketplaces should be responsible for checking this and should be held accountable for enforcement;

    60.  Calls for an urgent in-depth evaluation of the effectiveness of the provision of the ‘responsible person for products placed on the Union market’, particularly those of non-EU traders, building on the results of the evaluation report on Article 4 of the MSR; calls on the Commission to consider among its future actions the introduction of a mandatory requirement for non-EU traders to appoint a responsible person in the EU with increased legal and financial liability;

    61.  Notes that postal and other delivery services are undergoing significant transformations due to the rapid growth of e-commerce; raises concerns that the Universal Postal Union’s terminal dues system in practice does not apply to e-commerce flows; notes that, as a result, Chinese e-commerce businesses, due to shipment volumes, enter into commercial agreements directly with the EU postal operators for exceptionally attractive delivery rates that are lower than those for goods manufactured within the EU, leading to deeper fragmentation of the single market for postal services; urges the Commission to evaluate the impact of e-commerce on postal services and the internal market, and to consider how postal services can contribute to strengthening the single market and benefiting consumers, and to the overall competitiveness of the EU;

    62.  Welcomes the approval of the ViDA reforms, which represent a significant step towards modernising VAT collection in the e-commerce sector; emphasises the importance of the Single VAT ID for online marketplaces and for European manufacturers, enabling them to compete on a level playing field by simplifying VAT compliance across the Member States; highlights that this measure can also facilitate in-bulk importation and the warehousing of goods within the EU, reducing reliance on fragmented cross-border shipments and ensuring that value-added services, such as fulfilment and logistics, take place within the single market; stresses that these reforms will enhance tax compliance, reduce administrative burdens, and improve enforcement while supporting fair competition and strengthening EU supply chains; calls on the Commission and the Member States to ensure the effective implementation of these measures to maximise their benefits for European businesses and consumers;

    63.  Calls on the Commission to consider measures aimed at reducing the unnecessary regulatory and administrative compliance burden for EU manufacturers, in particular for SMEs, in order to level the playing field and enable them to better compete with global competitors operating under more efficient compliance standards;

    64.  Calls on the Commission to enhance international cooperation with other like-minded countries to exchange best practices, identify common challenges and risks and develop joint actions on e-commerce;

    65.  Welcomes, in this regard, the WTO Joint Statement Initiative on Electronic Commerce; notes that the agreement will benefit consumers and businesses by facilitating cross-border electronic transactions, reducing barriers to digital trade and promoting innovation in e-commerce; underlines, however, that the agreement is only a foundation and encourages the Commission to pursue ambitious trade agreements in negotiations with partners to ensure binding provisions on e-commerce;

    Increased use of IT tools

    66.  Welcomes the fact that the Commission is preparing a project to streamline existing databases, including the Information and Communication System on Market Surveillance, the EU Safety Gate and the Customs Risk Management System, into a common interoperable system gathering all information on the safety of products, counterfeit product tracking and notifications of accidents and to ensure interoperability with the DPP and the future EU customs data hub; calls on the Commission to publish information regarding the implementation timeline and the resource requirements of this initiative;

    67.  Supports the Commission’s aim to provide market surveillance authorities with the e-Surveillance WebCrawler tool to flag reappearing dangerous products; asks the Commission to make available another web crawler for detecting new listings as soon as possible, in order to flag non-compliant products before they reach consumers;

    68.  Supports the responsible use of artificial intelligence, blockchain and the internet of things for scanning and analysing product listings on e-commerce platforms, automating customs and market surveillance inspections and risk identification and integrating product compliance databases for real-time checks between market surveillance and customs authorities, in line with EU and national laws; notes, however, that the high implementation costs of these technologies remain a barrier; underlines that the full uptake of these technologies will make handling more efficient, especially for low-value goods, and that the high volume of parcels containing many different items faces limited inspection capabilities;

    69.  Demands that the Commission and the Member States exchange best practices and find incentives to provide the necessary funding and support for national authorities in order to increase the responsible use of technological solutions; suggests that artificial intelligence, blockchain and the internet of things could be used to scan and analyse product listings on e-commerce platforms, automate inspections and risk profiling, and integrate product compliance databases for real-time checks by several authorities;

    70.  Underlines that Member States should reinforce customs checks in particular with low-value shipments by implementing risk-based assessment systems and digital tracking to prevent non-compliant products from bypassing customs controls; calls on the Member States to increase the level of automated processes, such as automated scans of labels when processing parcels at customs;

    71.  Recognises that some online marketplaces also use a number of IT tools to detect and remove unsafe and illicit products that are found on their platforms; highlights, however, the fact that online marketplaces need to further invest in and increase their use of these IT tools to effectively avoid the offer and sale of unsafe and illicit products; calls on the Commission to further incentivise the use of IT tools by online marketplaces in this regard, while ensuring full compliance with Article 8 of the DSA, which provides that there is no general obligation to monitor the information that providers of intermediary services transmit or store;

    72.  Suggests that, without prejudice to the principle enshrined in the DSA that providers of intermediary services online should not be subject to a monitoring obligation with respect to obligations of general nature, online intermediaries engaged in the sale, promotion or distribution of products within the EU market should consider on their own the use of risk-based digital monitoring systems to identify and prevent the presence of illegal content (presentation, description or offering for sale of illegal or dangerous products); stresses the importance of implementing swift response mechanisms to ensure the permanent removal of specific illegal content as soon as providers of intermediary services online have actual knowledge of such illegal content being presented on their interfaces, as well as the necessity for hosting service providers to take all necessary measures to prevent the reappearance of the same or equivalent illegal content on their platform;

    Improvement of consumer awareness and information

    73.  Emphasises that EU consumers and European SMEs engaged in importing activities often lack sufficient information on the possible dangers of potentially unsafe products and the harm they can cause; stresses that consumers are increasingly targeted by traders who, despite their legal obligations, often do not inform consumers that their products are made and shipped from outside of the EU; acknowledges that there is demand among EU consumers for cheaper products, which are purchased on non-EU online marketplaces due to their much lower production costs and uncompetitive conditions for EU businesses and online platforms; stresses that online marketplaces may use manipulative design techniques (dark patterns) to influence purchasing decisions; warns against the risks associated with compulsive purchasing behaviours, financial difficulties and the accumulation of unnecessary goods; calls on the Commission and the Member States to organise information and awareness-raising campaigns on the purchase of unsafe products online and their possible health, privacy, environmental and competitiveness consequences, with a special focus on vulnerable consumers and at peak consumption times;

    74.  Recommends fostering second-hand consumption as a sustainable approach to addressing EU consumers’ need for affordable goods; stresses the importance of promoting and incentivising the reuse of second-hand products as an important driver for unlocking the potential of the circular economy;

    75.  Asks the Commission and the Member States to strictly enforce the ecodesign requirements for textiles and other products under the ESPR, as well as the provisions of the Directive on Empowering Consumers for the Green Transition(14) in order to make sure that consumers are better informed about sustainability aspects, such as environmental impacts, energy use, reparability and durability of products purchased on online marketplaces;

    76.  Considers that consumer authorities, organisations, industry associations and chambers of commerce should be encouraged to conduct large, coordinated awareness-raising campaigns on consumer rights, potential risks, including the possibilities for collective redress, and redress mechanisms when purchasing online, in particular on non-EU online platforms; stresses the need to also raise awareness about the environmental, health and social impacts of unsustainable business practices and to alert consumers about the role of new advertising techniques, such as influencers and digital opinion leaders, in shaping perceptions of product safety and reliability; calls on the Commission to take a coordinating role as mentioned in the Commission communication of 5 February 2025 on e-commerce and to explore possibilities to finance cross-border information campaigns developed in cooperation with researchers, civil society and other relevant stakeholders;

    Trade and development considerations

    77.  Calls on the Commission to implement its level of ambition in agreements with international partners at the multilateral level, as unsafe products constitute not only a European, but also a global challenge; reiterates that, as set out in Parliament’s position on the UCC revision, the EUCA should establish working arrangements with the authorities of non-EU countries and international organisations; stresses that such arrangements should enable the EUCA to exchange information, including best practices, with non-EU authorities and international organisations, and to carry out joint activities; supports continued engagement in the UN Trade and Development working group on consumer product safety, which plays a crucial role in developing best practices for cross-border enforcement;

    78.  Calls on the Commission to step up cooperation with international partners, within forums such as the WTO, the World Customs Organization (WCO) and the G7, to counterbalance China’s influence and ensure reciprocity and rules-based trade; calls on the Commission to explicitly incorporate robust and enforceable obligations addressing forced labour when reviewing and renegotiating current trade and investment agreements; underscores the need for stronger EU-China cooperation mechanisms and transparent certification requirements to ensure compliance;

    79.  Highlights the need to consider service and product safety and regulatory compliance provisions when negotiating future EU trade agreements; stresses the importance of specific regulatory dialogues and cooperation through administrative arrangements, improved customs enforcement cooperation, the traceability of shipments to the highest standards and enhanced data-sharing arrangements between customs authorities to effectively tackle non-compliant imports;

    80.  Urges the Commission to be proactive and swiftly deploy targeted trade defence instruments, including anti-subsidy investigations, to address the adverse impacts on European businesses; emphasises that such actions must be coordinated closely with key international partners, to ensure effective global enforcement and reciprocal market fairness;

    81.  Encourages the Commission to enhance diplomatic efforts and cooperation within international forums, particularly the WTO, the WCO and the G7, to counterbalance China’s strategic expansion into digital governance frameworks, including its Digital Silk Road initiative; stresses the need for open, more transparent and responsible digital trade rules in international standard-setting bodies to prevent internet fragmentation and mitigate the risks posed by restrictive digital governance models;

    82.  Welcomes the WTO Joint Statement Initiative on Electronic Commerce as a vital step towards global digital trade rules; stresses, however, its current limitations, especially regarding customs transparency; urges the Commission to advocate stronger binding provisions to ensure its effective implementation and integration into the WTO legal framework, and to ensure enhanced global compliance standards;

    83.  Emphasises the need for international capacity-building initiatives to support the sustainable and compliant participation of developing countries in digital trade; calls on the Commission to collaborate closely with international organisations, especially the WTO, to enhance regulatory frameworks and technical assistance for e-commerce in developing countries;

    o
    o   o

    84.  Instructs its President to forward this resolution to the Council and the Commission.

    (1) OJ C, C/2025/1035, 27.2.2025, ELI: http://data.europa.eu/eli/C/2025/1035/oj.
    (2) OJ L, 2024/3015, 12.12.2024, ELI: http://data.europa.eu/eli/reg/2024/3015/oj.
    (3) OJ L, 2024/1760, 5.7.2024, ELI: http://data.europa.eu/eli/dir/2024/1760/oj.
    (4) Letta, E., ‘Much more than a market: Speed, Security, Solidarity – Empowering the Single Market to deliver a sustainable future and prosperity for all EU Citizens’, April 2024, https://www.consilium.europa.eu/media/ny3j24sm/much-more-than-a-market-report-by-enrico-letta.pdf.
    (5) Regulation (EU) 2022/2065 of the European Parliament and of the Council of 19 October 2022 on a Single Market For Digital Services and amending Directive 2000/31/EC (Digital Services Act) (OJ L 277, 27.10.2022, p. 1, ELI: http://data.europa.eu/eli/reg/2022/2065/oj).
    (6) Regulation (EU) 2023/988 of the European Parliament and of the Council of 10 May 2023 on general product safety, amending Regulation (EU) No 1025/2012 of the European Parliament and of the Council and Directive (EU) 2020/1828 of the European Parliament and the Council, and repealing Directive 2001/95/EC of the European Parliament and of the Council and Council Directive 87/357/EEC (OJ L 135, 23.5.2023, p. 1, ELI: http://data.europa.eu/eli/reg/2023/988/oj).
    (7) Regulation (EU) 2019/1020 of the European Parliament and of the Council of 20 June 2019 on market surveillance and compliance of products and amending Directive 2004/42/EC and Regulations (EC) No 765/2008 and (EU) No 305/2011 (OJ L 169, 25.6.2019, p. 1, ELI: http://data.europa.eu/eli/reg/2019/1020/oj).
    (8) Regulation (EU) 2017/2394 of the European Parliament and of the Council of 12 December 2017 on cooperation between national authorities responsible for the enforcement of consumer protection laws and repealing Regulation (EC) No 2006/2004 (OJ L 345, 27.12.2017, p. 1, ELI: http://data.europa.eu/eli/reg/2017/2394/oj).
    (9) Regulation (EU) No 952/2013 of the European Parliament and of the Council of 9 October 2013 laying down the Union Customs Code (OJ L 269, 10.10.2013, p. 1, ELI: http://data.europa.eu/eli/reg/2013/952/oj).
    (10) Letta, E., ‘Much more than a market: Speed, Security, Solidarity – Empowering the Single Market to deliver a sustainable future and prosperity for all EU Citizens’, April 2024.
    (11) Regulation (EU) 2023/2411 of the European Parliament and of the Council of 18 October 2023 on the protection of geographical indications for craft and industrial products and amending Regulations (EU) 2017/1001 and (EU) 2019/1753 (OJ L, 2023/2411, 27.10.2023, ELI: http://data.europa.eu/eli/reg/2023/2411/oj).
    (12) Directive (EU) 2024/2853 of the European Parliament and of the Council of 23 October 2024 on liability for defective products and repealing Council Directive 85/374/EEC (OJ L, 2024/2853, 18.11.2024, ELI: http://data.europa.eu/eli/dir/2024/2853/oj).
    (13) Regulation (EU) 2024/1781 of the European Parliament and of the Council of 13 June 2024 establishing a framework for the setting of ecodesign requirements for sustainable products, amending Directive (EU) 2020/1828 and Regulation (EU) 2023/1542 and repealing Directive 2009/125/EC (OJ L, 2024/1781, 28.6.2024, ELI: http://data.europa.eu/eli/reg/2024/1781/oj).
    (14) Directive (EU) 2024/825 of the European Parliament and of the Council of 28 February 2024 amending Directives 2005/29/EC and 2011/83/EU as regards empowering consumers for the green transition through better protection against unfair practices and through better information (OJ L, 2024/825, 6.3.2024, ELI: http://data.europa.eu/eli/dir/2024/825/oj).

    MIL OSI Europe News

  • MIL-OSI Europe: Text adopted – Tackling China’s critical raw materials export restrictions – P10_TA(2025)0166 – Thursday, 10 July 2025 – Strasbourg

    Source: European Parliament

    The European Parliament,

    –  having regard to its previous resolutions on China,

    –  having regard to the upcoming EU-China summit planned for 24 and 25 July 2025,

    –  having regard to Regulation (EU) 2024/1252 of the European Parliament and of the Council of 11 April 2024 establishing a framework for ensuring a secure and sustainable supply of critical raw materials and amending Regulations (EU) No 168/2013, (EU) 2018/858, (EU) 2018/1724 and (EU) 2019/1020(1), also known as the Critical Raw Materials Act (CRMA),

    –  having regard to Regulation (EU) 2024/1735 of the European Parliament and of the Council of 13 June 2024 on establishing a framework of measures for strengthening Europe’s net-zero technology manufacturing ecosystem and amending Regulation (EU) 2018/1724(2)(Net-Zero Industry Act),

    –  having regard to the G7 Leaders’ statement on the G7 Critical Minerals Action Plan,

    –  having regard to the Commission communication of 26 February 2025 entitled ‘The Clean Industrial Deal: A joint roadmap for competitiveness and decarbonisation’ (COM(2025)0085),

    –  having regard to the clean trade and investment partnerships being negotiated by the EU, and to the EU’s critical raw material partnerships,

    –  having regard to the joint communication from the Commission and the High Representative of the Union for Foreign Affairs and Security Policy of 20 June 2023 on ‘European Economic Security Strategy’ (JOIN(2023)0020), and to the speeches about de-risking given by Commission President Ursula von der Leyen at the European Policy Centre on 30 March 2023 and in Parliament on 18 April 2023,

    –  having regard to the 13th EU-China Strategic Dialogue, held between the Vice-President of the Commission / High Representative of the Union for Foreign Affairs and Security Policy, Kaja Kallas, and the Chinese Foreign Minister, Wang Yi, in Brussels on 2 July 2025,

    –  having regard to the statements made by Commission President Ursula von der Leyen at the G7 summit held in Kananaskis, Canada from 16 to 17 June 2025,

    –  having regard to World Trade Organization (WTO) rules, in particular the principles of non-discrimination and of transparency regarding export restrictions,

    –  having regard to WTO dispute settlement rulings DS431, DS432 and DS433 on China’s rare earth export restrictions,

    –  having regard to the UN Guiding Principles on Business and Human Rights,

    –  having regard to Rule 136(2) and (4) of its Rules of Procedure,

    A.  whereas on 4 April 2025, China started to enact export restrictions on 7 of the 17 rare earth elements (REEs) and on permanent magnets produced from these, introducing a system for non-automatic licences, and cited dual-use and security considerations as justification; whereas the list of items covered by the restrictions includes medium and heavy REEs (samarium, gadolinium, terbium, dysprosium, lutetium, scandium and yttrium);

    B.  whereas critical raw materials are essential inputs for a wide array of industrial products and processes, including in critical sectors such as clean technologies, digital technologies, healthcare and defence; whereas a secure and sustainable supply of critical raw materials is fundamental to achieving the Union’s climate, digital, competitiveness and defence objectives;

    C.  whereas export volumes have reportedly decreased by as much as 80 %, having a heavy impact on a wide range of sectors, including electronics and consumer tech, green energy and renewables, the automotive industry, aerospace and healthcare;

    D.  whereas the EU’s dependence on China for critical raw materials has continued to grow or, at best, remains stubbornly high; whereas the global REE supply chain is heavily concentrated in China, which has control of around 75 % of mining output and of 85 % of processing capacity, reaching more than 95 % in the case of some REEs such as terbium, yttrium and dysprosium; whereas the EU remains overly reliant on non-EU countries for the supply of critical raw materials (CRMs) and is almost entirely dependent on China for the supply of heavy REEs; whereas the EU covers 98 % of its demand for permanent magnets, and 92 % of its demand for NdFeB magnets, with imports from China;

    E.  whereas China has significantly expanded its dominance in the global mining, processing and refining of CRMs and intermediate products, creating strategic dependences along key value chains, , which have, at times, been deliberately leveraged through restrictive trade measures; whereas China first restricted the export of REEs in 2010 over a territorial dispute with Japan, and this restriction was declared incompatible with WTO rules by the Appellate Body; whereas China has also applied extensive restrictions on the export of raw minerals classified as strategic and/or critical by the EU, including gallium and germanium since 1 August 2023, graphite since December 2023, antimony products since 15 September 2024, tungsten and bismuth since 4 February 2025, and scandium since 17 April 2025;

    F.  whereas the implementation of these export restrictions has already started to cause severe disruptions to industry in the EU, including the automotive industry, with as many as 17 assembly lines experiencing temporary shutdowns in May 2025; whereas a wide array of sectors could face disruption, such as healthcare, space and defence – including fighter jets, frigates, drones and precision-guided weapons systems – wind turbines and batteries, as could the green and digital transitions more generally;

    G.  whereas China’s licensing procedure requires applicants to disclose sensitive information to the Chinese authorities, which breaches economic secrecy; whereas China’s updated export control framework of December 2024 gives greater discretionary powers to the Chinese Ministry of Commerce, the State Council and the Central Military Commission to subject items not formally listed as dual-use goods to export controls; whereas these new regulations include measures with extraterritorial applications;

    H.  whereas the EU applies export controls to certain types of critical and advanced materials, but these controls are clearly focused on material types, with precise technical parameters relating to their use in specific military applications, do not affect trade in commercial non-sensitive products and account for only a small share of total exports of the materials in question;

    I.  whereas China has deliberately pursued a strategy of undercutting global market prices while keeping its domestic market closed, generally to the benefit of state-owned enterprises, and couples this with huge subsidy schemes, leading to significant distortions in global competition and jeopardising recent efforts by the EU and the Member States to keep the EU’s remaining mining sectors afloat;

    J.  whereas the EU adopted the CRMA in April 2024 as the starting point of efforts towards improving the resilience and autonomy of the EU’s supply of CRMs and strategic raw materials (SRMs); whereas the CRMA addresses both the supply side and the demand side, including through production targets, through resource efficiency aimed at moderating consumption, and through the substitution of SRMs; whereas circularity is at the core of the CRMA, which aims to cover 25 % of the Union’s SRM needs through recycling by 2030 and has the objective of recycling substantially larger amounts of each SRM from waste, including for permanent magnets;

    K.  whereas the upcoming EU-China summit is an opportunity to engage in dialogue while continuing to stand strong against coercion;

    L.  whereas China still has sanctions in place against a former MEP, members of Member State parliaments and European think tanks;

    1.  Strongly condemns China’s decision to enact REE export restrictions, which has halted exports and significantly disrupted supply chains vital for the automotive industry, defence manufacturers, semiconductor companies, green technologies, healthcare applications and many other sectors in the EU and across the world; considers that China’s action is unjustified and has a coercive intent, building on the enormous leverage its quasi-monopolistic position on the global market provides;

    2.  Believes that China is using these export restrictions to strengthen its negotiating position; stresses that the EU must firmly reject any attempts by China to use these restrictions to force concessions on other ongoing trade irritants, and believes that any concessions to China in this respect would harm the EU’s ability to protect itself from current and future coercion;

    3.  Underlines the importance of expressing concern regarding China’s export restrictions on REEs and the broader implications of these restrictions for global supply chains at the upcoming EU-China summit; is convinced that export controls should be part of a multilateral approach designed to protect international security and ensure a global level playing field, insists that unilateral controls must be limited to those made strictly necessary by national security considerations, with transparent and clearly defined rules, and therefore stresses that making China’s actions run counter to multilateral rules and practices, and calls on the Commission and the Member States to take a firm and unified stance, engage with China to find a structural solution and continue dialogue with China in this regard;

    4.  Urges the Chinese authorities to follow up tangibly on their proposal and fully lift the export restrictions; takes note, in the meantime, of the recent proposal by the Chinese authorities to establish so-called ‘green lanes’ aimed at simplifying procedures for European companies;

    5.  Stresses the urgent need for the EU to enhance its strategic leverage and indispensability by identifying, operationalising and strengthening areas in which it holds critical advantages over China in essential goods and technologies, with the objective of strengthening the EU’s strategic autonomy, or by limiting access to the EU internal market for high-risk Chinese vendors in accordance with EU and international trade law;

    6.  Considers China’s measures to be an unjustified weaponisation of its CRM supply lines, rendering it an untrustworthy source of input for critical sectors and a threat to the Union’s economic and essential security interests;

    7.  Expresses deep concern over the requirements, imposed by Chinese authorities, that applicants must disclose sensitive data when applying for export permits, and over the considerable risk of technology leaks associated with this as regards the defence industrial base value chain and national security secrets, stressing that this may be used for future coercion; considers it essential for the Commission and the Member States to assess and mitigate the security implications of such data transfers, in line with the European economic security strategy;

    8.  Urges the Commission and the Member States to accelerate the implementation of the CRMA; stresses the important role of the European Raw Materials Board and its sub-groups for the rapid and efficient implementation of the CRMA; recalls the clear and ambitious targets set to reinforce EU capacities to extract, process and recycle SRMs domestically by 2030; highlights the selection of the first 60 strategic projects under the CRMA;

    9.  Regrets the fact that the CRMA was not accompanied by a dedicated EU budget, despite the lack of funding being the main bottleneck; stresses the urgent need to secure investments in the strategic projects approved under the CRMA and in other projects to boost extraction, refining, processing and recycling that contribute to de-risking from China and to achieving the CRMA benchmarks; urges the Commission to dedicate further EU-level support to the diversification of the REE and CRM supply, and to guarantee that the forthcoming multiannual financial framework will include a budget line to foster investment in extraction, processing, circularity, research and innovation, including for the substitution of CRMs;

    10.  Underlines the need for the EU to mine domestically and re-establish processing capacity; underlines that increasing the efficiency of resource use through technological innovation is one of the objectives of the CRMA; emphasises the potential of recycling and urban mining to alleviate supply constraints in the short term and asks the Commission to take immediate measures to improve the collection and retention of REEs in the internal market;

    11.  Underlines the need to ensure the long-term business case for and the viability of investments in CRM value chains, including through financial support such as price floors, offtake support and strategic stockpiling; calls on the Member States to request that large companies producing technologies in strategic sectors duly and regularly carry out risk-preparedness activities and measures to mitigate supply shortages, including via stockpiling;

    12.  Calls on the Commission, together with the Member States, to assess the minimum level for the EU of strategic stocks of REEs listed as SRMs (neodymium, praseodymium, terbium, dysprosium, gadolinium, samarium and cerium) and the corresponding end-use applications, including those linked to the defence industry;

    13.  Calls, furthermore, for stronger engagement to conclude clean trade and investment partnerships (CTIPs) and bilateral strategic partnerships on raw materials that are based on true win-win partnerships and meet high sustainability and human rights standards; insists on the need to move towards binding agreements on CRMs to ensure the long-term security of the EU’s supplies, guarantee more transparency and ensure that Parliament has scrutiny powers; underlines the importance of free trade agreements and the Global Gateway initiative in enhancing access to CRMs;

    14.  Encourages the use of preference clauses for sourcing REEs from EU suppliers and trusted partners in relevant procurement legislation; calls for greater coordination with like-minded international partners, particularly within the G7 and NATO frameworks and with the Japan Organization for Metals and Energy Security, in order to improve knowledge transfer, align supply chain security, joint investments and stockpiling strategies, and develop trusted-source standards for strategic sectors and projects;

    15.  Instructs its President to forward this resolution to the Council, the Commission, the Vice-President of the Commission / High Representative of the Union for Foreign Affairs and Security Policy, the governments and parliaments of the Member States and the Government and Parliament of the People’s Republic of China.

    (1) OJ L, 2024/1252, 3.5.2024, ELI: http://data.europa.eu/eli/reg/2024/1252/oj.
    (2) OJ L, 2024/1735, 28.6.2024, ELI: http://data.europa.eu/eli/reg/2024/1735/oj.

    MIL OSI Europe News

  • MIL-OSI Europe: Text adopted – Future of the EU biotechnology and biomanufacturing sector: leveraging research, boosting innovation and enhancing competitiveness – P10_TA(2025)0165 – Thursday, 10 July 2025 – Strasbourg

    Source: European Parliament

    The European Parliament,

    –  having regard to the Treaty on the Functioning of the European Union (TFEU), in particular Articles 9, 151, 152, 153(1) and (2) thereof, as well as Articles 173 and 179 thereof, which concern EU industrial policy and research and refer to, among other things, the competitiveness of the Union’s industry and the strengthening of the Union’s scientific and technological bases,

    –  having regard to the Treaty on European Union, in particular Article 5(3) thereof and Protocol No 2 thereto on the application of the principles of subsidiarity and proportionality,

    –  having regard to the Commission communication of 20 March 2024 entitled ‘Building the future with nature: Boosting Biotechnology and Biomanufacturing in the EU’ (COM(2024)0137),

    –  having regard to the report by Mario Draghi of 9 September 2024 entitled ‘The future of European competitiveness’,

    –  having regard to the Commission communication of 29 January 2025 entitled ‘A Competitiveness Compass for the EU’ (COM(2025)0030),

    –  having regard to the Commission communication of 26 February 2025 entitled ‘The Clean Industrial Deal: A joint roadmap for competitiveness and decarbonisation’ (COM(2025)0085),

    –  having regard to the Commission communication of 11 December 2019 entitled ‘The European Green Deal’ (COM(2019)0640),

    –  having regard to the report by Enrico Letta of 10 April 2024 entitled ‘Much more than a market’,

    –  having regard to the Commission communication of 19 February 2025 entitled ‘A Vision for Agriculture and Food – Shaping together an attractive farming and agri-food sector for future generations’ (COM(2025)0075),

    –  having regard to Rule 55 and Rule 148(2) of its Rules of Procedure,

    –  having regard to the report of the Committee on Industry, Research and Energy (A10-0123/2025),

    A.  whereas the EU biotechnology and biomanufacturing sector has been recognised as one of 10 strategic technology sectors for Europe’s competitiveness, economic security and sustainability; whereas the sector is characterised by very high productivity, growth and employment, and delivers globally competitive, cutting-edge solutions in healthcare, life sciences, industrial production and transformation, sustainable biomanufacturing, energy and food security; whereas biotechnology and biomanufacturing are important enablers of the bioeconomy at large; whereas biotechnology and biomanufacturing can help enhance the EU’s strategic autonomy, resilience and circularity by reducing industry’s dependency on fossil-based input and other external dependencies in various sectors; whereas the biotechnology and biomanufacturing sector still faces regulatory and financial obstacles and an incomplete internal market; whereas the Commission is expected to present an EU biotech act, an updated EU bioeconomy strategy, an EU life sciences strategy, an EU innovation act and an EU circular economy act;

    B.  whereas according to the Organisation for Economic Co-operation and Development (OECD), biotechnology is defined as the application of science and technology to living organisms, as well as parts, products and models thereof, to alter living or non-living materials for the production of knowledge, goods and services; whereas biomanufacturing is not clearly defined and the Commission should therefore propose such a definition; whereas a definition of biomanufacturing should be future-proof, open to scientific and technological developments, and technology neutral, so as to broadly encompass the use of biotechnology or other technologies for the production of bio-based material products and solutions including, but not limited to, chemical, mechanical or thermal processes;

    C.  whereas the biotech and biomanufacturing industries have led the development and deployment of breakthrough innovations in healthcare, such as mRNA-based vaccines; whereas biotechnology processes can be used to manufacture active pharmaceutical ingredients and key manufacturing inputs for medicines;

    D.  whereas the COVID-19 pandemic highlighted the importance of having robust raw material value chains and manufacturing capabilities within Europe, to ensure security of supply of critical products and to mitigate shortages, for example of essential medicines;

    E.  whereas artificial intelligence (AI) can help drive biotechnology innovation – e.g. in personalised medicine and drug discovery – resulting in health and environmental benefits; whereas the use of AI in biotechnology can also present ethical challenges and risks, related to the protection of private data, which need to be addressed in order to maintain public trust and acceptance;

    F.  whereas biotechnology is applied in various aspects of animal and plant-based agriculture and also indirectly, through its use in activities such as waste management;

    G.  whereas biotechnology can strengthen the resilience of forests and, in the case of biomanufacturing, the forest sector can offer sustainably produced, renewable and recyclable raw materials that can be used in high-value innovative products, materials and applications;

    H.  whereas the EU is a global leader in research and biomanufacturing capacity, yet its potential remains unexploited due to the lack of a sufficiently coordinated policy framework that enables the efficient scaling up of innovation, the attraction of investment and the commercialisation of new technologies; whereas the ‘one in, one out’ approach ensures that all burdens introduced by Commission initiatives are considered, and administrative burdens are offset by removing burdens of equivalent value in the same policy area at EU or Member State level; whereas Parliament has called for the EU’s research budget to be doubled; whereas EU private investment in research, development and innovation is lagging behind other major economies; whereas promoting investment in pioneering demo and commercial production plants can accelerate the commercialisation of EU innovation in the bio-based industries;

    I.  whereas urgent, coherent and consistent action needs to be taken during the next few years to make the EU a world leader in biotechnology, biomanufacturing and life sciences effecting a bold level of change, in accordance with due process and supported by competitiveness checks and adequate funding;

    J.  whereas lengthy and complex authorisation procedures, particularly concerning approval times, represent a competitive disadvantage for EU operators and drive project developers out of the EU, and hinder industrial deployment and growth;

    K.  whereas current EU regulatory frameworks do not cater precisely to the specificities of bio-based products; whereas the existing regulatory authorisation processes for biotech products needs to be urgently addressed to ensure that the EU remains globally competitive; whereas an effective regulatory framework for conducting clinical research is essential for the competitiveness of the most innovation-intensive aspects of the EU’s pharmaceutical and biotechnology sectors; whereas the Commission should take account of the regulatory frameworks of non-EU countries leading in the biotechnology and biomanufacturing sector, in the context of existing and future EU legislation covering the industry, to ensure compatibility without lowering existing EU safety and environmental standards;

    L.  whereas the EU’s biotechnology and biomanufacturing investment and venture capital ecosystem remains fragmented; whereas high energy prices, regulatory burdens, barriers, and a lack of available key feedstock, raw materials and components are limiting the ability of start-ups and other small and medium-sized enterprises (SMEs) to scale up, and limit large-scale deployment; whereas EU biomanufacturing capacity and supply chain resilience, including the availability of feedstock, are essential to reduce dependence on non-EU actors; whereas effective global supply chains – including strategic partnerships with reliable global actors – are also important to secure stable access to critical resources, avoid supply disruptions and foster continuous innovation in essential technologies;

    M.  whereas bio-based feedstocks, such as sustainably sourced biomass, recycled waste and CO2 captured from biogenic sources, could be used as alternative feedstocks for the manufacturing of, for example, polymers, plastics, solvents, paints, detergents, cosmetics and pharmaceuticals, thereby contributing to EU emission reduction, resource efficiency and strategic autonomy; whereas the EU could further incentivise market demand and market uptake for sustainable bio-based products and materials;

    N.  whereas it is vital to increase the use of sustainable bio-based raw materials as part of the means of reaching the EU’s 2050 climate targets; whereas biotechnology has the potential to transform the refinery and chemical industry towards biomanufacturing, thereby reducing greenhouse gas emissions, in line with the EU’s climate objectives;

    O.  whereas biotechnology and biomanufacturing are regulated across many different regulatory frameworks; whereas current EU regulatory frameworks for biotechnology and biomanufacturing are inconsistent across sectors, creating legal uncertainty and slowing market access for innovative solutions; whereas the lengthy authorisation processes, particularly concerning approval times, need to be urgently addressed and improved, while maintaining a risk- and science-based approach, to compete with corresponding time frames outside the EU; whereas the use of regulatory sandboxes should be expanded to ensure that emerging technologies have a clear development pathway; whereas new EU-wide regulation in the form of an EU biotech act should be duly justified based on examples of concrete gaps and shortcomings in current legislation and implementation, focusing on the specificities of the industry;

    P.  whereas a coherent, robust and future-proof intellectual property (IP) framework is essential, ideally resulting in economic, environmental and societal benefits;

    Q.  whereas public awareness in the EU of biotechnology and biomanufactured products should be further strengthened, in order to boost public acceptance; whereas the ethical aspects of biotechnology should be considered; whereas stakeholder consultation plays a crucial role in shaping responsible and ethical biotechnology policies; whereas civil society can play an essential role in ensuring public trust;

    R.  whereas the engineering of DNA and organisms is increasingly carried out in automated biofoundries, which produce a wealth of data and improved designs and knowledge of biological functions;

    S.  whereas the EU’s regulatory framework needs to adequately address evolving risks, opportunities and responsibilities associated with the handling, trade and synthesis of biological material, particularly in the context of synthetic biology; whereas existing biosecurity gaps need to be addressed by the EU and through international cooperation;

    Criteria for a comprehensive EU biotech act

    1.  Emphasises the growth potential of the European biotechnology and biomanufacturing sector and the need for the EU to remain world-leading in this field; underlines the commitment to the principles of better regulation and lawmaking, simplification and administrative burden reduction; underlines that the simplification of EU legislation must not endanger any of the fundamental rights of citizens, workers and businesses or risk regulatory uncertainty; believes that any simplification proposal should not be rushed and proposed without proper consideration, consultation and impact assessments; therefore asks the Commission, if it proposes a new EU-wide regulation in the form of an EU biotech act, to address concrete gaps and shortcomings in current legislation and implementation, and to present legislation that can be revised, simplified, streamlined, repealed and which reduces bureaucratic burdens, focusing on the specificities of the industry and maintaining relevant safety and security standards; asks that an EU biotech act adopt a comprehensive cross-sectoral scope and that it be accompanied by an impact and cost assessment, competitiveness checks as well as a comprehensive assessment by the Regulatory Scrutiny Board, taking due consideration of the impact on SMEs, start-ups and scale-ups, as well as the interaction with other relevant legislative and non-legislative initiatives, including proposals currently undergoing the co-legislative procedure;

    2.  Recalls that according to the OECD, biotechnology is defined as the application of science and technology to living organisms, as well as parts, products and models thereof, to alter living or non-living materials for the production of knowledge, goods and services; notes, however, that biomanufacturing is not clearly defined and calls on the Commission to propose such a definition;

    3.  Recommends streamlining and harmonising existing and upcoming initiatives relating to biotechnology and biomanufacturing, with the objective of strengthening the biotechnology and biomanufacturing industry through clear industrial and research and development (R & D) competences;

    4.  Urges the Commission to ensure coherence and consistency across all initiatives and legislative measures that may affect biotechnology and biomanufacturing innovations and companies, especially start-ups and scale-ups;

    5.  Calls on the Commission to ensure that any future relevant legislative initiatives have a broad enough scope to capture the width of the biotechnology and biomanufacturing industry and its full range of applications; recommends facilitating a fast and efficient uptake of biotechnology and biomanufacturing through clear regulatory frameworks;

    6.  Calls on the Commission to implement measures within its structures in order to ensure coordination, coherence and complementarity across its relevant directorates-general, and to enable more efficient scale-up and commercialisation of research, development and innovation results; highlights the importance of efforts to improve policy coherence and coordination at national level;

    7.  Calls on the Commission to take account of regulatory frameworks of non-EU countries leading in the biotechnology and biomanufacturing sector, in the context of existing and future EU legislation covering the industry, to ensure compatibility, where possible and without compromising consumer safety, and a level playing field for EU biotech companies competing internationally, and to learn from best practices from outside the EU without lowering existing EU standards;

    8.  Calls on the Commission to present a report on the implementation of current legislation in the field of biotechnology and biomanufacturing, including identifying potential gaps and regulatory barriers hampering the growth of the industries applying these technologies and manufacturing processes, including barriers to improving the EU’s self-sufficiency in key feedstocks, raw materials and components; recalls the precautionary principle laid down in Article 191 TFEU; urges the Commission to share with Parliament the preliminary findings of its study on regulatory burden, in this regard, and the potential need to review legislation related to biotechnology and biomanufacturing; calls for a simplification of current requirements for the sector across regulatory frameworks to enable faster approval procedures and market access, while maintaining a risk- and science-based approach and avoiding regulatory uncertainty;

    9.  Welcomes the recently launched Biotech and Biomanufacturing Hub; requests that the Commission provide further guidance to EU biotechnology and biomanufacturing companies and the Member States with regard to the Net-Zero Industry Act(1) and the new Clean Industrial Deal in terms of permitting and financing, and to consider the creation of supporting hubs, in order to improve guidance and advice to companies navigating through the regulatory framework;

    10.  Calls on the Commission to urgently streamline, simplify and shorten the time required for authorisation procedures, particularly approval time frames, for biotechnology materials and products throughout their manufacturing- and life-cycles, and to facilitate the market uptake of bio-based solutions, including the provision of pre-authorisation guidance, while maintaining a risk- and science-based approach, particularly in the context of its regular review of EU agencies such as the European Food Safety Authority, the European Medicines Agency and the European Chemicals Agency; calls on the Commission to ensure that the relevant EU agencies are adequately resourced, to enhance their capacity for conducting authorisation procedures in a timely manner;

    11.  Calls on the Commission to consider the possibility of a simplified approvals procedure for biotechnology products that have already been approved by trusted regulatory bodies in like-minded countries with EU-equivalent standards;

    12.  Calls on the Commission to consider simplifying labelling practices, such as the use of QR codes, and ensure fair market conditions between biotechnology and other products, such as marketing and advertising, without compromising consumer safety or access to relevant consumer information;

    13.  Recalls that harmonised, predictable, future-proof and internationally competitive IP and data protection rules for biotechnology and biomanufacturing patents are essential for the development of the industry, resilient supply chains and sustainable economic growth; underlines the importance of improving IP protection rules by longer terms for patented technologies to strengthen the EU’s competitiveness, foster innovation and the EU’s strategic autonomy, protect cutting-edge technologies, reward long-term investments, and support high-risk research; considers that a coherent, robust and future-proof IP framework is essential; welcomes, in this regard, the EU’s recently established unitary patent system;

    14.  Calls for a common clinical trials framework with streamlined approval procedures across the Member States to minimise administrative burdens and delays, and which allows for the use of real-world evidence for biotechnology therapies; asks the Commission to present the current situation in this regard, as well as potential improvements; calls for the swift implementation of the Clinical Trials Regulation(2) and the use of the EU’s Clinical Trials Information System;

    15.  Underlines the strategic importance for the EU of a strong biotechnology ecosystem to support R & D, manufacturing, and patient access to innovative medicines; points out that biotechnology processes can be used to manufacture active pharmaceutical ingredients and key manufacturing inputs for both off-patent and innovative medicines;

    16.  Recommends using the next generation of regulatory sandboxes to assess the specific impacts and possibilities of emerging biotechnology and biomanufacturing applications, ensuring that new technologies can be trialled in a controlled but flexible and future-proof regulatory environment; stresses the importance of ensuring that EU policy takes account of technological and scientific developments to safeguard the EU’s global competitiveness;

    17.  Recommends developing a strategy to support biotechnology and biomanufacturing companies transitioning from the regulatory sandbox regime to full market access; requests that the strategy include, but not be limited to, support mechanisms, regulatory assistance and guidance on compliance with EU legislation;

    The need to promote the advantages and specificities of the biotechnology and biomanufacturing industry

    18.  Underlines that effectively scaling up biotechnology and biomanufacturing in the EU hinges on a robust, competitive and circular bioeconomy; calls on the Commission to present an updated bioeconomy strategy, which takes account of current challenges and reinforces the bioeconomy’s industrial dimension and its links to biotechnology and biomanufacturing, incentivising the development and production of sustainable, innovative, high-value added bio-based materials, products and solutions, to contribute to EU competitiveness and strategic autonomy;

    19.  Acknowledges the important role biomass plays in biomanufacturing; recalls, in this regard, the importance of adopting an approach open to different sustainable biomass technologies grounded in robust analysis, and with the aim of enhancing feedstock access and use, as well as harnessing international supply chains, while aiming to avoid unintended environmental externalities;

    20.  Underlines the need to account for the specificities of biogenic carbon, bio-based products and processes, and to differentiate them from petrochemical and fossil-based products, in the context of EU and national chemical, materials and environmental legislation;

    21.  Points out that essential components, such as enzymes, lactic acid bacteria and other microorganisms, run the risk of being prohibited or unduly disincentivised by EU regulations primarily designed for petrochemical and synthetic substances, such as the REACH Regulation(3);

    22.  Is concerned that the European Investment Bank (EIB)’s interpretation of sustainability criteria under the EIB Group Paris alignment framework may result in access to funding for bio-based materials and projects being denied; asks the Commission to examine relevant definitions accordingly and encourage biotechnology- and biomanufacturing-friendly interpretations; calls on the EIB to propose de-risking instruments for biotechnology and biomanufacturing, in order to raise capital; calls, moreover, on the EIB to improve outreach, advisory support and information on financing instruments and opportunities for eligible biotechnology and biomanufacturing projects, in particular SMEs, start-ups and scale-ups;

    23.  Underlines the benefit and contribution of bio-based products and processes to the EU’s CO2 reduction objectives, which, given the potential of these products to increase sustainability and lower the EU’s environmental footprint, need to be reflected in respective life cycle assessments, information for consumers and public procurement;

    24.  Considers that, in order to accelerate the substitution of fossil-based feedstocks, the market demand and market uptake of sustainable bio-based products could be further incentivised in the EU; considers that bio-based feedstocks, such as sustainably sourced biomass, recycled waste and CO2 captured from biogenic sources, could be used as alternative feedstocks for the manufacturing of various products, contributing to the EU’s emissions reduction, resource efficiency and strategic autonomy; in this context, recalls the commitment in the EU’s Competitiveness Compass to develop policies to reward early movers; considers that coherent and adequate sustainability criteria should be ensured for biomass;

    25.  Underlines the importance of upholding the EU’s high standards of food and consumer safety and the potential of biotechnology applications when assessing biotechnology applications in food and feed to protect consumer health, assess impact on circularity and sustainability, and to consider social, ethical, economic, environmental and cultural aspects of food innovation; calls on the Commission to identify smooth routes to market for safe applications of biotechnology in food products, while reiterating that such biotechnology applications need to be properly examined, prior to any future authorisation and subsequent placing on the EU market, including gathering toxicological information and clinical and pre-clinical studies where relevant, and ensuring traceability;

    26.  Underlines that biosecurity risks, including bioethical considerations, must be addressed in conjunction with biotechnology and biomanufacturing innovation, ensuring responsible access to and use of synthetic biology tools, genetic editing technologies and biological materials; calls for the establishment of an EU biosecurity registry for synthetic DNA, benchtop synthesis equipment and genetic engineering tools, improving transparency and risk-assessment mechanisms, in consultation with relevant stakeholders, such as industry and civil society, and while ensuring sensitive data is adequately protected; stresses the importance of EU strategic autonomy in biotechnology supply chains, ensuring that critical biomanufacturing inputs and expertise remain within Europe; calls for stronger international cooperation on biosecurity standards, including mandatory international screening standards, ensuring that EU-based biotechnology and biomanufacturing companies benefit from global best practice while maintaining competitiveness;

    27.  Urges the Commission to conduct a study on biological materials and to present an updated communication and an action plan on chemical, biological, radiological and nuclear risks, in particular regarding bioterrorism and bio-risks;

    Horizontal issues

    28.  Underlines the importance for supply chain security of ensuring a sufficient, stable and competitive supply of feedstock, raw materials and essential components, such as sustainable biomass and enzymes for biotechnology and biomanufacturing companies; calls for potential risks, gaps and dependencies to be closely monitored while safeguarding company-sensitive data and the functioning of the internal market;

    29.  Stresses the importance of developing EU raw material value chains and manufacturing, and enhancing self-sufficiency where possible, while also fostering strategic partnerships and cooperation with like-minded non-EU countries to secure resilient and diversified access to critical inputs of biotechnology and biomanufacturing industries in the EU;

    30.  Stresses that, in an increasingly tense geopolitical context, biotechnology and biomanufacturing should be fully leveraged to strengthen the EU’s strategic autonomy, enhance food security and reduce dependence on non-EU countries; highlights the need to stimulate market demand and uptake of bio-based products to boost the growth, competitiveness and sustainability of the EU biotechnology and biomanufacturing sector;

    31.  Notes that the scale-up and commercialisation of research results remains a major challenge in the EU, and stresses the need to improve knowledge and technology transfer between academia and industry to ensure that EU-funded biotechnology and biomanufacturing research leads to commercial applications and industrial deployment; highlights the importance of strengthening public-private collaboration and supporting universities and research institutions with high levels of technology transfer, spin-offs, and start-up creation, for example by applying the CERN model of building start-up studios within research institutions; calls for strategic investments in shared EU infrastructure – such as pilot facilities, biobanks or innovation accelerators – to support the scale-up of prototypes and the market uptake of innovative biotechnology and biomanufacturing solutions; underlines that innovation cannot solely take place for short-term economic benefit, and that biotechnology and biomanufacturing innovation should be driven through a bottom-up approach under a standalone and long-term framework programme; calls on the Commission to facilitate the creation of world-leading research hubs for biotechnology and biomanufacturing to drive innovation and collaboration between academia, industry and venture capital; emphasises the need for robust physical testing facilities in the biotechnology and biomanufacturing sector to drive innovation and facilitate the production and market access for SMEs and start-ups;

    32.  Stresses the need to ensure access to affordable energy for biotechnology and biomanufacturing operators, given the high energy intensity of large-scale biological production processes; underlines the importance of facilitating the authorisation and validation of large industrial plants, such as bioreactors, which are essential for scale-up but also face significant construction and operating risks; welcomes the latest revision of the Renewable Energy Directive(4) and its provisions to simplify permitting procedures, and calls on the Member States to swiftly implement relevant measures to support the deployment of biotechnology and biomanufacturing infrastructure;

    33.  Underlines the need for a skilled and diverse European workforce in the biotechnology and biomanufacturing sector and for the promotion of entrepreneurial skills, in close collaboration with industry and research institutions; calls for increased investment in biotechnology and biomanufacturing education and targeted professional training, including in but not limited to areas such as regulatory compliance, quality assurance and process engineering; supports the development of competence centres and public-private training initiatives across all Member States to enable upskilling, reskilling and lifelong learning to safeguard the attractiveness of the biotechnology and biomanufacturing industry; highlights the importance of adapting educational curricula to the evolving needs of the sector, and of promoting science, technology, engineering and mathematics (STEM) subjects, with a particular focus on attracting more girls and women into biotechnology and biomanufacturing careers; encourages more public awareness about career opportunities in the field to attract talent from non-EU countries and suggests exploring the potential for transatlantic cooperation; welcomes the recently launched Choose Europe for Science pilot scheme to attract top non-EU researchers, scientists and academics to Europe;

    34.  Calls for the urgent completion of the capital markets union to attract institutional investors to the biotechnology and biomanufacturing industry, including venture capital, pension funds and private equity; underlines that the sector is characterised by high levels of risk and that reducing the cost of failure in the EU is necessary for attracting large-scale capital investment; calls for dedicated support to ensure that biotechnology and biomanufacturing SMEs, start-ups and scale-ups can access sufficient funding and compete globally; stresses that cross-border investment barriers must be reduced to facilitate investment in biotechnology and biomanufacturing scale-ups;

    35.  Notes that public-private partnerships and mission-driven EU investment strategies, such as the Circular Bio-based Europe Joint Undertaking, are essential for de-risking biotechnology and biomanufacturing innovation and for increasing the likelihood that IP and industrial capacity remain in Europe; urges EU investment instruments, such as the InvestEU programme, to be strengthened to support biotechnology and biomanufacturing projects considered as high-risk from an investment perspective; underlines that the sector is characterised by a high concentration of SMEs, which face disproportionate barriers in accessing capital despite being critical drivers of innovation; supports the exploration of a biotechnology Important Project of Common European Interest to facilitate industrial deployment and first-mover investments in bio-based chemicals, materials, and products and solutions;

    36.  Notes that public awareness of biotechnology and biomanufactured products in the EU should be further strengthened to boost public acceptance; recommends engaging with citizens and civil society organisations to communicate the characteristics, benefits and implications of the growing presence of biotechnology-based products and services in the European market;

    Future-proof research and innovation

    37.  Regrets that European private investment in research, development and innovation is lagging behind other major economies and that the scale-up and commercialisation of research results remain a major challenge in Europe; highlights the fact that European and national public systems for R & D funding remain complex and insufficiently coordinated, resulting in duplications and inefficiencies; calls for an EU-wide approach to coordinating public investment in R & D for biotechnology and biomanufacturing, with the dual objective of closing excellence and innovation gaps and accelerating commercialisation; underlines the importance of strengthening European collaboration, pooling knowledge and resources, and leveraging public funding with private investment; recalls the key role of framework programmes such as Horizon Europe in fostering scientific excellence, innovation and technical development and calls for targeted investment in strategic biotechnology and biomanufacturing subfields, such as industrial, environmental, marine, health and agri-food biotechnology;

    38.  Reiterates the call to double the EU’s research budget and to reach the target of 3 % of EU gross domestic product being devoted to R & D by 2030;

    39.  Notes the growing role of synthetic biology, bioinformatics, data and game-changing AI-driven biotechnology and biomanufacturing research; calls on the Commission to integrate biotechnology and biomanufacturing innovation into the EU digital and AI strategies, ensuring interoperability between biotechnology and biomanufacturing data infrastructure and AI-driven discovery platforms; notes that AI capabilities are dependent on the efficient use of data; considers that the creation of industrial data spaces for biotechnology and biomanufacturing is important for efficient data sharing;

    40.  Acknowledges that, while AI systems and quantum computing can significantly speed up research and lead to new innovations, enabling better computational designs of biological systems, they can also increase the risk of biological threats; underlines, therefore, the need to apply a risk-based approach to the use of AI in scientific research and manufacturing;

    41.  Considers that the ethical use of AI, bioinformatics and synthetic biology is crucial for building trust and for society at large to benefit from these technologies; underlines the need to safeguard data privacy, data security, transparency and human oversight of the use of AI systems in the health biotechnology sector;

    o
    o   o

    42.  Instructs its President to forward this resolution to the Council and the Commission.

    (1) Regulation (EU) 2024/1735 of the European Parliament and of the Council of 13 June 2024 on establishing a framework of measures for strengthening Europe’s net-zero technology manufacturing ecosystem and amending Regulation (EU) 2018/1724 (OJ L, 2024/1735, 28.6.2024, ELI: http://data.europa.eu/eli/reg/2024/1735/oj).
    (2) Regulation (EU) No 536/2014 of the European Parliament and of the Council of 16 April 2014 on clinical trials on medicinal products for human use, and repealing Directive 2001/20/EC (OJ L 158, 27.5.2014, p. 1, ELI: http://data.europa.eu/eli/reg/2014/536/oj).
    (3) Regulation (EC) No 1907/2006 of the European Parliament and of the Council of 18 December 2006 concerning the Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH), establishing a European Chemicals Agency, amending Directive 1999/45/EC and repealing Council Regulation (EEC) No 793/93 and Commission Regulation (EC) No 1488/94 as well as Council Directive 76/769/EEC and Commission Directives 91/155/EEC, 93/67/EEC, 93/105/EC and 2000/21/EC (OJ L 396, 30.12.2006, p. 1, ELI: http://data.europa.eu/eli/reg/2006/1907/oj).
    (4) Directive (EU) 2023/2413 of the European Parliament and of the Council of 18 October 2023 amending Directive (EU) 2018/2001, Regulation (EU) 2018/1999 and Directive 98/70/EC as regards the promotion of energy from renewable sources, and repealing Council Directive (EU) 2015/652 (OJ L, 2023/2413, 31.10.2023, ELI: http://data.europa.eu/eli/dir/2023/2413/oj).

    MIL OSI Europe News

  • MIL-OSI United Kingdom: Diplomacy in the digital age: Foreign Secretary’s speech, July 2025

    Source: United Kingdom – Government Statements

    Speech

    Diplomacy in the digital age: Foreign Secretary’s speech, July 2025

    Foreign Secretary David Lammy delivered a speech on diplomacy in the digital age whilst in Singapore.

    It’s great to be here today.  

    As you have heard, I recently marked 25 years as a member of Parliament and this week one year as Foreign Secretary. It’s a pleasure to visit your great country following your sixtieth birthday as a nation. 

    Whenever I’ve come to Singapore and the wider ASEAN region, I’m struck by the innovative spirit, the creativity and the optimism.  

    Sixty years ago, Prime Minister Harold Wilson talked of the “white heat of technology” transforming British society and industry. Today, the whole world is being radically reconfigured by technology, but nowhere faster, or more successfully, than here.  

    I’m particularly pleased to be here after my second ASEAN foreign ministers meeting in Malaysia. In Laos last year, I promised to reconnect Britain to the Indo-Pacific and that is well underway.  

    In just over a year, I’ve made 5 visits spanning 10 countries to the region. I’ve no doubt this will rise during my time in this job.   

    The Indo-Pacific matters to the UK. ASEAN will be the world’s fastest-growing economic bloc over the next decade. Your investments into Britain like Malaysian firm SMD Semiconductor’s new R&D hub in Wales, your market of 700 million consumers are a huge part of our growth ambitions.  

    Over the past year, we have been delivering on our promise to bring our economies closer together. Our CPTPP membership now ratified, our free trade agreement with India now signed our Industrial and Trade Strategies now published all speak to a hugely ambitious future for Britain in the Indo-Pacific.  

    But we want to go much further.  We’re working with ASEAN on their Power Grid and economic resilience.  We support CPTPP widening, deepening, and starting dialogues with trading blocs like ASEAN and the EU.  

    We are exploring other agreements, too, like a deeper FTA with South Korea or accession to the Digital Economic Partnership Agreement which Singapore co-founded. Today’s ‘digital trade’ will tomorrow simply be ‘trade’, and Britain is committed to making it faster, cheaper and easier. 

    As you in Singapore know very well this region is the crucible for global security. Partner countries like Britain must stand up for an open, stable and rules-based international system because our region’s security and your region’s security are inextricably linked. 

    Russia’s illegal invasion of Ukraine drove market turbulence in Asia. Any major supply chain disruption in Asia could push prices up in Britain. If we have learnt one lesson over the past decade, it is that economic security does not respect borders.  

    That is why Britain’s new National Security Strategy recommitted to the vision of a free and open Indo-Pacific region. Our Carrier Strike Group recently sailed through your waters – a deployment involving 12 other nations.  

    We’re deepening our many regional security partnerships including AUKUS and the Five Power Defence Arrangements. 

    HMS Prince of Wales, as we’ve heard, is participating in Exercise Bersama Lima in September and the Malaysian chair kindly invited me to the ASEAN Regional Forum just yesterday, where I underlined British support for ASEAN centrality and our growing cooperation against transnational crime and illicit finance. 

    In Singapore, you have proven over generations that it is not size which determines success it is strategic clarity. This is true of technology more than any other area. Singapore has shown what’s possible when digital innovation is matched with long-term thinking and national purpose.  

    Back in 1981, when most of us were still working out what a computer was, your leaders set up a National Computerisation Committee. In 2014, Prime Minister Lee Hsien Loong launched the whole-of-government Smart Nation initiative. Then in 2019, Teo Chee Hean unveiled a National AI Strategy.  

    Each time, your leaders were ahead of the game. Each time there was a broader lesson. Singapore didn’t get ahead by throwing money at the private sector and hoping for the best.

    Instead, you built serious public capability like SingPass, thanks to deep technical expertise inside government and investments in areas like compute and data infrastructure.  

    Starting in this job, I said that Britain needed to do more listening and less lecturing. A huge part of my trip this week has been to listen and, I hope, learn lessons on how we can pursue a similarly long-term strategy embracing technology. That vision must include specific focus on the intersection of AI and diplomacy.  

    This is not yet a staple of foreign ministry and foreign ministers’ discussions at least in my experience. But I believe that unless we lift our heads above the rat-race of crises and summits and examine the longer-term trends reshaping our world we will be boiled like the proverbial frog.   

    AI is not just the next rung in the technological ladder. It will deliver a paradigm shift in the distribution and exercise of power. It will redefine how nations project influence how threats emerge and how we defend ourselves. It will therefore transform how diplomacy is conducted. 

    As Prime Minister Wong said earlier this year: “The once-rising tide of global cooperation that defined the past decades is giving way to one of growing competition and distrust.  As a result, the world is becoming more fragmented and disorderly”.

    There is much evidence of emerging technology catalysing the deterioration of both domestic and international norms. AI is at the spearhead of hybrid threats like disinformation. It is not enough for responsible states to complain about others’ reckless behaviour.  

    If we do not invest in gaining technological edge then our influence will inevitably decline. So today I want to outline a more hopeful vision of a sovereign, AI-enabled foreign policy. 

    I am proud of the role British diplomacy played at the Bletchley AI Safety Summit, our creation of the AI Security Institute, our plans for a new counter-hybrid taskforce in the FCDO to ready us for this new age. 

    I’m pleased also to see our work with Singapore in areas such as Responsible AI in the Military Realm and with ASEAN on AI for development. 

    But there has been little discussion between Britain and partners in the Indo-Pacific and beyond on how to use AI and advanced technology to make our diplomacy more effective.   

    I am determined to address this gap as Foreign Secretary, bringing AI to the centre of the FCDO’s policy machine. Like most foreign ministries, too many Foreign Office practices have changed little over the past half century. But the old levers of government – briefings, memos, lengthy debates on drafting – are too slow and cumbersome for the pace of modern statecraft.  

    In an age of ever-accelerating speed and complexity we need the tools to match. Let me be clear: AI will obviously not solve foreign policy. It will not eliminate risk, nor remove the need for careful human judgement and the ability of people to build trusting relationships, as I have been doing with ASEAN partners this week.  

    Diplomacy in 2025 needs machine speed and a human touch. It can help us to make better decisions amidst rising uncertainty. It can improve our ability to detect early signals of crisis, to simulate the likely effects of policy choices and to respond with speed and confidence. 

    Imagine for a moment an AI-powered unit at the heart of a foreign ministry. That could catalyse patterns of military movement, energy flows, and online narratives, model how a diplomatic crisis in one part of the world will have ripple effects elsewhere, red-team our response to a crisis – attacking our own policies before others can. Or flag emerging risks that human analysts might miss, especially when they emerge in grey zones favoured by adversaries.

    These capabilities are not science fiction. They are already being employed. The United States’ DARPA and KAIROS projects already simulate complex political developments and anticipate conflict escalation. Estonia’s STRATCOM Centre uses AI-enabled systems to detect disinformation campaigns in real time.  

    Of course, Singapore’s Ministry of Trade and Industry uses predictive analytics to flag risks to critical supply chains. 

    The question before us is not whether AI will shape foreign policy. It is who will shape it, and how.  

    In the British Foreign Office, this government is investing £290 million in reforming our Department, helping to equip our teams with the capabilities and technologies that the modern era demands.

    But outside of the United States and China, no country has the scale to deliver all the capabilities we need independently.  

    My call today is therefore for more collaboration, more AI diplomacy within a perimeter of values. I want partners such as Britain and Singapore to align standards, share tools and develop models that reflect our shared principles.  

    Deep bilateral partnerships will be at the core of Britain’s approach. For us, our special relationship with the United States will remain foundational rooted in particular on our deep security links.  

    With the European Union, we can pursue AI cooperation through the prism of foreign policy and security, not just regulation, and I will be discussing this with Kaja Kallas as part of our recently agreed Security and Defence Partnership.  

    With India through the ‘Technology Security Initiative’ we agreed last year, we will focus collaboration more sharply in critical and emerging technologies.  

    And with other Indo-Pacific partners I hope that we can build on initiatives like the UK-ASEAN AI Innovation Summit later this year and extend cooperation to AI-enabled foreign policy.  

    I said that you in Singapore have shown the power of long-term thinking. The importance of a long-term vision, and I hope we can apply that same approach to breaking down the silos between foreign policy and technology.  

    We live in a volatile world. Technology is reshaping our societies, making power more diffuse. Nations like Britain and Singapore need to equip ourselves with the tools to navigate these shifts and that means fusing AI and diplomacy, focusing on a long view of change and doubling down on our shared interests.  

    Thank you.

    Updates to this page

    Published 12 July 2025

    MIL OSI United Kingdom

  • MIL-OSI Africa: Seychelles represented at the 47th Ordinary Session of the Executive Council of the African Union

    Source: APO


    .

    Ambassador Selby Pillay represented Mr Sylvestre Radegonde, Minister of Foreign Affairs and Tourism of the Republic of Seychelles, at the 47th Ordinary Session of the Executive Council of the African Union in Malabo, Equatorial Guinea from 10th to 11th July 2025.

    The 47th Ordinary Session was conducted under the theme: “Justice for Africans and People of African Descent through reparations”. It adopted the African Union Commission budget for 2026, assessed the implementation of the Agenda 2063, considered the roadmap on the theme of the year 2026, and endorsed decisions on critical issues affecting the African Continent.

    During the discussions on the roadmap of the theme for the year 2026: “Assuring Sustainable Water Availability and Safe Sanitation Systems to Achieve the Goals of Agenda 2063”, Ambassador Pillay recognised the inseparable linkage between water and other factors such as health, agriculture, and climate resilience. He further underscored that “Seychelles, as a Small Island Developing State, will always be a strong advocate for environment sustainability and climate change, due to its vulnerabilities mainly from the devasting effects of climate change”.

    The Ordinary Session further witnessed the election of Professor Gaspard Banyankimbona from Burundi as the new African Union Commissioner for Education, Science, Technology and Innovation (ESTI) and Mrs Francisca Tatchouop Belobe from Equatorial Guinea as the new Commissioner for Economic Development, Trade, Tourism, Industry and Minerals (ETTIM). This completes the election and appointment process of the Senior Leadership of the African Union Commission, a process which started in February 2025.

    Ambassador Pillay was accompanied by Mrs Patricia Ilunga, Second Secretary at the Embassy of Seychelles in Addis Ababa.

    Distributed by APO Group on behalf of Ministry of Foreign Affairs and Tourism, Republic of Seychelles.

    MIL OSI Africa

  • MIL-OSI United Kingdom: UK Trade Policy updated to benefit citizens and allies

    Source: United Kingdom – Executive Government & Departments

    World news story

    UK Trade Policy updated to benefit citizens and allies

    Boost for British consumers and Developing Countries as UK launches new trade measures

    • New measures will make it easier for developing countries to trade, supporting jobs and economic growth in the UK overseas. 
    • UK businesses and consumers to benefit from more competitively priced imports as part of upgrades to the Developing Countries Trading Scheme. 
    • Part of the UK’s Plan for Change and recently launched Trade Strategy to grow trade with markets of the future, strengthen global partnerships and deliver for British households. 

    British consumers and businesses are set to benefit from a package of new trade measures unveiled today (10 July), which will simplify imports from developing countries — helping to lower prices on everyday goods while supporting jobs and growth in some of the world’s poorest nations.

    The measures will give UK consumers greater access to competitively priced imports — from clothes to food and electronics — as upgrades to the Developing Countries Trading Scheme (DCTS) make it easier for businesses to trade with the UK, helping to lower prices on the high street.

    Upgrades include simplified rules of origin, enabling more goods from countries like Nigeria, Sri Lanka, and the Philippines to enter the UK tariff-free — even when using components from across Asia and Africa. They also ensure countries such as Bangladesh and Cambodia continue to benefit with zero tariffs on products like garments and electronics.

    This will open up new commercial opportunities for UK businesses to build resilient supply chains, invest in emerging markets, and tap into fast-growing economies.

    Ministers briefed British business leaders and Ambassadors from around the world on the changes at a joint Department for Business and Trade (DBT) and Foreign, Commonwealth & Development Office (FCDO) reception in London today.

    Minister for International Development Jenny Chapman, said: 

    The world is changing. Countries in the Global South want a different relationship with the UK as a trading partner and investor, not as a donor.

    These new rules will make it easier for developing countries to trade more closely with the UK. This is good for their economies and for UK consumers and businesses.

    Minister for Trade Policy Douglas Alexander, said: 

    No country has ever lifted itself out of poverty without trading with its neighbours.

    Over recent decades trade has been an essential ingredient in lifting hundreds of millions of people out of poverty around the globe.

    The DCTS allows some of the world’s poorest countries to export to the UK duty and quota-free, with over £16 billion in UK imports benefiting from tariff savings since its launch in June 2023.

    In addition to the DCTS changes, the UK will:

    • offer targeted support to help exporters in developing countries access the UK market and meet import standards; and
    • make it easier for partner countries to trade services — such as digital, legal, and financial services — by strengthening future trade agreements. This will create new opportunities for UK businesses to collaborate and invest in fast-growing sectors. 

    The reforms will support trade with emerging markets in Asia and Africa, strengthening the UK’s global partnerships, with major retailers such as M&S and Primark expected to benefit.  

    Director of Sourcing, Marks & Spencer PLC, Monique Leeuwenburgh said:

    We are supportive of changes to the DCTS rules of origin for garments.

    The ongoing collaboration between the government and retail industry has provided clarity and certainty for businesses in good time.

    This change will enable us to maintain our long-standing and trusted relationships with our key partners in Bangladesh, to deliver the same great quality Clothing & Home products at great value for our customers.

    Interim Chief Executive at Primark, Eoin Tonge said:

    We welcome the changes to the DCTS rules of origin for garments which remove the potential cliff edge when a country graduates from Least Developed Country status.

    This will help us to maintain our existing supply chain strategy in our key sourcing markets in Asia, such as Bangladesh and Cambodia.

    We welcome the opportunity to collaborate with the government on these changes and their responsiveness to the concerns of UK retailers in this very technical area of trade policy.

    Adam Mansell, CEO, The UK Fashion & Textiles Association said said:

    UKFT welcomes these additional changes to the Rules of Origin under the DCTS, which will bring real benefits to the fashion industry in the UK and in DCTS countries.

    The new rules demonstrate a genuine commitment from the government to modernise trade policy to support global economic growth.

    At a time of such uncertainty in international trade, these reforms are especially welcome.

    Yohan Lawrence, Secretary General of the Joint Apparel Association Forum (JAAF), Sri Lanka, said:

    We warmly welcome the UK’s Trade Strategy.

    The new rules allowing greater regional sourcing for garments while retaining duty-free access to the UK are a game-changer.

    With the UK as our second-largest apparel market, this will boost exports, support livelihoods, and help us compete more fairly with global competitors.

    The updated rules are part of the UK’s wider Trade for Development offer which aims to support economic growth in partner countries while helping UK businesses and consumers access high-quality, affordable goods. 

    And just last month, the UK’s Trade Strategy was published in further support of the Plan for Change to grow the economy, strengthen international ties, and deliver for households across the UK. 

    Notes to editors: 

    • Launched in 2023, following the UK’s exit from the EU, the Developing Countries Trading Scheme (DCTS) is the UK’s flagship trade preference scheme, covering 65 countries and offering reduced or zero tariffs on thousands of products. 
    • The UK is committed to growing services trade with developing countries, supporting digital trade and professional services. 
    • The announcement follows engagement with UK businesses and international partners, major importers and trade associations.

    Updates to this page

    Published 14 July 2025

    MIL OSI United Kingdom

  • MIL-OSI: Toobit Launches Break Even Price Feature to Give Traders Instant Profit Clarity

    Source: GlobeNewswire (MIL-OSI)

    GEORGE TOWN, Cayman Islands, July 14, 2025 (GLOBE NEWSWIRE) — Toobit, the award-winning global cryptocurrency exchange, today introduces its new Break Even Price feature. This innovative tool allows traders to instantly identify the exact price point at which their open positions transition from loss to profit, with all transaction fees and costs automatically factored in.

    Trading in volatile markets often involves complex manual calculations and guesswork to determine true position profitability, a process prone to errors and overlooked costs.

    The Break Even Price feature tackles this challenge, instantly displaying the precise market price needed to exit a position without loss, while intuitive green signals confirm profitability.

    Toobit’s Break Even Price feature in action on the Futures platform, providing real-time visual confirmation as a trade turns profitable and the indicator turns green.

    “We understand how important immediate, actionable insights are for traders, especially in volatile markets,” said Mike Williams, Chief Communication Officer at Toobit. “Our new Break Even Price feature empowers users with unparalleled transparency into their trade performance, fostering greater confidence and enabling truly informed decisions.”

    Key benefits of the Break Even Price feature include:

    • Fee-inclusive accuracy: Provides precise profitability calculations by seamlessly accounting for all trading and funding fees, eliminating hidden costs.
    • Real-time visual cues: Offers immediate, at-a-glance status updates as the indicator turns green upon profitability, streamlining position monitoring.

    The Break Even Price feature is now available for all perpetual contracts on Toobit’s Futures platform.

    About Toobit

    Toobit is where the future of crypto trading unfolds—an award-winning cryptocurrency derivatives exchange built for those who thrive exploring new frontiers. With deep liquidity and cutting-edge technology, Toobit empowers traders worldwide to navigate the digital asset markets with confidence. We offer a fair, secure, seamless, and transparent trading experience, ensuring every trade is an opportunity to discover what’s next.

    For more information about Toobit, visit: Website | X | Telegram | LinkedIn | Discord | Instagram

    Contact: Davin C.

    Email: market@toobit.com

    Website: www.toobit.com

    Disclaimer: This content is provided by Toobit. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice.Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    Photos accompanying this announcement are available at :

    https://www.globenewswire.com/NewsRoom/AttachmentNg/2668030a-5a1f-4832-8bcb-9db50a4ed4c0

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    The MIL Network

  • MIL-OSI: Himax and Rabboni Join Forces to Launch World’s First Scalable Multi-Scenario Endpoint AI Sensing System – bboni Ai Enabling Real-Time AI Inference on Wearable Devices

    Source: GlobeNewswire (MIL-OSI)

    TAINAN, Taiwan and HSINCHU, Taiwan, July 14, 2025 (GLOBE NEWSWIRE) — Himax Technologies, Inc. (Nasdaq: HIMX) (“Himax” or “Company”), a leading supplier and fabless manufacturer of display drivers and other semiconductor products, and Rabboni Co., Ltd. (“Rabboni”), a Taiwan-based company integrating next-generation semiconductor sensing and edge computing to enable smart living, smart sensing and wearable devices, today jointly announced the unveiling of bboni Ai, the world’s first multi-scenario endpoint AI sensing system. bboni Ai integrates Rabboni’s high-precision IMU (Inertial Measurement Unit) motion sensors with Himax’s ultralow power WiseEye2 AI processor, opening a new chapter for real-time endpoint AI inference for wearable devices and accelerating the transition of AI from concept to real-world implementation.

    WiseEye2 AI processor features a high-performance architecture built on Cortex-M55 cores and is equipped with the Ethos-U55 AI inference engine. It supports always-on sensing, dynamic voltage and frequency scaling (DVFS), and a multi-level power management structure. The design empowers dynamic adjustments in core voltage and frequency based on the scenarios of wearable devices, enabling data collection, event triggering, and endpoint AI inference at ultralow power consumption of just a few milliwatts. This architecture significantly reduces reliance on cloud transmission, effectively lowering latency and power consumption. It also enhances real-time responsiveness and data privacy, delivering a commercially viable endpoint AI solution for devices requiring long-hour operation. Notably, WiseEye™ AI can also collaborate with cloud-based large language models (LLMs), further enhancing the device’s ability to perceive, understand, and interact with complex real -world scenarios.

    bboni Ai Brings AI to the Endpoint: On-Device AI Processing. No Cloud Needed

    Featuring integrated motion sensing capability and ultralow power AI powered by Himax’s WiseEye2 AI processor, the bboni Ai system enables real-time motion analysis, posture recognition, and behavior interpretation directly on the endpoint device, eliminating the need for cloud computing. With low-latency, high-efficiency, and privacy-preserving on-device AI, bboni Ai delivers a truly scalable and deployable endpoint AI solution. bboni Ai not only enhances system stability but also meets the stringent requirements for data immediacy and security in applications such as healthcare and education.

    bboni Ai Transforms Everyday Life Across Diverse Wearable Applications: Demonstrates broad real-world readiness across multiple use cases

    • Smart Healthcare: Supports WHO’s ICOPE (Integrated Care for Older People) framework, facilitating seniors to monitor physical function and rehabilitation progress at home, reducing the cost of care
    • Sports Technology: Real-time detection of user movements and behavior, providing instant motion feedback, optimizing training postures through AI analysis, improving training efficiency and reducing the risk of injury
    • Education and Interaction: Enables hands-on STEM and AI education by leveraging motion sensing and behavior analysis to foster interdisciplinary learning and innovation, cultivating the next generation of talent

    Powered by TaiwanBased Team with bboni Ai Developer Program to Launch in July 2025

    To accelerate the development of innovative AI applications, Himax will officially launch the bboni Ai Developer Program in late-July 2025. This initiative will provide a complete set of APIs and SDKs, inviting developers, academic institutions, and corporate partners jointly to create a robust and commercial-ready endpoint AI ecosystem, advancing Taiwan’s AI technology around the globe.

    “The bboni Ai system was entirely developed by a Taiwanese team, integrating key technologies such as semiconductor design, sensor technology, AI algorithms, and software-hardware integration, showcasing Taiwan’s technical strength in smart sensing and endpoint AI,” said Richard Chiang, Chairman of Rabboni.

    “WiseEye’s ultralow power and always-on sensing capabilities make it a perfect fit for power-constrained endpoint devices, especially wearable applications in smart care, interactive education, and health monitoring that require long-hour operation,” said Mark Chen, Vice President of Smart Sensing Business at Himax. “Himax is excited to collaborate with Rabboni to integrate our respective technological strengths and bring AI out of the conceptual stage and into everyday life, enabling truly meaningful smart applications.”

    About Rabboni Co., Ltd.

    Rabboni Co., Ltd., originating from Silicon Instruments Co., Ltd. founded in 2009, is dedicated to integrating next-generation semiconductor sensing and edge computing to build the foundation of smart living. The company empowers professionals across various service domains to achieve digital and AI transformation, thereby enhancing their value-added services. For years, Rabboni has supported National Yang Ming Chiao Tung University (NYCU) in university social responsibility (USR) programs and MIT-collaborated science outreach projects, as well as medical research initiatives. Through these efforts, Rabboni has developed interdisciplinary platform technologies and established a comprehensive industry chain for smart sensing and wearable technologies.

    Rabboni also introduced the TEA Innovation Service Platform, inspired by the concept: “Technology x Experts x Aids = Brew better futures.” In collaboration with Himax’s engineering team, Rabboni successfully completed the development of the bboni Ai platform. An Endpoint AI Startup Competition will soon be co-hosted by Himax, Rabboni, and NYCU, featuring the world’s tiniest and ultralow power bboni Ai system.

    About Himax Technologies, Inc.

    Himax Technologies, Inc. (NASDAQ: HIMX) is a leading global fabless semiconductor solution provider dedicated to display imaging processing technologies. The Company’s display driver ICs and timing controllers have been adopted at scale across multiple industries worldwide including TVs, PC monitors, laptops, mobile phones, tablets, automotive, ePaper devices, industrial displays, among others. As the global market share leader in automotive display technology, the Company offers innovative and comprehensive automotive IC solutions, including traditional driver ICs, advanced in-cell Touch and Display Driver Integration (TDDI), local dimming timing controllers (Local Dimming Tcon), Large Touch and Display Driver Integration (LTDI) and OLED display technologies. Himax is also a pioneer in tinyML visual-AI and optical technology related fields. The Company’s industry-leading WiseEyeTM Ultralow Power AI Sensing technology which incorporates Himax proprietary ultralow power AI processor, always-on CMOS image sensor, and CNN-based AI algorithm has been widely deployed in consumer electronics and AIoT related applications. Himax optics technologies, such as diffractive wafer level optics, LCoS microdisplays and 3D sensing solutions, are critical for facilitating emerging AR/VR/metaverse technologies. Additionally, Himax designs and provides touch controllers, OLED ICs, LED ICs, EPD ICs, power management ICs, and CMOS image sensors for diverse display application coverage. Founded in 2001 and headquartered in Tainan, Taiwan, Himax currently employs around 2,200 people from three Taiwan-based offices in Tainan, Hsinchu and Taipei and country offices in China, Korea, Japan, Germany, and the US. Himax has 2,609 patents granted and 370 patents pending approval worldwide as of June 30, 2025.

    http://www.himax.com.tw

    Forward Looking Statements

    Factors that could cause actual events or results to differ materially from those described in this conference call include, but are not limited to, the effect of the Covid-19 pandemic on the Company’s business; general business and economic conditions and the state of the semiconductor industry; market acceptance and competitiveness of the driver and non-driver products developed by the Company; demand for end-use applications products; reliance on a small group of principal customers; the uncertainty of continued success in technological innovations; our ability to develop and protect our intellectual property; pricing pressures including declines in average selling prices; changes in customer order patterns; changes in estimated full-year effective tax rate; shortage in supply of key components; changes in environmental laws and regulations; changes in export license regulated by Export Administration Regulations (EAR); exchange rate fluctuations; regulatory approvals for further investments in our subsidiaries; our ability to collect accounts receivable and manage inventory and other risks described from time to time in the Company’s SEC filings, including those risks identified in the section entitled “Risk Factors” in its Form 20-F for the year ended December 31, 2024 filed with the SEC, as may be amended.

    Company Contacts:

    Karen Tiao, Head of IR/PR
    Himax Technologies, Inc.
    Tel: +886-2-2370-3999
    Fax: +886-2-2314-0877
    Email: hx_ir@himax.com.tw
    www.himax.com.tw

    Mark Schwalenberg, Director
    Investor Relations – US Representative
    MZ North America
    Tel: +1-312-261-6430
    Email: HIMX@mzgroup.us
    www.mzgroup.us

    The MIL Network

  • MIL-OSI Banking: France: Financial System Stability Assessment

    Source: International Monetary Fund

    Preview Citation

    Format: Chicago

    International Monetary Fund. Monetary and Capital Markets Department “France: Financial System Stability Assessment”, IMF Staff Country Reports 2025, 180 (2025), accessed July 14, 2025, https://doi.org/10.5089/9798229017428.002

    Export Citation

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    Summary

    The French financial system has proven resilient to the shocks of the last five years but faces headwinds from domestic and external policy uncertainty and high fiscal consolidation needs. Bank-insurance conglomerates that include four Global Systemically Important Banks dominate the financial landscape, and financial markets have become increasingly complex in the post-Brexit environment. Banks’ capital and liquidity buffers remain high, but with low profitability versus peers.

    Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Commercial banks, Credit, Crime, Financial institutions, Financial regulation and supervision, Financial sector policy and analysis, Financial sector stability, Loans, Macroprudential policy, Money, Mutual funds, Stress testing

    Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), Commercial banks, Credit, Financial sector stability, Liquidity requirements, Loans, Macroprudential policy, Mutual funds, Stress testing

    Publication Details

    MIL OSI Global Banks

  • MIL-OSI Russia: The Chinese city of Fuyuan, bordering Russia, where the songs “Jasmine” and “Valenki” met

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    An important disclaimer is at the bottom of this article.

    Source: People’s Republic of China – State Council News

    HARBIN, July 14 (Xinhua) — The familiar sounds of folk songs echoed in Fuyuan, a city in northeast China’s Heilongjiang Province that borders Russia, as a party between China and Russia was held earlier this month. Five Russian singers in red national costumes touched the hearts of those in attendance with their heartfelt rendition of the Chinese song “Jasmine” in its original language, amidst applause from spectators from both countries.

    Natalia Efimycheva, the Russian artist who performed the song “Jasmine,” said that they love Chinese culture, this time they not only sang traditional Chinese folk songs, but also brought a Russian song “Valenki.” Many of their Chinese friends also expressed their love for Russian culture to her.

    This event became another link promoting Chinese-Russian cultural exchanges and cross-civilizational learning among representatives of the two countries. Shortly before this, in early July, Fuyuan City hosted the Second Meeting of the Ussuli River and Lakes Tourism Association, during which exciting cross-border tourism routes were presented.

    Fuyuan City, known as the “East Pole of China”, is separated from Russia by the Ussuri and Heilongjiang (Amur) Rivers on the east and north sides respectively.

    Every year, from May to October, the rivers come alive with the Fuyuan-Khabarovsk river service. Cargo ships cut through the waters, and Chinese and Russian tourists wave to each other on cruise ships.

    Fuyuan is currently seeking new horizons in cross-border cooperation with the Russian Far East, strengthening ties and deepening cooperation in the fields of economy and trade, infrastructure, ecology and cultural tourism.

    Walking along the main shopping streets of Fuyuan, you will see bilingual signs everywhere, in Chinese and Russian. Even taxi drivers here can communicate in simple Russian.

    In recent years, Fuyuan has been actively promoting the “China-Russia cross-border tourism route”, inviting travelers to discover the unique traditions and exotic customs of the region.

    Gubat Gumalatovich Gubatov, Deputy Chairman of the Khabarovsk Regional Branch of the Association “Opora Rossii” noted that Fuyuan is a beautiful city, it is located not far from Khabarovsk, but its landscapes are so unique that they will undoubtedly attract many Russians.

    The exoticism of Russia also attracts Chinese tourists. “In the morning I met the first ray of sunshine at Dongji Square /East Pole/, and after lunch I will try real Russian cuisine in Khabarovsk!” shared his impressions a Chinese tourist with the surname Li from Hainan Province /South China/. “This is a very special experience!”

    With customs clearance procedures continuing to be simplified, this cross-border tourist route is becoming popular, with more than 300 tourists passing through Fuyuan every day during peak season.

    Fuyuan City authorities proudly present unique tourist routes, demonstrating achievements in preserving the fishing culture of the Hezhe ethnic group and in the ecological protection of Heixiazi Island (Big Ussuri Island).

    In addition, other cities and counties of the association, such as Mishan, Hulin and Raohe, presented their rich tourism and cultural resources along the Usuli River. Guests from Komsomolsk-on-Amur, Korsakov, Vladivostok, Khabarovsk and other Russian cities also introduced the meeting participants to local cultural and tourism resources that can help strengthen exchanges and develop cooperation in the field of Sino-Russian cross-border tourism.

    Acting Minister of Tourism of Khabarovsk Krai Elena Vladimirovna Tsymbal said that Khabarovsk and Fuyuan have broad prospects for cooperation in the fields of cultural tourism, economy and trade, etc. In the future, she hopes to strengthen cooperation with Fuyuan in many aspects, such as study tours, medical tours, scientific and technical tours, industrial tours and agricultural tours.

    Trade relations between the two border cities are growing stronger day by day. In 2024, the total volume of imported and exported goods through the Fuyuan cargo port was more than 80,000 tons. In the pavilions of the Fuyuan border mutual trade zone, more than 20,000 types of Russian goods are neatly displayed on the shelves. Chocolate, candy, honey cake, etc. are popular with consumers. According to Xie Jinglong, a staff member, since the center opened in 2015, a total of 37,000 tons of imported goods have been transported, and the trade turnover has amounted to nearly 688 million yuan.

    “In the future, travel between Fuyuan and Khabarovsk will be more convenient, trade will be more dynamic, and cultural exchanges will be more profound,” said He Dahai, secretary of the Fuyuan Party Committee. He said that with the continuous improvement of infrastructure, Fuyuan and Khabarovsk are rapidly becoming leading cities in Sino-Russian cooperation. -0-

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News

  • EAM Jaishankar visits Singapore to strengthen bilateral ties

    Source: Government of India

    Source: Government of India (4)

    External Affairs Minister S. Jaishankar visited Singapore on Sunday, reaffirming India’s commitment to deepening its strategic partnership with the Southeast Asian nation.

    During the visit, Dr. Jaishankar met with Singapore’s President Tharman Shanmugaratnam and held separate discussions with Deputy Prime Minister and Minister for Trade & Industry Gan Kim Yong, as well as Foreign Minister Dr. Vivian Balakrishnan, the Ministry of External Affairs said in a press release.

    According to MEA, both sides reviewed the progress made on key outcomes from the recent visit of Prime Minister Narendra Modi and the second round of the India-Singapore Ministerial Roundtable (ISMR). Discussions covered a wide range of sectors, including investments, industrial parks, semiconductors, infrastructure, skill development, and connectivity. The leaders also exchanged views on regional and global developments, including matters concerning ASEAN and the Indo-Pacific.

    Dr. Jaishankar also met Teo Chee Hean, former Senior Minister and Coordinating Minister for National Security, who is the Chairman-designate of Temasek Holdings. Their conversation centered on the transformative developments underway in India and explored new avenues for Temasek to expand its investment footprint in the Indian market.

  • MIL-OSI China: Hong Kong’s financial ties with ROK strengthened amid enhanced regional connectivity

    Source: People’s Republic of China – State Council News

    Paul Chan, financial secretary of the Hong Kong Special Administrative Region (HKSAR) government, on Sunday highlighted the growing significance of regional cooperation amid changing global dynamics and affirmed Hong Kong’s commitment to foster multi-layered interactions with various economies in the region to solidify the foundation for collaboration.

    In a blog post, Chan spoke of his recent trip to the Republic of Korea (ROK) to explore new opportunities for cooperation.

    He noted that Hong Kong’s financial market and initial public offerings (IPOs) have performed robustly since September 2024, with significant interest from ROK investors in both Hong Kong and the Chinese mainland markets.

    In the first five months of this year, the total trading volume of licensed securities firms from the ROK based in Hong Kong surpassed 1.5 trillion HK dollars, marking a 2.8-fold increase compared to the total for 2024, he said.

    Chan also underscored the rapid growth of Exchange Traded Funds (ETFs) in Hong Kong, describing them as a convenient mechanism for enhancing market connectivity. More products were being cross-listed between the two markets, whether through ETFs investing in South Korean stocks being listed in Hong Kong or those tracking Hong Kong indices being listed in the ROK, he said, adding that such interconnection boosts market liquidity and expands the investor base.

    In fact, Hong Kong serves as a hub for both Chinese mainland and international capital, Chan said. Mechanisms that enhance financial market connectivity can attract more domestic and foreign investments in companies listed in both Hong Kong and South Korea, while also creating new opportunities and asset allocation options for investors, he added.

    Chan noted that Hong Kong, as a “super connector” and “super value creator,” boasts several world-class universities and excellent research capabilities. Coupled with the thriving innovation and technology ecosystem of the Guangdong-Hong Kong-Macao Greater Bay Area, this can facilitate stronger connections and deeper cooperation between tech enterprises from both Hong Kong and the ROK, allowing innovative ideas and cutting-edge technologies to find broader applications and enhanced commercialization opportunities, he said. 

    MIL OSI China News

  • MIL-OSI China: Equipment manufacturers driving trade growth

    Source: People’s Republic of China – State Council News

    A drone photo shows the shipbuilding site of the subsidiary of China State Shipbuilding Corp Ltd in the Guangxi Zhuang autonomous region on March 20. [Photo/Xinhua]

    In early July, a shipyard along the Yangtze River in Jiangyin, East China’s Jiangsu province, was humming with the sounds of welding and hammering.

    In one berth, work on an oil tanker was nearing completion, while a hospital ship was undergoing a major retrofit. A little distance away, dry docks were operating at full throttle.

    CSSC Chengxi Shipyard Co, a subsidiary of China State Shipbuilding Corp, saw its export value surge by more than 28 percent year-on-year in the first five months. With orders lined up through 2028 and a growing appetite for high-tech vessels, this shipyard is powering full steam ahead.

    “We are steering toward transformation,” said Yang Haibo, the shipyard’s assistant president. “Take the 41,800-ton self-unloading vessel we built last year; its value hit $96 million, triple that of a conventional bulk carrier. We just secured an overseas order to build a 44,000-ton self-discharger in May.”

    As global demand shifts, Yang said Chinese shipyards are embracing greener and smarter solutions to remain competitive, including ramping up investment in next-generation shipbuilding technologies.

    Much like China’s new energy vehicle, industrial robot and energy storage sectors, the shipbuilding industry exemplifies how domestic manufacturers are adopting innovation and green development to rise above the challenges posed by unilateralism and geoeconomic fragmentation.

    In the process, they are playing a vital role in supporting the country’s foreign trade and industrial upgrade.

    As a high value-added sector, the equipment manufacturing industry has become a key driver of China’s export restructuring.

    The country’s exports of equipment manufacturing products amounted to 6.22 trillion yuan ($853.3 billion) between January and May, up 9.2 percent year-on-year, accounting for 58.3 percent of the country’s total exports, data from the General Administration of Customs showed.

    Meanwhile, China’s exports of electric vehicles grew by 19 percent year-on-year, construction machinery by 10.7 percent, ships by 18.9 percent and industrial robots by an impressive 55.4 percent.

    Equipment manufacturing accounted for 73 percent of China’s export growth in the first five months, with the contribution rising to 76.9 percent in May alone, providing strong support for the steady growth of foreign trade, said Lyu Daliang, director-general of the administration’s department of statistics and analysis.

    The ongoing upgrade of China’s equipment manufacturing industry is not only fueling the growth of domestic manufacturers, but also delivering energy-efficient, high-tech and competitively priced products to its trading partners, said Chen Jianwei, a researcher at the University of International Business and Economics’ Academy of China Open Economy Studies in Beijing.

    This progress is accelerating the digital and green advancement of developed economies, while also supporting industrialization and urbanization in many developing and emerging markets, contributing to more balanced global development and long-term sustainability, said Chen.

    Among the key drivers of this momentum, industrial robots have rapidly become a standout export category. These multijoint robotic arms and other advanced robotic systems are widely used in sectors such as automotives, electronics, chemicals and consumer goods.

    As China’s production capabilities in this field continue to advance, a growing number of industrial robots are being exported to markets such as Thailand, Germany, the United States and the United Arab Emirates — underscoring the global appeal of the nation’s smart manufacturing solutions.

    At AgileX Robotics, a robotic arm manufacturer in Dongguan, Guangdong province, workers were busy packing robotic arms in late June. This batch of products, designed for data collection, plays a key role in the development and training of humanoid robots, and has gained strong traction in overseas markets.

    “We really can’t ship fast enough and demand is overwhelming. Our exports this year are expected to rise by 70 to 80 percent compared with 2024,” said Chen Peng, the company’s marketing director.

    Chen said that orders from overseas research institutions, particularly in the artificial intelligence field, are growing the fastest. These clients often require rapid delivery due to time-sensitive needs.

    This growth is not merely the success of a single robot manufacturer. Rather, it reflects a broader trend in Dongguan.

    The city’s exports of industrial robots, including industrial robotic arms, handling and welding robots, and robots with other functions, exceeded 190 million yuan during the January-May period, representing a year-on-year increase of 116.4 percent, data from Huangpu Customs showed.

    From an industrial chain perspective, China’s industrial robot sector has seen significant advancements over the past decade, especially in core components such as reducers, servo motors, controllers and control units, said Lei Lei, deputy secretary-general of the robotics branch of the Beijing-based China Machinery Industry Federation.

    Lei said Chinese industrial robot manufacturers are evolving their export models as they expand globally. This shift is already playing out among many companies in the sector.

    Xu Hongchun, vice-president of Suzhou JiBOT Technology Co, a Suzhou, Jiangsu province-based manufacturer of collaborative robotic arms and mobile robot platforms, said the company has already shifted toward providing customized end-to-end solutions for overseas factories and warehouses.

    “Our material handling robots are primarily used in the new energy and electronic semiconductor sectors,” said Xu. “Currently, more than 70 percent of our exports in this category include solution-based packages.”

    The Chinese company achieves this by integrating data from various robots into a centralized control system. A smart dispatching platform enables real-time coordination, allowing multiple robots to operate efficiently across different zones and meet the specific needs of its foreign clients.

    While industrial robots and intelligent automation are shifting manufacturing and logistics, traditional heavy industries are also embracing innovation and seizing more market opportunities across the world.

    In sectors such as mining and construction, Chinese companies are combining durable engineering with localization strategies to meet the needs of emerging markets.

    Sany Heavy Equipment Co, a mining and construction machinery manufacturer based in Shenyang, Liaoning province, has been actively expanding its presence in the African market. Its wide-body dump trucks, electric-powered dumpers and engineering excavators are widely used in countries including South Africa, Ghana, Angola and Zambia.

    “Africa is rich in mineral resources and has significant demand for mining machinery. Our mining equipment is built to withstand harsh operating conditions and is well-suited for the complex terrains found in mining areas,” said Sun Bo, head of the company’s sales unit.

    Sun said that Sany Heavy Equipment Co’s mining dump trucks have significantly improved operational efficiency and earned high praise from clients in countries such as Eritrea and Mozambique in recent years.

    The company’s exports amounted to 1.44 billion yuan in the first half, while its exports to Africa surged 230 percent year-on-year to 330 million yuan, the latest data from Shenyang Customs showed.

    Experts said the continued rise of China’s equipment manufacturing exports reflects both industrial progress and the country’s deeper integration into global supply chains.

    Zhao Ping, head of the academy of the Beijing-based China Council for the Promotion of International Trade, said that China is no longer just a source of affordable goods. It is increasingly a provider of complex, high-value equipment that meets the needs of developed and emerging markets alike.

    Zhao said that the combination of strong research and development capabilities, digitalized manufacturing processes and mature supply chains has enabled Chinese manufacturers to evolve from volume-driven to value-driven exports.

    “This transformation not only enhances China’s competitiveness, but also contributes to global industrial development and technological diffusion,” said Ji Xuehong, a professor at the School of Economics and Management at Beijing-based North China University of Technology.

    In the face of a complex and volatile external environment, China will steadfastly expand its high-standard opening-up and address the uncertainty of drastic changes in the external environment with the certainty of its own high-quality development, said Xiao Lu, deputy director-general of the department of foreign trade at the Ministry of Commerce.

    MIL OSI China News

  • MIL-OSI United Kingdom: Trade win unlocks £250 million for British firms in Vietnam

    Source: United Kingdom – Government Statements

    Press release

    Trade win unlocks £250 million for British firms in Vietnam

    Trade win unlocks £250 million in exports for British pharmaceutical firms in Vietnam.

    Trade win unlocks £250 million in exports for British pharmaceutical firms in Vietnam

    • Major pharmaceutical trade barrier with Vietnam removed as bilateral trade increased by £1.2 billion in current prices to £8.1 billion in 2024 in boost to UK economy
    • Pharmaceutical sectors given boost making it faster and cheaper to sell UK medicines to Vietnam
    • Trade Strategy in action as UK continues to eye fast deals across the globe for key industries to create jobs and boost innovation as part of our Plan for Change

    British pharmaceutical companies are set to gain up to £250 million over the next five years as part of a Vietnamese law change that makes it easier to sell UK-made medicines to the country.

    The announcement comes ahead of the latest Joint Economic and Trade Committee (JETCO) today [14 July] co-chaired by Trade Minister Douglas Alexander and Vice Minister Nguyen Hoang Long.

    The meeting aims to deepen trade ties – which have risen to more than £8 billion – and remove barriers for UK businesses in key sectors like healthcare, finance, and clean energy – which will boost growth to deliver for working people as part of the Plan for Change.

    It follows the launch of the UK’s landmark Trade Strategy which aims to secure more nimble deals while promoting sectors like financial services and renewable energy which drive the most economic growth.

    Thanks to UK government efforts, Vietnam has changed its laws to streamline the registration of new medicines and vaccines, now recognising approvals from trusted international regulators such as the UK’s Medicines and Healthcare products Regulatory Agency (MHRA).

    It opens to the door to more commercial opportunities for UK companies who can avoid time-consuming paperwork and expensive legal processes if their products have been approved in the last five years by the MHRA, making it cheaper, quicker and easier to sell products to Vietnam.

    The JETCO will reflect the UK’s goal of deepening ties with fast-growing economies in Asia while supporting key sectors like life sciences, education, and green energy – core pillars of the UK’s Industrial Strategy.

    Renewable energy will be on today’s agenda as both countries pledge to work together to support the development of Vietnam’s renewable energy sector, particularly around offshore wind, with the industry in the UK forecast to support 100,000 jobs by 2030.

    Trade Minister Douglas Alexander said:

    Vietnam is today a dynamic, fast-growing economy.

    The removal of pharmaceutical barriers with one of our closest trading partners in Asia is a boost for the UK pharmaceutical industry and proof our Industrial and Trade Strategies are already delivering.

    The UK is committed to strengthening its relationship with Vietnam, which is witnessing rapid economic growth and fast becoming a major global manufacturing base for electronics, textiles, and renewable energy.

    Discussions will also celebrate the good news for our world-leading financial services sector as the government commits support for Vietnam to design its first International Finance Centre in Ho Chi Minh City which is expected to streamline regulations and encourage international investments, making it simpler for British firms to trade with Vietnam.

    The swift removal of pharmaceutical barriers and progress on financial and energy collaborations with Vietnam demonstrates the government is securing quick wins through nimble, targeted interventions and delivering on the key ambitions of the newly launched Trade Strategy.

    Miles Celic OBE, Chief Executive Officer, TheCityUK, said:

    There is great potential for British firms and other international investors in Vietnam; it is a rapidly growing market with increasing demand for sophisticated financial products. There are also mutual benefits to be gained through sharing expertise in areas such as green finance, innovation, and digital transformation.

     We’ve been working closely with the UK Government and British Embassy in Hanoi and Ho Chi Minh City to help lay the groundwork for the development of an international financial and business centre in Ho Chi Minh City and Da Nang and are very supportive of the government’s commitment to support its creation and its contribution to Vietnam’s economic growth and net-zero agenda.

    Annex

    Notes on analysis

    The £250m over five-year figure is a mid-point of a range of £100m – £400m. The DBT methodology to value market access barriers can be found here:

    https://www.gov.uk/government/publications/methodologies-for-valuing-market-access-barriers

    Sources:

    https://www.gov.uk/government/publications/renewable-technologies-future-job-estimates-methodology/job-estimates-for-wind-generation-by-2030-methodology-note

    2025-06-19 Vietnam – UK Trade and Investment Factsheet

    Updates to this page

    Published 14 July 2025

    MIL OSI United Kingdom

  • MIL-Evening Report: Soaring house prices may be locking people into marriages, new research shows

    Source: The Conversation (Au and NZ) – By Stephen Whelan, Associate Professor of Economics, University of Sydney

    GAS-photo/Shutterstock

    House prices continued to rise across Australia in June, recent data shows. Nationally, prices have risen about 38% in the past five years.

    Higher housing prices are simply one contributor, albeit a very important one, to the cost of living crisis that Australian households face. Energy prices are another.

    Those higher costs of living and the financial stress associated with them are linked to a range of negative outcomes for households, including poor health and wellbeing, greater housing insecurity, and some families having to go without some essential items.

    One consequence of house prices that has largely been ignored is their relationship to marriage and divorce.

    Divorce rates are at historic lows

    The rate of divorce in Australia is at the lowest level since the introduction of no-fault divorce in 1976.

    The 1990s recession was also a period of significant financial hardship for households, and divorces rose over that time. Why isn’t this happening now?

    Couples may prefer to divorce but can’t for financial reasons.

    Why? Put simply, divorce is a decision that brings with it significant costs. The financial implications of divorce could mean couples stay together longer than they’d like to.

    Why do people choose to marry or separate?

    To understand patterns of divorce, a good place to start is to think about why couples choose to marry, or separate, in the first place.

    Economists argue that individuals marry if the expected benefits from marriage exceed the benefits from remaining single.

    As new information arises or unexpected outcomes occur, individuals may reassess their beliefs about the expected benefits from being married versus being single.

    In turn, we might expect that separation occurs if either partner believes they will be better off outside the marriage than within it, taking into account all costs and constraints.

    How housing prices can affect the likelihood of divorce

    Research shows that housing prices are closely linked to a range of household behaviours and outcomes, including consumer spending, labour supply and fertility intentions.

    Rising housing prices might encourage couples to remain married (or not separate) due to the higher housing costs they would face if they separated.

    It is generally cheaper to run a single household where many resources are shared rather than two separate households. This may be thought of as a cost that accompanies higher house prices.

    The high cost of housing can affect couples’ decisions to separate.
    Elias Bitar/Shutterstock

    Of course, higher house prices also offer some benefit in the event of separation. For homeowners, the asset held by the couple is more valuable and the wealth each partner may be entitled to is greater. This benefit from separation might encourage couples to separate and divorce.

    Our research, presented at the Australian Conference of Economists last week and not yet peer reviewed, addresses this issue. We looked at whether unanticipated changes in the growth of housing prices are related to the likelihood of divorce.

    It is important to focus on unanticipated changes in housing prices. Unanticipated changes, or “shocks”, will lead individuals to reassess their decision to stay married, or separate and divorce.

    Which factors explain divorce in Australia?

    Our research sought to understand the key factors associated with divorce in Australia using the Household, Income and Labour Dynamics in Australia (HILDA) survey.

    Not unexpectedly we found couples who share similar traits such as the same religion, education level or place of birth are more likely to remain married. A longer time being married is also linked to couples being less likely to separate. In contrast, partners whose parents had divorced are more likely to separate.

    Importantly, the inclusion of housing price shocks into our analysis indicates they have a significant effect on the likelihood of divorce. But the effect differs depending on whether the housing price shock is positive or negative.

    For homeowners, lower-than-anticipated housing price growth significantly increases the likelihood of separation. In this case the cost of lower house prices is more important than the benefit of lower house prices. When house prices don’t grow as quickly as anticipated, couples can separate knowing they will not face as large a penalty running separate households.

    So what lesson may be drawn from this research and why is a link between housing prices and divorce important?

    Our findings indicate higher-than-expected house price growth may be keeping some people in marriages they’d otherwise leave, but don’t, for financial concerns. This is more likely to include women with low education levels, low-income households and older couples.

    In some instances, this will have negative consequences. Often those harmful consequences are disproportionately experienced by women and policy settings have a role to play in reducing those effects.

    One only needs to look at initiatives such as the Leaving Violence Program. By providing financial support to assist people leaving potentially dangerous relationships, it will alleviate barriers associated with high housing costs that come after separation.

    Stephen Whelan receives funding from the Australian Research Council as part of DP230101054. Funding is also received from the Australian Housing and Urban Research Institute for project 24/PRO/73346.

    Luke Hartigan receives funding from the Australian Research Council as part of DP230100959.

    ref. Soaring house prices may be locking people into marriages, new research shows – https://theconversation.com/soaring-house-prices-may-be-locking-people-into-marriages-new-research-shows-260086

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI USA: LLK Trading Inc. Recalls “Needle Mushrooms” Because of Possible Health Risk

    Source: US Department of Health and Human Services – 3

    Summary

    Company Announcement Date:
    July 11, 2025
    FDA Publish Date:
    July 13, 2025
    Product Type:
    Food & Beverages
    Reason for Announcement:

    Recall Reason Description
    Potential Foodborne Illness – Listeria monocytogenes

    Company Name:
    LLK TRADING INC.
    Brand Name:

    Brand Name(s)
    LLK TRADING INC.

    Product Description:

    Product Description
    Needle mushroom

    Company Announcement
    LLK TRADING INC. of Linden, NJ, is recalling its 200g packages of “Needle Mushrooms” because it has the potential to be contaminated with Listeria monocytogenes, an organism which can cause serious and sometimes fatal infections in young children, frail or elderly people, and others with weakened immune systems. Although healthy individuals may suffer only short-term symptoms such as high fever, severe headache, stiffness, nausea, abdominal pain and diarrhea, Listeria infection can cause miscarriages and stillbirths among pregnant women. The recalled “Needle Mushrooms” were distributed to Bally Produce Corp. located at 4900 Maspeth Ave, Maspeth, NY 11378, and was sold to DATANG SUPERMARKET INC.
    The product comes in a 200 gram, clear plastic packaging on the top and blue (non-transparent) on the bottom.
    No illnesses have been reported to date in connection with this problem.
    The potential for contamination was noted after routine testing by the FDA revealed the presence of Listeria monocytogenes in the package they sampled. 
    Vending of the product has been suspended while FDA and the company continues their investigation as to the source of the contamination.
    Consumers who have purchased the 200 gram packages of “Needle Mushrooms” are urged not to consume the products and to return them to the place of purchase for a full refund. Consumers with questions may contact the company Monday to Friday 9:30am to 3:00pm (EST) at (908)-290-3061.

    Company Contact Information

    Consumers:
    LLK Trading Inc.
    (908)-290-3061

    Media:
    Ashley LIU
    (908)-209-3061

    Product Photos

    Content current as of:
    07/13/2025

    Regulated Product(s)

    Follow FDA

    MIL OSI USA News

  • MIL-OSI USA: LLK Trading Inc. Recalls “Needle Mushrooms” Because of Possible Health Risk

    Source: US Department of Health and Human Services – 3

    Summary

    Company Announcement Date:
    July 11, 2025
    FDA Publish Date:
    July 13, 2025
    Product Type:
    Food & Beverages
    Reason for Announcement:

    Recall Reason Description
    Potential Foodborne Illness – Listeria monocytogenes

    Company Name:
    LLK TRADING INC.
    Brand Name:

    Brand Name(s)
    LLK TRADING INC.

    Product Description:

    Product Description
    Needle mushroom

    Company Announcement
    LLK TRADING INC. of Linden, NJ, is recalling its 200g packages of “Needle Mushrooms” because it has the potential to be contaminated with Listeria monocytogenes, an organism which can cause serious and sometimes fatal infections in young children, frail or elderly people, and others with weakened immune systems. Although healthy individuals may suffer only short-term symptoms such as high fever, severe headache, stiffness, nausea, abdominal pain and diarrhea, Listeria infection can cause miscarriages and stillbirths among pregnant women. The recalled “Needle Mushrooms” were distributed to Bally Produce Corp. located at 4900 Maspeth Ave, Maspeth, NY 11378, and was sold to DATANG SUPERMARKET INC.
    The product comes in a 200 gram, clear plastic packaging on the top and blue (non-transparent) on the bottom.
    No illnesses have been reported to date in connection with this problem.
    The potential for contamination was noted after routine testing by the FDA revealed the presence of Listeria monocytogenes in the package they sampled. 
    Vending of the product has been suspended while FDA and the company continues their investigation as to the source of the contamination.
    Consumers who have purchased the 200 gram packages of “Needle Mushrooms” are urged not to consume the products and to return them to the place of purchase for a full refund. Consumers with questions may contact the company Monday to Friday 9:30am to 3:00pm (EST) at (908)-290-3061.

    Company Contact Information

    Consumers:
    LLK Trading Inc.
    (908)-290-3061

    Media:
    Ashley LIU
    (908)-209-3061

    Product Photos

    Content current as of:
    07/13/2025

    Regulated Product(s)

    Follow FDA

    MIL OSI USA News

  • MIL-OSI: No KYC. 100x Leverage. 100% Deposit Bonus Match. Crypto Futures Trading Made Easy on BexBack

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, July 13, 2025 (GLOBE NEWSWIRE) — As Bitcoin continues to surge and surpass new milestones, the cryptocurrency market remains in a state of high volatility. For seasoned traders looking to capitalize on these market movements, BexBack offers an unbeatable combination of leverage, bonuses, and zero KYC requirements to streamline your trading experience.

    BexBack has emerged as a leading exchange for crypto futures trading, offering a 100x leverage and a 100% deposit bonus match to new users, making it one of the most attractive options in the industry. This powerful combination of leverage and bonuses allows traders to maximize their potential earnings, while the absence of KYC requirements ensures quick and easy access for users.

    Advantages of BexBack:

    1. 100x Leverage on Crypto Futures:
      Amplify your potential returns with up to 100x leverage on cryptocurrency futures contracts. Whether Bitcoin, Ethereum, or any other crypto, the opportunity to maximize your positions is at your fingertips.
    2. No KYC Required:
      Start trading immediately without the need for complex identity verification. BexBack offers a fast and anonymous platform where you can focus on what matters—making profits.
    3. 100% Deposit Bonus Match:
      Double your deposit with the 100% deposit bonus match, available with a minimum deposit of just 0.001 BTC or 100 USDT. This means your trading capital can go twice as far, increasing your chances of making profitable trades.
    4. $50 Welcome Bonus:
      For new users, BexBack offers an instant $50 welcome bonus when you make a deposit greater than 0.001 BTC or 100 USDT and your first trade. This bonus is designed to give you a head start and help you get familiar with the platform without any risk.
    5. No Hidden Fees or Commissions:
      Trade with confidence knowing that BexBack has no hidden fees. There are no deposit fees, no spread Fees, and no commissions on your trades.
    6. Easy-to-Use Platform:
      Whether you are using the desktop or mobile version of BexBack, the platform offers a seamless, user-friendly experience that caters to both beginners and experienced traders.

    How 100x Leverage Works:
    With 100x leverage, you can open a position 100 times larger than your deposit. For instance, if you deposit 1 BTC, you can open a position worth 100 BTC. If the price moves in your favor, the potential gains are substantial. However, please be cautious, as high leverage also increases the potential for greater losses.

    Why Choose BexBack?

    • Quick and Easy Setup: No KYC required means you can start trading instantly with minimal hassle.
    • Global Accessibility: Open to users from the U.S., Canada, Europe, and other regions, BexBack caters to a global audience.
    • 24/7 Customer Support: Get help whenever you need it with BexBack’s dedicated customer support team.

    Get Started Today:

    If you’re looking to take advantage of the current bull market or leverage your knowledge of crypto trading, now is the perfect time to join BexBack. Sign up today and claim your 100% deposit bonus, $50 welcome bonus, and start trading with up to 100x leverage.

    About BexBack:

    BexBack is a cryptocurrency exchange focused on providing traders with advanced tools and features to excel in the fast-paced world of crypto futures trading. With 100x leverage, no KYC requirements, and a user-friendly platform, BexBack ensures that both novice and experienced traders have everything they need to succeed. Headquartered in Singapore, BexBack serves clients from all around the world, offering competitive fees, powerful trading tools, and superior customer service.

    If you missed the previous crypto bull run, this could be your chance. With BexBack’s 100x leverage and 100% deposit bonus and $50 bonus for new users , you can be a winner in the new bull run.

    Sign Up Now on BexBack — Break the 100x Leverage and KYC Barriers, Get Double Deposit Bonus and $50 Welcome Bonus Instantly

    Website: www.bexback.com

    Contact: business@bexback.com

    Contact:
    Amanda
    business@bexback.com

    Disclaimer: This content is provided by BexBack. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/f933b8c4-faa1-4825-927d-61b1a34ba96b

    https://www.globenewswire.com/NewsRoom/AttachmentNg/b5163720-2a0e-4b29-a65c-b854b7fb80c0

    https://www.globenewswire.com/NewsRoom/AttachmentNg/317135bb-4836-4d6b-9ce4-deb2e066eea7

    https://www.globenewswire.com/NewsRoom/AttachmentNg/2821849c-2384-43c0-b796-50a0a5d47bd2

    The MIL Network

  • MIL-OSI Africa: Deputy President undertakes strategic working visit to China

    Source: Government of South Africa

    Deputy President undertakes strategic working visit to China

    Deputy President Paul Mashatile is expected to embark on a Working Visit to the People’s Republic of China from tomorrow (Monday).

    He will be accompanied by Deputy Minister of International Relations and Cooperation, Thandi Moraka; Minister of Small Business Development, Stella Ndabeni-Abrahams; Tourism Minister Patricia de Lille; Minister of Trade, Industry and Competition, Parks Tau; Minister of Water and Sanitation, Pemmy Majodina and Agriculture Minister John Steenhuisen.

    While there, the Deputy President will participate in the China International Supply Chain Expo (CISCE).

    “In its third year, CISCE is the world’s first national-level expo dedicated to global supply chains. It is hosted under the auspices of the Chinese Central Government and the China Council for the Promotion of International Trade [CCPIT].

    “This high-level participation by the Deputy President and the South African Delegation is a pivotal opportunity to advance the South Africa–China All-Round Strategic Cooperative Partnership in the New Era. It also reinforces South Africa’s position as a gateway to Sub-Saharan Africa for trade, investment, and industrial cooperation,” the Presidency said in a statement.

    South Africa has been accorded Guest Country status for the expo under the theme “South Africa: Your Pathway to Supply Chain Resilience”.

    The visit will focus on:

    • Promoting strategic sectors such as renewable energy, logistics, pharmaceuticals, mineral beneficiation, and the digital economy;
    • Showcasing a robust pipeline of investable projects to attract targeted Chinese investment, particularly into Special Economic Zones (SEZs) and critical infrastructure;
    • Enhancing bilateral collaboration on clean technologies, digital skills development, and industrial standards; and
    • Advancing South Africa’s objectives for supply chain resilience, accelerated industrialisation, and deeper integration within the African Continental Free Trade Area (AfCFTA) framework.

    “In addition, the visit will include a dedicated bilateral programme aligned with the Comprehensive Strategic Partnership (CSP) and the Ten-Year Strategic Programme of Cooperation (2020–2029) between South Africa and China, with a particular emphasis on Chapter Two on Mutual Beneficial Economic Cooperation and Trade.

    “The visit is also part of the evolving strategic trajectory of the South Africa-China relationship and reaffirms both countries’ commitment to deepening mutual cooperation in support of inclusive economic growth and sustainable development,” the Presidency’s statement read. – SAnews.gov.za

    NeoB

    MIL OSI Africa

  • MIL-OSI Analysis: Canada’s proposed east-west energy corridors should prioritize clean energy

    Source: The Conversation – Canada – By Andy Hira, Professor of Political Science, Simon Fraser University

    Canadian Prime Minister Mark Carney has made establishing east-west energy corridors a priority for Canada. He suggested that such corridors would include new oil and natural gas pipelines, designed to reduce dependence on the United States.

    Energy and Natural Resources Minister Tim Hodgson has gone even further in pushing for subsidization of carbon capture and storage projects that would effectively underwrite the long-term continuation of the fossil fuel industry at taxpayer expense.

    While there might be short-term political reasons for backing fossil fuels, such an approach goes against Canada’s long-term interests. Prioritizing fossil fuels undermines the country’s commitments to reduce emissions and takes away the investment needed for it to realize its potential to become a green energy superpower.

    Creating energy corridors is in the national interest, and would allow Canada to take full advantage of its abundant and diverse energy and mineral resources. The government also needs to be involved, as the corridors are interprovincial and will require substantial investment. However, the government has limited resources and so Canada must think strategically about its priorities for such corridors.

    Canadian taxpayers should not be subsidizing an already lucrative oil and gas industry. Instead, the federal government should prioritize funding clean energy supply solutions.

    Oil and gas subsidies

    Canadian governments have long faced opposition to building new pipelines. The provinces of Québec and British Columbia and many First Nations have strongly opposed new pipeline proposals. More recently, there is some signs of softening under the duress of U.S. tariffs.

    Even if such shifts are lasting, it’s for the private sector to step up and invest into these projects. Previous federal investments, such as the Trans Mountain pipeline (TMX), were reflections of the private market’s unwillingness to invest in pipelines because they are bad investments. The 2024 Parliamentary Budget Office report estimated that selling the TMX would result in a loss.

    There are reasons to question the soundness of fossil fuels on a purely financial basis. A 2022 Parliamentary budget office report found that climate change reduced GDP by 0.8 per cent in 2021, or around $20 billion. This number is expected to rise to 5.8 per cent per year by 2100 (or $145 billion in 2021 dollars).

    By contrast, from 2017 to 2021, federal, provincial and territorial governments received an average of $12 billion annually in revenues from the the oil and gas industry.

    The gap between the costs and benefits is only going to increase over time. The costs cut across all aspects of life, including food security, health care, global instability and threats to coastal cities due to sea level rise.

    On the other hand, every dollar invested in adaptation today has an estimated return of $13-$15.

    Furthermore, a recent study indicates a likely glut in global natural gas markets, and the future prospects for oil are equally questionable. For example, one of Canada’s target markets, Japan, has been reselling its liquefied natural gas imports to other countries, suggesting the glut of oil and gas is likely to continue as cheaper producers, including those in the Middle East and Southeast Asia, who are cheaper and closer to consumers, flood the market.

    Cheaper and closer oil producers are also flooding markets in anticipation of declining prices.

    There are important opportunity costs of investing money in fossil fuels that could otherwise be invested in the clean energy economy. When new technologies arise, there is a limited window of opportunity for global competitors to enter into an emerging industry.

    In light of the shift to electric vehicles, heat pumps and artificial intelligence, it’s clear that energy demand is bound to increase significantly in Canada in the coming years. Canada can become a global competitor, but only if it enters the race now, while the window is open.

    An East-West clean energy system

    Solar and wind prices have declined by 83 per cent and 65 per cent respectively since 2009. However, they suffer from the fundamental issue of intermittency; the sun is not always shining and the wind isn’t always blowing.

    While battery prices are declining, they remain an expensive solution. An easier solution is at hand: Canada’s hydroelectric resources. Québec, B.C. and Manitoba have abundant hydro resources that can reduce energy costs throughout the rest of the country.

    Alberta and Saskatchewan have potential for significant geothermal power generation. Ontario and the Atlantic provinces could contribute wind and solar. Trading electricity through an integrated national grid increases the investment capital and reduces the need for batteries while diversifying the energy mix.

    But we need an east-west electricity market to make this happen.

    An east-west grid would reduce the need for every province to run its own power generation system. Creating a pooled market would allow provinces to trade electricity, giving consumers more choice and investors a larger market and potential return on their investment.

    More valuable still is the fact that electricity capacity has to be built for the few peak hours and seasons. But most of the time demand is well below full capacity, such as the middle of the night or early summer, when neither heat nor air conditioning is needed in many areas. As peak times and seasons vary across the country, Canada can reduce overall costs by trading the electricity in the lowest cost producing province at a given time to where it’s needed in the other.

    By locating some of the new clean energy in First Nations, Canada can also move reconciliation forward. There is potential for a win-win situation whereby Canada increases renewable energy generation while creating new jobs and income for First Nations wherever feasible.

    The first step is for regulatory reform across the provinces to support a Canada-wide electricity market, and to provide the funding for the massive infrastructure investment required to connect provincial grids. This would be a federal investment with incredible long-term payoffs for employment, taxpayers and future generations.

    Following this plan could truly make Canada an energy superpower on the right side of the energy transition, create thousands of jobs and give the country a global competitive edge — all while helping to save the planet in the process.

    This article was co-authored by energy consultant Sheldon Fernandes.

    The authors do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    ref. Canada’s proposed east-west energy corridors should prioritize clean energy – https://theconversation.com/canadas-proposed-east-west-energy-corridors-should-prioritize-clean-energy-259530

    MIL OSI Analysis