1 Amendments of Monika HOHLMEIER related to 2021/0107(BUD)
Amendment 1 #
Motion for a resolution
Recital E
Recital E
E. whereas the foundry industry in Germany is facing acute challenges such as changes in international trade in goods and services, for example and overproduction in China, in particular in the automotive and machine industry, as well as relocating activities to non-EU countries, including to EU candidate countries, where lower environmental standards apply7 and industries are highly subsidized; _________________ 7Deutsche Bank Research (2020): Automobilindustrie – Produktion in China überflügelt heimische Fertigung; Eurofound (2016): -ERM report 2016: Globalisation slowdown? Recent evidence of offshoring and reshoring in Europe; Eurofound (2020): ERM report 2020: Restructuring across borders. Measured in compensated gross tonnage (cgt).