Industrial Policy & Trade Monitor· 2667 actions· ✨ 89 recent

On June 17, 2026, at the margins of the G7 Évian summit, Prime Minister Carney and Chancellor Merz issued a bilateral joint statement committing Canada and Germany to a critical-minerals stockpiling partnership with capital investments to be concluded by end-2026. The statement also launches a joint supply chain mapping initiative to identify priority battery-value-chain opportunities, with a specific named project — RCT Solutions (DE) + Sio Silica + Manitoba partners — targeting the extraction and integrated solar manufacturing of 99.9%+ purity silica sand. It builds on the August 2025 CA–DE Declaration of Intent (which established the supply-chain mapping framework and business missions) and extends the relationship into binding capital-deployment commitments.

On 23 May 2026 President Javier Milei, Economy Minister Luis Caputo, and Chief of Staff Manuel Adorni announced the "Régimen de Incentivo para Grandes Inversiones en Nuevas Industrias" (Super RIGI), and on 26 May 2026 submitted the bill (Mensaje 181/2026, expediente 0005-PE-2026) to the Cámara de Diputados — pending Congressional approval as of filing. The regime applies a US$1 billion minimum investment threshold (with ≥20% committed in the first two years), a 15% corporate income tax rate (vs 25% under the base 2024 RIGI), accelerated depreciation of 60%/20%/20% over three years, immediate export-duty exemption (vs year 3 under RIGI), import-tariff exemption, and 30-year regulatory stability across tax, customs, social security, and FX matters. A progressive FX-liberalisation schedule allows 20% / 40% / 100% free disposal of export-generated foreign currency in years 1 / 2 / 3+. Target sectors are industries that "do not currently exist or are in experimental/pilot phase in Argentina," including semiconductors, AI data centres, advanced biotech, 100% electric vehicles, lithium value chain (downstream processing, cathode, battery), green hydrogen, solar panels, wind turbines, onshore LNG, SMR nuclear, aerospace, uranium value chain, potassium and phosphorus fertilisers, and new petrochemicals.

The European Commission on 4 March 2026 adopted COM(2026) 100 final, the proposed Industrial Accelerator Act (IAA), the central horizontal industrial- policy instrument of the 2024-29 Commission term. The proposal targets raising EU manufacturing's share of GDP from 14.3% (2024) to at least 20% by 2035 via three pillars: (i) demand-side "Made in EU" and low-carbon public-procurement preferences for strategic sectors; (ii) FDI conditionality on investments above €100 million from countries with >40% global manufacturing share in batteries, EVs, solar PV or critical raw materials; (iii) accelerated permitting through a one-stop-shop and member-state-designated Industrial Acceleration Areas. The IAA is a proposal — co-decision adoption is expected mid-to-late 2027.

NHPC Limited issued Notice Inviting e-Tender No. 2026_NHPC_894115_1 (registered ~12 January 2026, corrigendum 19 January 2026) for "Development of Power Evacuation Infrastructure for 1200MW Jalaun Solar Park" — three 33/400 kV pooling substations and associated transmission works for the Bundelkhand Saur Urja Limited (BSUL) solar park, a joint venture between NHPC and the Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA). Global Trade Alert values the tender at INR 614.21 crore. Per NHPC's standing compliance with the Government of India's Public Procurement (Preference to Make in India) Order, 2017, bidders must certify minimum local content, giving Class-I local suppliers a bid-evaluation preference margin. GTA records the intervention as announced/implemented 15 January 2026.

On 27 August 2025 the Royal Government of Cambodia issued Sub-Decree No. 161, amending Annex II (List of Categorization of Investment Activities) of Sub-Decree No. 139 of 26 June 2023 — the principal implementing decree of the 2021 Law on Investment (Royal Kram NS/RKM/1021/014). The amendment reclassifies investment activities in the production of electricity generated from renewable energy from Group 2 (medium-technology investment activities) to Group 1 (priority-sector investment activities), the highest-tier category under Cambodia's CDC-administered Qualified Investment Project (QIP) route. Group 1 elevation entitles qualifying RE-generation projects to a nine-year corporate income tax holiday (the maximum under the Annex IV incentive matrix), full customs-duty exemption on imports of construction materials, production equipment, and production inputs, priority-sector premiums, accelerated CDC investment-licence processing, and Special Economic Zone overlays where applicable. The reclassification reflects Cambodia's Cambodia Power Development Master Plan 2022-2040, which targets 70% renewable energy in the national power mix by 2030. Sub-Decree 161 is the foundational KH-issuer post-2021 Investment Law implementing decree for the RE sector, providing the regulatory anchor for project bankability assessments under Cambodia's evolving competitive-auction (post-feed-in-tariff) pricing regime being structured by the Ministry of Mines and Energy and the Electricity Authority of Cambodia (EAC). It brings Cambodia into alignment with parallel ASEAN investment-incentive-amendment instruments in Vietnam, Laos, and Thailand.

DVC, a central-government-owned power utility, issued a tender for a 132kV solar pooling station and 132kV double-circuit LILO transmission line at Konar, Jharkhand, to evacuate power from a 228 MW floating-solar project and a 100 MW/400 MWh battery storage system. The tender is valued at INR 113,169,393.72 (~USD 13.6m, requiring an EMD of INR 1,131,693.90) and embeds a domestic-supplier preference margin under India's Public Procurement (Preference to Make in India) Order, 2017, giving Class-I local suppliers a bid-evaluation advantage in civil-engineering and engineering-services categories. GTA records the intervention as announced/implemented 20 August 2025.

On 19 August 2025, Rajasthan Electronics & Instruments Limited (REIL) — a joint venture of the Government of India and the Government of Rajasthan — invited bids for a rate contract covering the survey, design, supply, erection, testing and commissioning of 25 MW of grid-connected rooftop solar PV systems on government buildings. The tender embeds a domestic-content preference under India's Public Procurement (Preference to Make in India) Order, 2017, requiring solar PV modules and inverters to be sourced from Class-I local suppliers. GTA records the intervention as announced/implemented 19 August 2025.

On 12 August 2025, THDC India Limited — a Mini Ratna public-sector enterprise under India's Ministry of Power — invited bids for a 53.9 MWac/72.8 MWp ground-mounted solar PV project (with three years of O&M) to be built within the premises of Karnataka Power Corporation Limited's Raichur Thermal Power Station (RTPS), at an estimated cost of INR 220.24 crore including GST. The tender embeds a domestic-content preference under India's Public Procurement (Preference to Make in India) Order, 2017, restricting bidders to "Class-I local suppliers" and requiring solar modules and cells to be sourced from the government's Approved List of Models and Manufacturers (ALMM). GTA records the intervention as announced/implemented 12 August 2025.

H.R.1, the "One Big Beautiful Bill Act" (Public Law 119-21), was signed into law by President Trump on 4 July 2025. The budget-reconciliation statute is the single largest reversal of the 2022 Inflation Reduction Act (IRA) industrial-policy framework: it accelerates the termination of IRA-era clean- energy tax credits and overlays a new "Foreign Entity of Concern" (FEOC) / "Prohibited Foreign Entity" (PFE) regime on the credits that survive. The §25E used-EV credit, the §30D new clean-vehicle credit, the §45W commercial clean-vehicle credit, and the §30C alternative-fuel-refueling-property credit terminate for vehicles or property placed in service after 30 September 2025. The §25C energy-efficient home improvement credit and the §25D residential clean-energy credit terminate for property placed in service after 31 December 2025. The §45Y clean-electricity production credit and §48E clean-electricity investment credit are eliminated for wind and solar facilities placed in service after 31 December 2027, with a safe harbour for projects whose construction begins on or before 4 July 2026. From 1 January 2026, projects beginning construction must satisfy "material assistance" thresholds limiting the share of components, subcomponents and critical minerals sourced from prohibited foreign entities (PRC, Russia, Iran, DPRK and entities controlled by them). For §45Y/§48E facilities the threshold starts at 40% non-PFE content in 2026 and steps up by 5 percentage points per year through 2030; for §45X advanced manufacturing PTC the analogous schedule begins at 50% in 2026 and rises through the decade. CBO scored the package's energy-credit terminations as generating roughly USD 280bn of revenue (gross), of which USD 77.4bn from §25D termination, USD 21.2bn from §25C, USD 77.8bn from §30D, USD 104.5bn from §45W, and USD 2bn from §30C, partially offsetting the bill's other tax cuts. The bill simultaneously re-authorises and broadens the §48D advanced manufacturing investment tax credit for semiconductor fabs, raising the credit rate from 25% to 35% for property placed in service after 31 December 2025 (preserving the CHIPS Act-aligned semiconductor leg of the IRA-era stack). The OBBBA therefore reshapes the IRA from a broad-based clean-energy + EV + manufacturing pull-through into a narrower, China-decoupling industrial policy concentrated on semiconductors and (residually) §45X battery / critical- mineral processing.

On 26 February 2025 the European Commission adopted the "Clean Industrial Deal" (CID), Communication COM(2025) 85 final, framed as a joint roadmap for competitiveness and decarbonisation. The CID bundles state-aid simplification, energy-cost relief, lead-market creation, capital mobilisation and circular-economy mandates into a single industrial strategy targeting both energy-intensive industries (steel, metals, chemicals, cement) and clean-tech manufacturing (batteries, solar, wind, heat pumps, electrolyzers). The Commission claims the package will mobilise more than €100 billion of public-and-private financing for EU-made clean manufacturing through a strengthened Innovation Fund, amendments to the InvestEU Regulation (up to €50bn additional guarantee capacity) and a proposed Industrial Decarbonisation Bank. CID directly precedes the Clean Industrial Deal State Aid Framework (CISAF, adopted 25 June 2025) and seeds legislative work on an Industrial Accelerator Act, a Circular Economy Act, and a strengthened CBAM. Severity 4 on mixed basis: explicit €100bn+ quant headline plus qualitative breadth across the EU industrial perimeter, formally re-anchoring the von der Leyen II mandate around competitiveness rather than pure decarbonisation.

On 1 February 2025, Finance Minister Nirmala Sitharaman announced the National Manufacturing Mission (NMM) in the Union Budget 2025-26 as a horizontal umbrella framework extending the 2014 "Make in India" architecture across small, medium and large industries. The mission rests on five focal areas: (i) ease and cost of doing business; (ii) a future-ready workforce for in-demand jobs; (iii) a vibrant and dynamic MSME sector; (iv) availability of technology; and (v) quality manufacturing. It will deliver policy support, execution roadmaps, and a governance/monitoring framework binding central ministries with states. NMM specifically commits to building a clean-tech manufacturing ecosystem with explicit coverage of solar PV cells, EV batteries, motors and controllers, electrolysers, wind turbines, very-high-voltage transmission equipment, and grid-scale batteries — i.e., the full hardware stack for India's Panchamrit (500 GW non-fossil by 2030), FAME-III EV ramp, and National Green Hydrogen Mission. NMM is the first horizontal Indian manufacturing-mission instrument in the IPTM register; existing IND entries are sector-specific PLIs (electronics, batteries, steel, semiconductors) and the National Critical Mineral Mission. Operational rollout flows through subsequent Cabinet-level scheme approvals (e.g. Biopharma SHAKTI ₹10,000 cr, Chemical Parks ₹600 cr in BE 2026-27); the mission itself does not carry a single headline outlay because it is the framework rather than an instrument.

On 29 January 2025 the Union Cabinet of India approved the National Critical Mineral Mission (NCMM), a seven-year programme running FY2024-25 through FY2030-31 with a headline financial envelope of ₹34,300 crore (≈USD 4.0 bn). The structure is split: ₹16,300 crore of direct government outlay administered by the Ministry of Mines, plus an expected ₹18,000 crore of investment by central public-sector undertakings (PSUs) and other stakeholders. The mission was first announced by the Finance Minister in the Union Budget 2024-25 (23 July 2024) and the Cabinet approval gave it formal sanction. The NCMM covers the full critical-minerals value chain: domestic exploration, mining, beneficiation, processing, recycling from end-of-life products, and acquisition of overseas mineral assets. The Geological Survey of India (GSI) is tasked with executing 1,200 exploration projects over the seven-year window (vs. 368 projects over the prior three years), expanded to offshore polymetallic-nodule provinces containing cobalt, REE, nickel and manganese. More than 100 critical-mineral blocks are slated for auction. Khanij Bidesh India Ltd (KABIL) — the JV of NALCO, HCL and MECL — is the designated vehicle for overseas acquisitions, with active Argentina lithium (CAMYEN SE, 15,703 ha) and Australia lithium/cobalt off-take pipelines. India's official critical-minerals list contains 30 commodities, of which 24 are inscribed in Part D of Schedule I of the MMDR Act 1957 (after the 2023 amendment), reserving central-government auction authority over them. The NCMM sets an explicit recycling target of 15-20% of domestic critical-mineral demand met from secondary sources (e-waste, battery scrap, industrial waste) by 2035. The mission also funds a National Centre of Excellence for Critical Minerals and offers customs-duty waivers on 25 critical minerals (announced in the same FY24-25 budget) to lower import costs while domestic capacity scales. NCMM is India's pull-side complement to the US IRA, EU Critical Raw Materials Act, Canada Critical Minerals Strategy and Australia Critical Minerals Strategy — a coordinated allied response to Chinese dominance over refined cobalt, REE, graphite and gallium/germanium. For India specifically it is framed as the supply-chain underpinning for FAME-III (EV adoption), the Semicon India programme (gallium/germanium/silicon), and the National Solar Mission (silicon, indium, tellurium, gallium for thin-film PV).

Türkiye's Ministry of Energy and Natural Resources (ETKB) published the YEKA GES-2024 tender specification in Resmî Gazete No. 32712 on 4 November 2024, allocating 800 MW of utility-scale solar PV capacity across six Renewable Energy Resource Areas (Bor/Niğde, Hisarcık/Kütahya, Tefenni/Burdur, Kayseri, Kahramanmaraş, Hilvan/Şanlıurfa) with 49-year land-use rights and 15-year USD-denominated power-purchase agreements through EÜAŞ. The auction concluded in January 2025 at a record-low ceiling price of USD 3.25 c/kWh, re-activating the YEKA pipeline after a multi-year pause and signalling a ~2 GW/year cadence through 2035 to meet the National Energy Plan target of 52.9 GW installed solar capacity by 2035. The specification includes local-content scoring and domestic-manufacturing commitments that shape foreign EPC and module-supplier access to the Turkish utility-scale solar market.

On 26 July 2024 President Erdoğan unveiled the HIT-30 (High-Technology Investment Programme), Türkiye's largest single industrial-finance instrument since the 2018 Investment Office reform, allocating USD 30 billion in state support over 2024-2030 to attract investment across 37 priority programmes spanning electric vehicles, batteries, semiconductors, solar/wind energy, green hydrogen, hyperscale data centres, biotechnological medicine, industrial robotics, and R&D. The Ministry of Industry and Technology is the operating agency, with the Industrialization Executive Committee chaired by the President providing high-level oversight; an Industrialisation Executive Committee under the President directs sectoral allocations. Headline tools include USD 4.5bn earmarked for an 80 GWh battery-manufacturing capacity (with USD 6,000/MWh grants through 2030), USD 2.5bn for 15 GW of domestic solar-cell capacity, USD 1.7bn for wind-component manufacturing, USD 1bn for top-1000 corporate R&D centre support (covering 50% of personnel costs for 5 years), corporate tax reductions, social-security-contribution coverage, energy-cost subsidies covering 50% of bills for energy-intensive projects, customs/VAT exemptions, and free or discounted land allocation in organised industrial zones. Programme targets at least USD 20bn in private-sector co-investment.

On 4 June 2024 the Philippine Department of Energy issued Department Circular DC2024-06-0018, the Revised Omnibus Guidelines Governing the Award and Administration of Renewable Energy Contracts and the Registration of Renewable Energy Developers. The circular operationalises the November 2022 reinterpretation (DC2022-11-0034) under which solar, wind, biomass and ocean/tidal RE resources are excluded from the constitutional 60-40 nationality cap on natural-resource exploitation, allowing 100% foreign-owned applicants to take RE Service Contracts in those four resource classes. Geothermal RE contracts remain subject to the 60-40 Filipino-ownership requirement. The Guidelines also restructure pre-award, award and post-award procedures across the ~1,400 RE service contracts (≈154 GW) in the DOE pipeline and allow developers to begin permitting and feasibility work before the 25-year contract term formally begins.

The EU Critical Raw Materials Act (Regulation (EU) 2024/1252) entered into force on 23 May 2024 after publication in the EU Official Journal on 3 May 2024. The Act sets binding 2030 benchmarks for the Union: ≥10% of annual consumption from domestic extraction, ≥40% from domestic processing, ≥25% from domestic recycling, and a strict ≤65% concentration limit from any single third country for each strategic raw material. It establishes a list of 17 strategic raw materials and 34 critical raw materials, creates a "Strategic Project" fast-track permitting regime (≤27 months for extraction, ≤15 months for recycling), and mandates joint purchasing and supply-risk stress tests for large EU manufacturers.

Portugal's Council of Ministers adopted Resolution n.º 49/2024 on 26 March 2024, establishing the Sistema de Incentivos ao Investimento em Setores Estratégicos (Strategic Sectors Investment Incentive System) — a dedicated state-aid window anchored to the EU Temporary Crisis and Transition Framework (TCTF, Commission Communication C(2023)1711) and routed through Portugal's Regime Contratual de Investimento (RCI, Decree-Law 191/2014). The scheme covers green-transition equipment manufacturing (batteries, solar panels, wind turbines, heat pumps, electrolysers, CCUS) and upstream critical raw materials (lithium, cobalt, nickel, manganese, copper, rare earths, graphite, anode/cathode precursor chemistries), offering cumulative grant equivalents up to 35% of eligible investment for large enterprises and 45–55% for SMEs, Cohesion-Region operations, or strategic-priority categories. A hard 31 December 2025 approval-decision sunset tied to TCTF expiry drove a Q3–Q4 2025 project-decision rush. The scheme served as the primary domestic state-aid instrument underpinning Portugal's four EU CRMA-designated strategic projects (Savannah Barroso lithium, Lusorecursos Aguas Frias lithium, Lifthium Estarreja LiCO3/LiOH refinery, Bondalti Estarreja lithium-derivatives integration).

Loi n° 2023-973 du 23 octobre 2023 relative à l'industrie verte (the Green Industry Law) is France's first comprehensive industrial-policy framework since France 2030 (2021). Published in the Journal officiel on 24 October 2023, it pursues three objectives: (i) accelerate the siting of strategic industrial projects on French territory, (ii) channel public procurement toward "virtuous" companies, and (iii) mobilise private savings for green-industrial CapEx. Its centrepiece is the new "Projet d'intérêt national majeur" (PINM) status, an exceptional procedure that fast-tracks urban planning, environmental permitting, and grid connection for projects deemed strategic for ecological transition or national sovereignty (gigafactories, hydrogen electrolysers, advanced semiconductor fabs). The law also creates the Plan d'épargne avenir climat (PEAC), a long-duration retail savings product reserved for under-21s and earmarked for European green-industrial financing, and codifies a 2023-2030 national green-industry strategy.

On 4 January 2023 the Union Cabinet of India, chaired by Prime Minister Narendra Modi, approved the National Green Hydrogen Mission with an initial financial outlay of ₹19,744 crore (≈USD 2.3 bn) covering FY2023-24 through FY2029-30. The bulk of the outlay — ₹17,490 crore — funds the Strategic Interventions for Green Hydrogen Transition (SIGHT) programme for electrolyser-manufacturing incentives and green-hydrogen production incentives. ₹1,466 crore is allocated to pilot projects (steel, mobility, shipping, ports, decentralised hydrogen), ₹400 crore to R&D, and ₹388 crore to other Mission components (skilling, regulatory framework, certification). The Ministry of New and Renewable Energy (MNRE) is the lead implementing agency. Headline targets by 2030: at least 5 MMT/year of domestic green-hydrogen production capacity, with ≈125 GW of associated additional renewable- energy capacity, mobilisation of >₹8 lakh crore (≈USD 100 bn) of total investment, creation of >600,000 jobs, and avoidance of ≈50 MMT/year of CO₂ emissions. The Mission is positioned as the supply-chain underpinning for India's hard-to-abate decarbonisation (refining, fertilisers, steel) and as the basis for a green-hydrogen export industry leveraging India's low-cost solar resource. MNRE notified the SIGHT scheme guidelines on 28 June 2023, splitting the programme into Component I (Electrolyser Manufacturing Incentive, ₹4,440 crore) and Component II (Green Hydrogen Production Incentive, ₹13,050 crore for Mode-1; subsequent Mode-2A and Mode-2B tranches added for sector-specific tenders). Solar Energy Corporation of India (SECI) is the implementing agency for both components and runs the competitive reverse-auction tenders.

President Ilham Aliyev signed Presidential Sərəncam (Order) No. 3378 on 22 July 2022 approving the Strategy for the Socio-Economic Development of the Republic of Azerbaijan for 2022-2026, operationalising the Azerbaijan 2030: National Priorities for Socio-Economic Development (February 2021) across five pillars: (1) sustainably growing competitive economy, (2) dynamic inclusive socially just society, (3) competitive human capital and modern innovations, (4) Great Return to liberated territories, and (5) clean environment and green growth. The strategy serves as the master policy chassis for SOCAR's investment programme across upstream (Azeri-Chirag-Gunashli, Shah Deniz), midstream (Southern Gas Corridor — TANAP + TAP delivering ~12 bcm/year to Europe and Turkiye), and downstream (Heydar Aliyev Baku Refinery, SOCAR Turkiye STAR Refinery, SOCAR Petkim), and anchors the July 2022 EU-Azerbaijan Memorandum of Understanding on Strategic Partnership in the Field of Energy, under which Azerbaijan committed to supply more than 20 bcm/year to Europe by 2027. The strategy also provides the policy foundation for offshore wind and solar agreements with Masdar (UAE) and ACWA Power (Saudi Arabia) under the green-growth pillar, and for the Karabakh and East Zangezur economic-region reconstruction programme following the September 2023 reintegration.