EU hopes to negotiate access of European companies to the Inflation Reduction Act with the US

This was announced by the head of the EC Ursula von der Leyen following a meeting with US leader Joe Biden.

“Today we agreed that we will work on critical raw materials that are produced or processed in the EU so that [the companies producing them] have the same access to the US market as if they mined or produced these raw materials in the USA,” TASS quotes her.

She also mentioned an agreement to engage in dialogue so that the incentives for the green economy "are the same on both sides of the Atlantic."

Earlier, US Energy Secretary Jennifer Granholm said that the US intends to avoid trade rivalry with the European Union in the field of clean energy and green technologies.

Sweden's Foreign Trade Minister Johan Forsell said that the act to reduce inflation in the United States is contrary to the rules of the World Trade Organization (WTO).