Member states of the European Union will begin discussions next week on how much preferential treatment should be given to domestic companies in the bidding for approximately €2.5 trillion (about $2.9 trillion) of public contracts. 　According to sources, France is leading the push to prioritize European companies in procurement contracts, a market that represents about 15% of the EU's GDP. This initiative aims to support local businesses and counter the effects of U.S. trade protectionism policies that have “weaponized” key sectors. 　The EU has been striving to find more effective ways to compete with Washington and Beijing. Former European Central Bank President Mario Draghi stated last year that to avoid a "slow and painful" recession, the EU needs to invest up to €800 billion annually in its key domestic industries. Mario Draghi at the Brussels European Competitiveness Conference 　According to a draft of the summit conclusions obtained, EU leaders meeting in Brussels next week are expected to call for reducing the EU's “strategic dependence” and strengthening Europe's defense technology and industrial base. They will also discuss defense, competitiveness, and the green and digital transitions. 　Sources indicate that as the EU seeks to play a more autonomous role in the world, most EU officials and governments support the development of domestic industries, although there are still practical challenges and issues that need to be addressed. 　EU Industry Commissioner Stephane Sejourne stated in a written response, “I would prefer to welcome foreign investment into Europe on conditional terms. We must set conditions for accessing the European market, just as many countries do regarding their own markets. This is why we must establish the principle of 'European priority.'” 　He added, “Public procurement rules need to align with our common objectives.” A spokesperson for the French embassy in Brussels did not respond to a request for comment.