Foreign investments in the sights of Brussels

2022-07-01T16:09:30.738Z

The Commission is equipping itself with a new tool to prevent unfair competition from subsidized companies.

Correspondent in Brussels

The French presidency of the EU will therefore have worked until the last moment.

In the evening of Thursday, only a few hours before the clap of the end, a final agreement was concluded between the Council and the European Parliament.

Wanted by the Twenty-Seven since 2019, presented in May 2021 by the Commission, this dossier is crucial for the future of the EU since it concerns foreign investment in the Union.

This is a major step towards the protection of our economic interests

", welcomed the Minister of the Economy, Bruno Le Maire.

By mid-2023, the Commission will be able to control “

any economic activity benefiting from a subsidy from a third country on the internal market

”, reads the Council communiqué.

Concretely, the institution will be able to investigate foreign companies benefiting from state aid to carry out concentration operations or to bid for public contracts.

And these operations cannot...

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Source: lefigaro

All news articles on 2022-07-01