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 protecting 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 receiving a subsidy from a third country on the internal market“, can we read in the press release of the Council. 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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