EU: Stricter subsidy control causes trou • Table.Briefings

The EU wants to prevent highly subsidized state-owned companies, for example from China, from buying up competitors or snatching up public contracts. But Europe’s industry is now up in arms over the implementation of the new rules – it fears that the reporting obligations will get out of hand. The Commission will likely amend the regulations now.

Basically, everyone agreed: Berlin, Paris, the EU Commission and German industry supported introducing stricter subsidy controls for non-European companies. During its EU Council presidency, the French government ensured that the regulation on foreign subsidies was hurriedly passed last year. The new rules will enter into force on July 12 – but considerable anger is mounting.

EU: Stricter subsidy control causes trouble

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