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The EU Parliament signs the Commission’s proposal which would allow the Commission to examine whether foreign subsidies have a potential negative impact on the internal market

On 4 May 2022, the European Parliament (the “Parliament”) adopted its position on the proposal of the European Commission (the “Commission”) for a Regulation on foreign subsidies distorting the internal market (the “Foreign Subsidies Regulation”) (see our alert on the proposal). It confirms the Commission’s powers to investigate and remedy the potential negative effects of foreign subsidies. It further approves a number of amendments adopted by the committee on international trade “to make the tool more effective and improve legal certainty”, according to the Committee’s press release. The five most important things for you to know about the recent amendments to the Foreign Subsidies Regulation: The possibility for the

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  • Covington & Burling (Brussels)
  • Covington & Burling (Brussels)
  • Covington & Burling (Brussels)

Quotation

Peter D. Camesasca, Carole Maczkovics, Sophie Bertin, The EU Parliament signs the Commission’s proposal which would allow the Commission to examine whether foreign subsidies have a potential negative impact on the internal market, 4 May 2022, e-Competitions May 2022, Art. N° 107001

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