Webinar

The EU Foreign Subsidies Proposal

Law & Economics Webinar organised by Concurrences, in partnership with Covington & Burling, with Christof Schoser (Head of Task Force Third-Country Subsidies, DG COMP), Sophie Bertin (Senior Advisor, Covington & Burling) and Peter D. Camesasca (Partner, Covington & Burling).

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SYNTHESIS

Peter D. Camesasca moderated the discussion.

Christof Schoser reminded the audience of the key principles of the Commission’s proposed Regulation on foreign subsidies. This is a new field for EU legislation. It takes place in a context of deep and numerous interlinkages of the EU economy with the rest of the world. In terms of GDP, 35 per cent of the EU’s is related to trade. In terms of investment stock, a quarter of the inward investment in the world is today in the European Union. In consequence, economic policies conducted by third countries have spillovers into the European Union, positive ones but also potentially negative and distortive ones.

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Speakers