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Distortive foreign subsidies

Mad-Daqqa t’Għajn 07-11-2022

Foreign state financing of companies can have distortive effects on the single market. In its first November plenary session, the ºÏ·¨²©²ÊÍøÕ¾ will vote on the provisional agreement, reached in trilogue negotiations, on a proposed regulation to tackle such distortive foreign subsidies. Under the regulation, companies would need to notify subsidies granted by non-EU public authorities in areas of mergers and acquisitions and bids in big public procurements, and the Commission would have the right to examine other market situations. It would also have the powers to investigate such subsidies and to apply countervailing measures to mitigate distortions.