EU agrees framework for screening foreign direct investment

EU agrees framework for screening foreign direct investment

The European Parliament, the Council and the Commission have announced political agreement on an EU framework for screening foreign direct investment. The Commission said that while openness to foreign direct investment is enshrined in the EU Treaties, and such investment fuels growth, innovation and employment, there are some cases where foreign investors might seek to acquire strategic assets that allow them to control or influence European enterprises the activities of which are critical for the security and public order in the EU and in its Member States.

The Commission says the framework:

• creates a co-operation mechanism where Member States and the Commission will be able to exchange information and raise specific concerns

• allows the Commission to issue opinions in cases concerning several Member States, or

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