EU levels state aid playing field

EU levels state aid playing field

August 24, 2022, PFI

Sophie Bertin recently spoke with PFI about the new regulations granted to the European Commission to investigate state aid – or foreign subsidies – granted to foreign companies competing in the European Union as it bolsters its ability to prevent market competition distortions.

“This is a fundamental change to doing business in Europe,” Sophie said, adding that the regulations will capture some of the more obvious examples of foreign subsidies, such as equity, grants, and debt guarantees.

“It’s not targeting a specific industry, a specific country or company, it is levelling the playing field globally,” she said. She noted that the European Commission refrained from granting exemptions to any countries.

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