Parliament to set its position on new trade defence tool
Parliament is expected to decide its negotiating position on new measures to counter market-distorting foreign subsidies granted to companies operating in the EU.
The new trade defence tool gives the EU Commission the power to investigate and counteract subsidies granted to companies that are set to acquire EU businesses or take part in an EU public procurement process. Currently no regime regulates support granted by non-EU countries, while EU countries are bound by strict state aid rules. The new tool aims to restore fair competition on the internal market.
Parliament will debate and vote on the Trade Committee report that made the Commission’s proposal more effective and improved legal certainty around the tool. The text approved in plenary will serve as the parliamentary team’s mandate in the upcoming negotiations with the member states about the final shape of the regulation.
Procedure code: 2021/0114(COD)
Specialists: Eszter
Debate: Wednesday 4 May 2022
Vote: Thursday 5 May 2022
Procedure: Ordinary legislative procedure