European Union Agrees On Investment Screening Rules
By : Entertainment (now)
Published On: 2018-11-21
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According to Reuters, The European Union on Tuesday provisionally agreed on rules for a far-reaching system to coordinate scrutiny of foreign investments into Europe, notably from China, to end what a negotiator called “European naivety”.
Negotiators for the European Parliament and the EU’s 28 member states struck a deal to protect strategic technologies and infrastructure, such as ports or energy networks.
Under the plan, developed in the wake of a surge in Chinese investments, the European Commission would investigate foreign investments in critical sectors and offer opinions.
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