About this writes Bloomberg. It is noted that the European Commission (EC) will propose a number of new conditions that will ensure priority for local companies in investment decisions by EU member states and foreign firms, which contradicts the philosophy of free trade, which for decades determined the policy of the association.
The EC will propose rules that would make key foreign investments subject to strict conditions regarding technology sharing, hiring local workers and joint ventures with European companies.
The new rules are designed to increase the resilience of EU supply chains and protect industrial capacity in the face of Europe’s deepening manufacturing slump.
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