European Commission reviews trade policy and investment screening tools with two consultations in September
The European Commission is reviewing how trade could contribute to the economic recovery, but its second aim is to establish a model of open strategic autonomy may open the door to protectionist tendencies.
CLEPA will contribute to the September consultation with a call for an economic growth supportive trade policy that addresses supply chain vulnerabilities without losing complementarity and competitiveness out of sight.
The Commission has also launched a consultation into more extensive screening of FDI and industrial subsidies to avoid that state aid from non-EU countries distort the single market and level playing field, in preparation of legislative proposals foreseen for 2021. CLEPA is currently assessing the Commission’s risk assessment, but is likely to also address the positive role that FDI by non-EU headquartered firms has played in strengthening the competitiveness of the European automotive supply industry.
In: CLEPA News, Growth & Competitiveness, Trade