On 5 May 2021, the EU Commission proposed a new Regulation to address the potentially negative effects on the EU market of subsidies provided by Governments outside the EU.
According to the EU Commission’s press release, these subsidies may undermine the level playing field that is needed for all companies in the EU to compete on equal and fair terms: the new Regulation “aims at closing the regulatory gap in the Single Market, whereby subsidies granted by non-EU governments currently go largely unchecked, while subsidies granted by Member States are subject to close scrutiny.”
Our Flash Info, written up by our Milano team, analyses the proposed Regulation and next steps.
