On June 17, 2020, in response to calls from the European Council and certain Member States, the European Commission published a White Paper setting out its proposals for a comprehensive set of new tools to tackle the potentially competition-distorting effects of foreign subsidies on the level playing field of the EU internal market.
These tools also aim to address existing gaps in EU competition, public procurement, and trade defence rules regarding foreign subsidies.
Please click here to read the full alert memorandum.