EU Approves System to Screen Foreign Investment, With Eyes on China
Under the new rules, member states will have to inform the others when they are screening foreign investment projects for security reasons, and the European Commission will have the right to issue opinions on how to handle foreign investment where it affects more than one member state or involves an EU-wide project.
The European Union has approved new rules for its member states for the screening of foreign investment, its first attempt to create an entity similar to the Committee on Foreign Investment in the U.S., which monitors foreign investments on national security grounds.
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