Europe’s competitive openness is increasingly being challenged through foreign trade practices. With the White Paper on levelling the playing field, the European Commission seeks to deliver a key element of the vision of Europe's New Industrial Strategy based on competition, open markets, and a strong Single Market.
An analysis by Carolina Dackö deals with the possible regulatory approaches and redressive measures proposed by the European Commission in June 2020. It analyzes the suitability of the suggested instruments in tackling distortive subsidies that should close the regulatory gap and stop unfair competition in Europe.
The study succinctly describes how international trade rules on subsidies have evolved and provides high level recommendations for preparing actual legislation. The study also brings attention to potential risks in framing the new rules and explains why, to the extent possible, clear standards are needed. Europe’s open strategic autonomy requires that it dares to be strong and different.
Here you can read the full report as a pdf.
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