Throughout the past few years, the EU has been revamping its regulatory toolbox in order to better address emerging economic, geopolitical, technological and climate challenges. This expanding toolbox includes instruments aiming at combatting economic distortions and creating a level-playing field in the Single Market, ensuring reciprocity with third countries in areas like procurement and combatting coercive actions initiated by those countries, fostering sustainable processes and preventing carbon leakage among industry players. As a number of these regulations will impact the China operations of European companies, the European Chamber brings to you the Interpreting the EU’s Toolbox Series, where experts will provide an overview of the instruments that are being rolled out.
The third episode of the series will focus on the Foreign Subsidies Regulation (FSR), which officially entered into force on 12th January 2023. This regulation aims at ensuring that subsidies from non-EU member states do not negatively impact fair competition in the Single Market. It requires companies that receive state aid to make a declaration under certain conditions and when thresholds are met. The European Commission’s Directorate-General for Competition (DG COMP) and Directorate-General for Internal Market, Industry, Entrepreneurship and SMEs (DG GROW) are the sole enforcers of the FSR.
On Monday 23rd October at 15:30, Dr Simone Ritzek-Seidl, Head of the Task Force for Third Country Subsidies at the Directorate-General for Competition, will provide an online overview of the FSR.