Question 16170 — European Union

Summary

Ms Liliana Tanguy questions the Minister of the Economy and Finance on the proposal for a European regulation [COM (2017) 487 final] establishing a framework for the screening of foreign direct investments (FDI) in the European Union. This proposal aims, in particular, to enable better exchange of information likely to “endanger the security and public order” of the Member States of the European Union (EU). GOOD While essential to the economic development of the single market, FDI may also be likely to harm the legitimate interests of the EU and Member States. This risk is particularly high for FDI carried out in strategic sectors and threatening to impact security or public order within the EU. Purchase operations of European port terminals such as that of Zeebrugge in Belgium or Piraeus in Greece by the state-owned Chinese company Cosco Shipping Ports, one of the world's largest maritime transport groups, are illustrations of this. Following the political compromise reached in December 2018 within the Council, the adoption of this proposed regulation will involve, in particular, compliance with the general conditions set out in Article 6 of the proposed regulation by the member states which have a FDI filtering mechanism. These conditions concern in particular deadlines and avenues of appeal. She questions him on how the “Pact” bill (Action plan for business growth and transformation), currently under examination, as well as current and future regulatory provisions, meet these new standards in favor of the protection of sensitive and strategic sectors of the economy.

Machine translation from French. The official text remains authoritative.

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