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Revamped EU vetting system for FDI will come into force in three years, EU official estimates

By Joanna Sopinska ( May 14, 2024, 12:50 GMT | Insight) -- Foreign investments into strategic EU projects might see the bloc’s current screening rules continue applying for some three more years before the proposed revision enters into force, EU top trade official has said. Damien Levie, head of unit for FDI screening at the European Commission also said that talks among EU governments on the revamp have been progressing slower than expected. The change of term of the European Parliament this year is also causing a delay in talks among the bloc’s lawmakers, Levie said.Foreign direct investment into strategic EU projects might see the bloc’s current screening rules continue applying for some three more years before the proposed revision enters into force, the EU's top trade official has said....

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