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EU’s foreign-subsidies control will be ‘fair’ in light of state aid tweaks, Vestager says

By Tono Gil and Natalie McNelis ( March 6, 2023, 17:17 GMT | Insight) -- The European Commission has the “obligation to be fair” when enforcing its upcoming instrument to tackle distortive foreign subsidies at a time when the bloc is also loosening its state aid rules, the EU’s competition chief Margrethe Vestager said today. As a response to US and Chinese fiscal schemes to attract green industries, the commission is modifying its own state aid rules to temporarily allow more subsidies granted by EU countries.The European Commission has the “obligation to be fair” when enforcing its upcoming instrument to tackle distortive foreign subsidies at a time when the bloc is also loosening its state aid rules, the EU’s competition chief Margrethe Vestager said today....

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