Compromise Text of Regulation to Address Distortions Caused by Foreign Subsidies

On 15 July 2022, the Council of the EU published a letter to the Chair of the European Parliament Committee including the final compromise text of a proposal for a regulation to address distortions in the internal (EU) market caused by foreign subsidies, which was endorsed in a Permanent Representatives Committee meeting on 13 July 2022. First proposed by the European Commission in May 2021, the regulation is meant to close the regulatory gap in the Single Market, whereby subsidies granted b…