Results for: Foreign Subsidies Regulation

The European Commission has conducted the first raid under the Foreign Subsidies Regulation, targeting an unnamed Chinese security equipment company. The investigation was initiated by the Commission itself and is not based on a complaint. The Chinese Chamber of Commerce to the EU has expressed concern over the unannounced raids, claiming that enforcement agencies seized company equipment and demanded access to data. The Commission has previously opened several investigations into Chinese companies under the regulation and has launched a probe into medical devices today.

The European Commission has initiated an investigation into China’s medical device procurement practices, citing concerns over discrimination against EU businesses. The preliminary investigation identified restrictions on foreign suppliers, a ‘buy China’ policy, and regulations favoring domestic products. The probe follows a series of investigations by Brussels into foreign subsidies and anti-competitive practices. China is invited to provide its views and information within nine months. If the investigation confirms the preliminary findings, Chinese companies may face downgraded tenders and exclusion from EU markets.

The European Commission has conducted unannounced inspections at an unnamed security equipment company as part of its investigation into foreign subsidies. This marks the first time the EU has used its new powers under the Foreign Subsidies Regulation, which aims to address distortions caused by foreign subsidies and ensure a level playing field within the EU market.