28/11/2022 (Agence Europe) – The regulation that will allow the EU to fight foreign subsidies that distort competition is nearing the end of the legislative process. The EU Council adopted it on Monday 28 November, marking the last step before publication in the Official Journal. The European Parliament and the Member States quickly agreed on the text in June (see EUROPE 12984/1) and MEPs gave the green light to the agreement in November (see EUROPE 13061/10). The regulation will enter into force 20 days after its publication in the Official Journal of the EU and will allow the European Commission to monitor foreign subsidies that may distort competition in the European market, to investigate some of them ex post facto and to potentially impose measures of redress for the distortion caused. See the regulation: https://aeur.eu/f/4bs (LM)