EXTERNAL ACTION / Trade

European Court of Auditors warns of EU’s “shortcomings” in foreign direct investment screening

Brussels, 06/12/2023 (Agence Europe)

On Wednesday 6 December, the European Court of Auditors published a detailed report on the European Union’s control measures for foreign direct investments (FDI) entering the Union.

This foreign investment represents around €100 billion every year. The EU recently put in place a framework for screening FDI to better protect itself against potential threats (see EUROPE B13275A27), particularly in vital infrastructure and sectors (nuclear, ports, and semi-conductors).

For the Court of...