Exclusive | EU targets Chinese surveillance kit maker in latest use of foreign subsidies regulation

The European Commission released a statement saying it was “carrying out unannounced inspections at the premises of a company active in the production and sale of security equipment in the EU”.

However, it did not provide details of the company name, nationality or details on the sector in which it was involved.

“The commission has indications that the inspected company may have received foreign subsidies that could distort the internal market pursuant to the foreign subsidies regulation,” the statement read.

It added that they were “accompanied by their counterparts from the national competition authorities of the member states where the inspections were carried out”.

“Unannounced inspections are a preliminary investigative step into suspected distortive foreign subsidies,” it said, noting an-depth investigation would be the next step.

The EU has already used the foreign-subsidies regulation to investigate state handouts in the solar, wind turbine and rolling-stock industries. The tool entered law last year.

More to follow…


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