The EU should receive sweeping extra powers to stave off an unfair competitive threat from state-supported companies in China and elsewhere, the Dutch government has stated in a further sign of rising intent in Europe to defend the region’s economic interests.
In a position paper seen by the Financial Times, the Netherlands has called for an overhaul of European competition law that would allow Brussels to intervene if it found that state-backed businesses were distorting markets.
Under the proposals, the European Commission could stop such companies from buying EU competitors at inflated valuations or undercutting them with artificially low selling prices. Brussels would also be able to demand greater transparency in foreign companies’ accounts.
The revamp would be aimed at groups owned or supported by non-EU governments, to address concerns that their financial muscle gives them an unfair advantage over EU rivals inside the single market.
Full Content:
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
DOJ and FTC Introduce Website for Reporting Anti-Competitive Healthcare Practices
Apr 18, 2024 by
CPI
US Congress Advances Legislation to Compel TikTok Sale
Apr 18, 2024 by
CPI
UK Financial Sector Advocates Enhanced Regulatory Accountability
Apr 18, 2024 by
CPI
Google and All 50 States Defend $700 Million Consumer Settlement
Apr 18, 2024 by
CPI
Colorado Enacts First Law to Protect Consumer Brainwave Data
Apr 18, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI