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Source: European Parliament

B9‑0340/2020

Motion for a European Parliament resolution on protecting our economy against foreign takeovers

The European Parliament,

 having regard to Regulation (EU) 2019/452 of the European Parliament and of the Council of 19 March 2019 on establishing a framework for the screening of foreign direct investments into the Union[1],

 having regard to the Commission white paper of 17 June 2020 on levelling the playing field as regards foreign subsidies (COM(2020)0253),

 having regard to Rule 143 of its Rules of Procedure,

A. whereas the coronavirus crisis has put many European companies in a vulnerable situation in the face of financial difficulties; whereas the socio-economic consequences of the pandemic in non-market economy countries will be less than those in EU Member States[2];

B. having regard to the outcome of the World Trade Organization dispute settlement case opposing China to the EU regarding market economy treatment and anti-dumping;

C. whereas examples of foreign takeovers in Africa reveal a geopolitical strategy dominated by infrastructure networks, creating an artificial shortage of certain raw materials and forcing countries into a detrimental dependence on certain third countries;

1. Calls on the Commission to encourage Member States to ban aggressive takeovers in the EU market by third-country state-owned or state-subsidised companies, notably with regard to strategic sectors;

2. Instructs its President to forward this resolution to the Commission.

 

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