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Investment | Brussels, 11 December 2018

Commission welcomes progress in approval of the foreign investment screening framework

Today, the International Trade Committee of the European Parliament endorsed the political agreement reached between the Commission, the Council and the European Parliament on 20 November 2018 on the EU framework for screening foreign direct investment.

Trade Commissioner Cecilia Malmström said: "The broad support from the International Trade Committee highlights the importance of this file for our citizens and societies. The European Commission made it a priority to deliver on a framework that will protect our critical assets, technologies and infrastructure from potential security risks posed by foreign investors, while keeping Europe open for business. I now look forward to the speedy adoption of this Regulation by the plenary of the European Parliament and by the Council, as well as to its effective implementation."

The framework will allow Member States and the Commission to cooperate and exchange information on investments from third countries that may affect security or public order. It will be the first time that the EU formally cooperates in this area. A transition phase is set to ensure that Member States and the Commission can put in place the necessary arrangements for this new mechanism.

The Regulation will enter into force once the European Parliament and the Council conclude the respective ongoing approval procedures.

Background information

Commission welcomes trilogue agreement on FDI screening 

Full text of the provisional agreement