EU Takes Limited Steps to Strengthen Economic Security
- Commission will continue consultations for key proposals
- Bloc’s plan seen as targeting China, Beijing’s EU envoy says
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The European Union issued a series of modest proposals aimed at protecting some key technologies as it tries to counter a growing rivalry with China and Russia’s invasion of Ukraine.
The European Commission, the EU’s executive, presented measures to reinforce existing rules on foreign investments in the bloc. It will also explore options for goods that have both a civilian and military purpose, boost research security and curb the risk of critical leakage related to outbound investments.