Proposal for a new EU Regulation on the screening of foreign investments and other initiatives to strengthen economic security in the European Union

1 February 2024

On 24 January 2024, the European Commission adopted five initiatives to strengthen the EU’s economic security in the areas of export controls, outbound investments, support for research and development of technologies with dual-use potential, enhancing security of research and foreign investment in the European Union.

The latter is accompanied by a new Proposal for a Regulation on the control of foreign investment that would introduce significant amendments to EU Member States’ screening frameworks and the EU cooperation mechanism.