The European Commission has scaled back plans for tighter controls on outbound investment and sensitive technology exports to avoid a “turf war” with member states.
Unveiling delayed proposals to enhance the EU’s economic security on Wednesday, EU competition commissioner Margrethe Vestager said Brussels would improve co-ordination with states to help protect the bloc from authoritarian states such as China.
But Vestager stressed the need to avoid “a conflictual discussion” with national capitals that are responsible for their own decisions on investment and export controls.
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