Adopts Anti-Coercion Instrument

On 27 December 2023, the Regulation 2023/2675 on the protection of the European Union and its Member States from economic coercion by third countries (the Anti-Coercion Instrument) came into force. The regulation aims to deter, and if necessary, respond to coercive actions intended to influence the decisions of the European Union or its Member States through trade or investment pressure.

The European Commission may adopt response measures that include the imposition of tariffs, restrictions on trade in services and trade-related aspects of intellectual property rights, public procurement as well as restrictions on the entry of foreign direct investment to the European Union, or direct investments made by legal persons established in the European Union and owned or controlled by persons of the third country.

• Type:

  • Entry and establishment (Approval and admission)
  • Treatment and operation (Operational conditions )

• Industry:

  • Not industry specific

• Sources:

  • ec.europa.eu, New tool to enable EU to withstand economic coercion enters into force, https://ec.europa.eu/commission/presscorner/detail/en/ip_23_6804, 27 Dec 2023
  • EUR-lex, REGULATION (EU) 2023/2675 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 22 November 2023 on the protection of the Union and its Member States from economic coercion by third countries, https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A02023R2675-20231207, 07 Dec 2023