Expands list of sectors requiring prior notification for foreign investments
16 Aug 2024
On 16 August 2024, changes to the Foreign Exchange and Foreign Trade Act (FEFTA) Regulatory Notices entered into force. Additional sectors related to “specified critical products” were added to the list of “core business sectors” in which foreign investments are subject to prior notification requirements (for which the exemption for stock purchases is, as a general rule, not available) under the FEFTA for national security purposes. These additional sectors concern the manufacture of equipment (machinery, appliances, parts, supplies and materials) used mainly for the manufacture of semiconductors, the manufacture of advanced electronic components, machine tool components and of marine engines. The changes aim at securing stable supply chains and preserving economic security. The amendments apply to foreign investments made on or after 15 September 2024.
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Type:
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Entry and establishment (Approval and admission)
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Industry:
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Manufacturing (Manufacture of computer, electronic and optical products, and electrical equipment, Manufacture of machinery and equipment n.e.c.)
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Sources:
