Throughout the past few years, the EU has been revamping its regulatory toolbox in order to better address emerging economic, geopolitical, technological and climate challenges. This expanding toolbox includes instruments aiming at combatting economic distortions and creating a level-playing field in the Single Market, ensuring reciprocity with third countries in areas like procurement and combatting coercive actions initiated by those countries, fostering sustainable processes and preventing carbon leakage among industry players. As number of these regulations will impact the China operations of European companies, the European Chamber brings to you the Interpreting the EU’s Toolbox Series, where experts will provide an overview of the instruments that are being rolled out.
The fourth episode of the series will focus on the Anti-Coercion Instrument (ACI), which officially entered into force on 27th December 2023. This instrument aims at deterring and counteracting instances of economic coercion by third country actors, and it does so by establishing a process of identification of cases of coercion, engagement with the relevant third country to get it to cease such actions and, if that fails, imposition of countermeasures against said third country. Such countermeasures would include the imposition of tariffs, as well as restrictions on trade in services, on access to foreign direct investment and access public procurement.
On Tuesday, 5th March at 16:00, Ms Ani Grieco and Mr Lothar Ehring, Trade Affairs Officers at the European Commission, will provide an online overview of the ACI. The deadline for registration is Monday 4th March COB. Participants will receive an access link after registration closes.