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 second episode of the series will focus on the International Procurement Instrument (IPI), which officially entered into force sixty days following its publication in the Official Journal of the EU on 30th June 2022. This instrument is aimed at ensuring a level playing field in terms of access of European companies to third country procurement markets. It enables the EU to initiate investigations and negotiate with third countries the removal of barriers to their procurement markets. At a last resort, if no solution is found, the EU could limit the access of non-EU players from the third countries concerned to its procurement market.
On Thursday 14th September at 16:00, Ms Lilia Petrova and Mr Nicolas Grosse, Trade Affairs Officers at the European Commission, will provide an online overview of the IPI. If you are interested in joining, please register with Ms Caroline Wang at intern011@europeanchamber.com.cn before 13th September COB.