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The European Commission proposed a new regulation on 5 May 2021 to address foreign subsidies, which in certain cases are seen to be distorting the internal market. 

This proposal aims to ensure a level playing field in the internal market.  This proposal is an important next step which follows the EC’s publication of a White Paper on distortive subsidies in June 2020.  The White Paper set out several approaches to address distortive effects caused by foreign subsidies.  The proposal is part of the broader EU 2020 industrial strategy driven by the principle of ‘enhancing strategic autonomy.’