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EU anti-coercion instrument takes shape

Brussels continues to fine-tune a planned EU instrument against economic pressure from third countries. Details of this have now been debated in the European Parliament Committee on International Trade: A dedicated body, a proposed “EU Resilience Office”, which should keep an eye on and evaluate possible economic coercion attempts from China, will not be necessary, according to the Committee and the EU Commission. Since the anti-coercion instrument (“ACI”) is intended primarily to act as a deterrent, a newly created office would ideally have fairly little to do, said Trade Committee Chairman Bernd Lange (SPD) on Thursday. Accordingly, responsibility would better lie directly with the EU Commission.

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