EU Agrees on Anti-Coercion Instrument

Export, Government, Procurement / By /

EU Agrees on Anti-Coercion Instrument

April 25, 2023
Export, Government, Procurement

The European Commission and European Parliament’s Committee on International Trade have agreed on an anti-coercion instrument (ACI) which will enable public procurement measures, import tariffs and trade restrictions to be placed against third countries who apply economic pressure or bidding coercion on member states.

The legislation was first proposed in December 2021 by the European Commission after clashes with China over trade sanctions placed against Lithuania and sanctions placed against EU academics and researchers. The US too had threatened punitive tariffs if the EU implemented a proposed digital tax that would impact large US corporations, threats they later withdrew.

The European Parliament’s Committee on International Trade (INTA) adopted amendments to the proposal on 10 October 2022 and have now reached a provisional political agreement on the anti-coercion instrument.

The European Commission would make the determination of coercion, however the Commission, EU member states, and the European Parliament would then agree on a set of countermeasures to take against the country.

Valdis Dombrovskis, Executive Vice-President for an Economy that Works for People and Commissioner for Trade, said: “Today the EU is taking a step closer to deterring economic coercion against the EU and its Member States. Progress on the Anti-Coercion Instrument is key to reinforce our trade agenda, giving the EU the tools to preserve open trade and address risks in a targeted way. I am looking forward to sealing the deal at the final trialogue, so we can have this instrument in place as quickly as possible.”

To find our more about the instrument you can read the Commission’s proposal and the European Parliament’s negotiation position.

Spend Network holds government procurement data for more than 150 countries globally. We take the hard work out of collecting, organising and analysing procurement data at scale. Our analysis can predict poor performance, bad tendering and new savings opportunities. We can monitor market efficiency and look for new suppliers to increase competition. Get in touch to find out how our data can help you.

 

May 30, 2023

Space To Innovate- New UK Gov Opportunity

The UK Government's, Defence Science and Technology Laboratory (Dstl) Space Systems Programme has announced it is seeking proposals to aid UK Defence...
Read more...
May 25, 2023

EU Commission Move To Electronic Procurement

The European Commissions Directorate Generate for Informatics (DIGIT), has launched a new dynamic purchasing system for software licences and associated services (SIDE...
Read more...
May 22, 2023

Biosecure Procurement Trial

The UK Government yesterday announced new measures for domestic tree seed production and biosecurity procurement requirements. The next round of the Domestic...
Read more...
May 18, 2023

New Industry Body White Paper Review of Covid Procurement

Since early on in the pandemic, there has been significant focus on the procurement of Covid related PPE, due to unprecedented nature...
Read more...
May 11, 2023

EU Council Joint Procurement Under European Peace Facility

The European Union Council has adopted an assistance measure worth €1 billion under the European Peace Facility (EPF) that will further contribute...
Read more...
May 10, 2023

Measuring Sustainable Public Procurement

One of the projects we are most proud of is working with The Open Contracting Partnership to create a Sustainable Public Procurement...
Read more...
May 3, 2023

From Hero to Zero – UK Digital Marketplace Shuttered

Within living memory, the UK’s Crown Commercial Service (CCS) had planned to reshape a large swathe of public procurement in the image...
Read more...
May 2, 2023

We Sell Data, Not Seats.

Why we sell data not seats? We're data analysts. We really understand the data we gather. We've been doing it for 15...
Read more...
May 2, 2023

New Tech Disrupts Traditional Government Procurement

A Silicon Valley startup, GLASS, has created a revolutionary new tech, Glass Commerce, an e-commerce marketplace enabling compliant transactions between government buyers...
Read more...
April 25, 2023

Green Public Procurement: New Report

At Spend Network, we are always on the look out for governments, think tanks, research bodies, and other organisations who are working...
Read more...
April 13, 2023

£256 Million Contract for Cyprus Awarded by UK Government

The UK Ministry of Defence  has awarded a £256 million contract, for work, repairs, servicing, and facilities management for the UK defence...
Read more...
April 5, 2023

Endorsements For Export Agencies

Endorsements are a win-win for export agencies. Exporters face new challenges, both in terms of increased barriers to trade following the pandemic,...
Read more...
April 4, 2023

Looking For Reasons To Export to Government?

If you are looking to grow exports, you should start with the largest and most transparent industry in the world, and here...
Read more...
April 5, 2023

Lockheed Martin Selected As Preferred Bidder.

US defence giant Lockheed Martin has won a contract to deliver Australia’s first sovereign-controlled military satellite communication constellation. Lockheed Martin was recently announced...
Read more...
April 4, 2023

What Is Beneficial Ownership Anyway?

Beneficial ownership refers to the real person(s) who ultimately owns or controls a company or other legal entity. This information is often...
Read more...

Newsletter

Compelling research, insights and data directly into your inbox.

Recent media stories

Search

Recent articles