EU reaches provisional deal on screening foreign investments

FILE PHOTO: European Union flags are seen outside the EU Commission headquarters in Brussels, Belgium November 14, 2018. REUTERS/Francois Lenoir/File Photo - Copyright Francois Lenoir(Reuters)

By Reuters

Published on 20/11/2018 - 14:34•Updated 25/04/2024 - 04:21

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BRUSSELS (Reuters) - The European Union reached a provisional deal on Tuesday on a far-reaching system to coordinate scrutiny of foreign investments into Europe, notably from China.

After five months of negotiations, representatives for the European Parliament and the EU's 28 member states reached the agreement a "trilogue" meeting with the European Commission on Tuesday.