The European Union’s plans to tighten the screening of direct investments from outside the Union will not bring the wanted benefits, Minister for Foreign Trade and Development Kai Mykkänen estimates in an interview with the Financial Times. In a worst case scenario it could lead to a trade war. The objective of the more extensive vetting is to respond to the increase in Chinese investment in the European technology, energy and infrastructure sectors. Mr Mykkänen notes that the initiative is meant to please France and Germany but at the same time it could provoke China, India and the United States.
Media: Taloussanomat / Ilta-Sanomat
Main source: Minister for Foreign Trade and Development Kai Mykkänen