To embed, copy and paste the code into your website or blog: The European Commission would gain extensive new powers to counteract alleged distortive effects of foreign subsidies in the EU Single Market—combining elements from EU rules on state aid, trade defence, merger control, and public procurement—under a novel instrument set out in its proposed Regulation published on 5 May 2021. As anticipated in our White Paper The EU "Club" Gets More Exclusive: Closing The Doors On Foreign Subsidies? (July 2020), the European Commission published a proposal on 5 May 2021 for a novel instrument that would provide it with extensive new powers to counteract alleged distortive effects of foreign subsidies in the EU Single Market.