The European Parliament advances the discussion on International Procurement Instrument and Foreign Subsidy Instrument
Posted on 06.05.2022
The Committee on International Trade (INTA) of the European Parliament approved on 25th April the text of the provisional agreement on the EU International Procurement Instrument (IPI). The IPI aims to help open non-EU public procurement markets to EU firms, by introducing limitations in accessing the EU public procurement markets for non-EU bidders from countries that do not offer similar access to EU bidders. The text will be tabled for a final vote in plenary in June.
In the same meeting, the INTA Committee adopted a draft regulation on tackling distortive foreign subsidies that will be the basis for the upcoming inter-institutional negotiations with the Council.
Once adopted, the two measures would be relevant for the MedTech Industry, as European companies are confronted with an uneven playing field in several third countries due to challenging access to the procurement markets and lack of transparency.
For more information, please contact Dario Belluomini, Manager International Affairs.