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The Piraeus port in Athens. Would the EU let China buy it again? (Photo: European Parliament)

Interview

EU 'in search of lost time' on trade defence

MEPs aim to add a new element to the EU's trade defences on Monday evening (28 May) by endorsing a screening mechanism for foreign direct investment (FDI).

The move is designed to protect EU interests as well as free trade, amid the rise of China and the threat of a trade war with the US over steel tariffs and Iran sanctions.

The European Parliament's (EP) international trade committee is expected to bless the plan and to broaden its original scope.

The EU mechanism was

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