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In a major policy reversal, the European Union is set to propose a “swathe of new conditions” to prioritize local companies in investment decisions. This move by member-states and foreign firms aims to upend decades of free-trade philosophy that has governed EU policy. The new regulations will enforce preferential treatment for European businesses, shifting away from open markets. This marks a significant departure from established economic strategies, potentially reshaping the continent’s investment landscape. The proposal seeks to favor domestic enterprises over foreign competitors, signaling a protective shift for the European economy.
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