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Four new deliverables were introduced after a mid-term review of the original ASEAN Competition Action Plan 2016-2025. These include a new ASEAN Information Portal on Merger Cases, a new ASEAN Investigation Manual on Competition Policy and Law for the Digital Economy, initiatives to promote discussions between heads of competition authorities on the harmonization of competition policy and law, and a refreshed regional capacity building roadmap for 2021 to 2025.

The European Commission (“Commission”) published a White Paper proposing to create three new review mechanisms aimed at addressing the potential distortive effects caused by foreign subsidies in the Single market generally; in acquisitions of EU companies; and during EU public procurement procedures. A public consultation is now open until 23 September 2020 during which stakeholders can provide their views on the options set out in the White Paper.

On June 15, 2021, the White House announced that the US and European Union (EU) have reached an agreement in the 16-year WTO Boeing-Airbus dispute and agreed to address shared challenges from China. The US and EU will suspend tariffs that were authorized by the WTO that are related to this dispute for five years and work together to challenge and counter China’s non-market practices in this sector in specific ways that reflect standards for fair competition. This includes collaboration on inward and outbound investment and tech transfer.

A bold vision of the future is redefining corporate strategy for businesses in Asia Pacific, with new opportunities arising from disruption. In this series of reports, we explore the defining characteristics of transactions, using the Strategy, Competition, Assets, Process, and ESG framework to understand legal complexity and stress test plans in an evolving landscape.