Filtrage des Investissements Directs Etrangers (IDE) – Instrument de sécurité économique nationale ou enjeu de souveraineté européenne ?

Viviane de Beaufort and Guillaume Gentile
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Viviane de Beaufort: ESSEC Business School, CEDE - Centre Européen de Droit et d'Economie - ESSEC Business School
Guillaume Gentile: IRISSO - Institut de Recherche Interdisciplinaire en Sciences Sociales - Université Paris Dauphine-PSL - PSL - Université Paris Sciences et Lettres - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement, CEDE - Centre Européen de Droit et d'Economie - ESSEC Business School

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Abstract: Situated within the context of contemporary geoeconomic rivalries, this article examines the political and legal dynamics underpinning the European Union's 2026 reform of the foreign direct investment (FDI) screening framework. By opening the "black box" of the trilogue negotiations, the study highlights a major paradigmatic shift: the transformation of FDI screening from an exceptional mechanism grounded in the exercise of national economic security policy into a fully-fledged doctrinal instrument of the European Union's sovereignty. It thereby unpacks the tensions inherent in the European model of "liberal patriotism," caught between the imperatives of financial openness and strategic protection, while revealing the complex agonistic struggles between supranational ambitions and the sovereigntist resistance of the Member States. In light of its innovative provisions, the article demonstrates that the new Regulation goes beyond its traditional role as a protective instrument to emerge as a vehicle for a novel European political identity, one that seeks to reconcile national sovereignty, a shared economic destiny, and the imperative of maintaining economic attractiveness.

Keywords: FDI screening; European sovereignty; Filtrage des IDE; Antagonisms; Complementarity; European Commission; Member States; Strategic sectors; Strategic industries; Strategic autonomy; European economic security; Foreign Direct Investment (FDI); Antagonismes; complémentarité; commission européenne; Etats Membres; secteurs stratégiques; Industries stratégiques; Autonomie stratégique; Sécurité économique européenne; Souveraineté européenne; Investissements directs étrangers (search for similar items in EconPapers)
Date: 2026-07-24
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