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Comparative Analysis of the FDIs’ Screening Mechanism Implementation in Selected EU countries: Finding а Role Model for the Macedonian Economy

FDI screening mechanism is a relatively new feature of the EU’s economy. It is a mechanism that aims to safeguard the security and public order in the EU. Not every EU member country has such a mechanism in place, so it is a work in progress. Nevertheless, given the geopolitical changes and global economic developments taking place, having a properly designed and functioning FDI screening mechanism grows in importance and increasingly becomes a must for any country that is already a member of EU or wants to become one. At the time when legislative proposal on this matter was tabled in 2017 there were 11 member states with a national FDI screening mechanism. In the meantime, this number has substantially increased and in 2023 a total of 21 member states were effectively working on introducing such a mechanism.

Given the circumstances and the regulation gaps in terms of the FDI screening mechanism in the EU it becomes even harder for an EU candidate country to introduce such a mechanism. Nevertheless, the process inevitably includes understanding of the overall framework and the EU coordination mechanism in this regard. A comparative analysis of selected countries is also needed in order to learn valuable lessons for designing our own mechanism.

The purpose of this policy paper is to provide information that would facilitate the process of designing an appropriate FDI screening mechanism for North Macedonia. Therefore, two key elements are taken into consideration. Firstly, the EU coordination mechanism for FDI screening is being analyzed in order to better understand “the big picture” regarding this mechanism within EU and the context of information and data sharing among EU member states and the EU Commission. Secondly, a sample of individual countries’ FDI screening mechanisms and their functioning within the national and the EU-wide environment was analyzed. The sample included small and open Eastern European fast developing economies in order to mirror the key characteristics of the Macedonian economy.

Comparative Analysis of the FDIs’ Screening Mechanism Implementation in Selected EU countries: Finding а Role Model for the Macedonian Economy

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