World

France, Germany, Italy urge rethink of foreign investment in EU

Published February 14, 2017 Updated February 14, 2017 01:27pm

1 min

By Shoaib Ur Rehman

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PARIS: France, Germany and Italy have asked the European Commission to rethink rules on foreign investment into the European Union over concerns technological know-how is leaking abroad, the three countries said in a joint letter obtained by Reuters.

The economy ministers of France and Germany and Italy's industry minister voiced concern that a growing number of non-EU investors were buying up European technologies for the strategic objectives of their home country.

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