The Anti-Coercion Instrument (ACI) was passed by the European Parliament in October 2023 with 578 votes for, 24 against and 19 abstentions.
Under this legislation, the European Commission will investigate potential instances of economic coercion and present its findings to the parliament. If the parliament is satisfied that coercion has occurred and fails to resolve it through diplomatic means, it may seek reparations from the offending party or implement countermeasures.
This was also on the agenda at the 2023 G7 Hiroshima Summit, where member states launched the Coordination Platform on Economic Coercion (CPEC). This mechanism will facilitate information sharing and early warnings so proactive steps can be taken to counteract economic coercion threats.
While Western policymakers have been contemplating this issue and states like Malaysia and Vietnam have…
