This initiative focuses specifically on the issue of economic coercion and the EU's possible response, aiming to preserve the EU's open strategic autonomy and policy-making space. The IA clearly defines the problem, its underlying causes, and the objectives to address it. The creation of a new legal instrument to deter and counteract economic coercion is the only type of option retained for analysis. This presumably follows on from the political commitment made in early 2021 (although this is not stated explicitly in the IA). This option was broken down into several policy options based on possible parameters used for the design of the instrument. The IA is substantiated by academic work, stakeholders' contributions and examples. The majority of stakeholders support a new policy instrument and their input contributed to the design of the proposed instrument. The IA focuses mostly on economic impacts, while social and environmental impacts are assessed briefly. Important benefits are expected from the instrument. Costs are expected only from its use, in particular from the application of countermeasures. The IA focuses on a qualitative assessment of impacts linked to the instrument's creation and existence, acknowledging that the impacts linked to the instrument's use are difficult to estimate at the design stage. Adequate monitoring and evaluation of the use of the instrument and of progress made against the objectives will therefore be important aspects that would have benefited from further detail in terms of indicators and provisions. The proposal generally reflects the preferred option of the IA, although some elements differ from the IA, such as the objectives and definition of economic coercion.
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