Navigating Uncertainty: The EU's Economic Security In an Era of Geopolitical Rivalry
Navigating Uncertainty: The EU's Economic Security In an Era of Geopolitical Rivalry

Author(s): Author Not Specified
Subject(s): Politics, Energy and Environmental Studies, Environmental and Energy policy, Security and defense, EU-Approach / EU-Accession / EU-Development
Published by: EUROPEUM - Institut pro evropskou politiku
Keywords: EU; geopolitics; rivalry; economy; security;
Summary/Abstract: The discussion commenced with an analysis of the geopolitical liabilities arising from major economic security concerns regarding the US, and their implications for the EU’s strategy. According to the Commission’s Economic Security Strategy of June 2023 the EU’s approach has sought to balance economic openness with risk management. While the initial focus was primarily on China, recent developments have brought the US into consideration. The challenges in swift and effective implementation of the EU’s economic security strategy were noted, with key practical steps including strategic partnership agreements such as the EUJapan agreement on cross-border data flows, reducing investment barriers in critical sectors such as clean technology, and addressing China’s technology transfer demands in exchange for battery production subsidies.

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