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European economic security strategy pdf A Strategy to enhance European Economic Security The global pandemic, Russia’s illegal and unprovoked war in Ukraine, hostile economic actions, cyber and infrastructure attacks, foreign interference and disinformation a global increase in and geopolitical tensions have exposed risks and vulnerabilities in our societies, economies and Jun 26, 2023 · The COVID-19 pandemic, Russia’s invasion of Ukraine and the rise in geopolitical tensions have exposed vulnerabilities in our economies. It is gaining trac tion due to rising geopolitical tensions coupled with global economic integration, which highlight the An EU approach to enhance economic security * Brussels, 20 June 2023 The European Commission and the High Representative today published a Joint Communication on a European Economic Security Strategy. The fourth category relates to economic security strategies. The European Union (EU) and Japan face an increasingly challenging and interlinked security environment as demonstrated by unilateral. The starting point must be a robust economy that can withstand the demands imposed by economic security. 5 From the Council Conclusions of June 2015 on a “renewed internal security strategy “to the more recent Council outcomes of December 2019. Institut Montaigne's Committee on National Security Strategy also highlights the salience of this issue. G7 countries are also expanding the range of measures tackling complex security risks. It is not intended to specify China but to design the de-risking strategy of the EU as a whole, with the aim of promoting the competitiveness of EU industries, protecting Nov 15, 2024 · European Economy Institutional Papers are important reports analysing the economic situation and economic developments prepared by the European Commission's Directorate-General for Economic and Financial Affairs, which serve to underpin economic policy-making by the European Commission, the Council of the European Union and the European Global Europe Economy Politics Agrifood Health Tech Energy, economic security strategy. Oct 11, 2023 · The European Economic Security Strategy identified the following four broad and non-exhaustive categories of risks for further assessment: resilience of supply chains, including energy security; physical and cyber-security of critical infrastructure; technology security and leakage; weaponisation of economic dependencies and economic coercion. She also spoke about the main aims of the revision of the EU's long-term budget. The strategy proposes, among others, a review of the Foreign Direct Nov 14, 2024 · The bloc’s leaders realize their continent’s economic security potential. Japan’s burgeoning economic security strategy: Navigating amidst US-China competition 1 Japan's burgeoning economic security strategy: Navigating amidst US-China competition* Former Prime Minister Abe Shinzo vowed to reinvigorate Japan after two decades of stagnation and he made important progress. But Jun 26, 2023 · The COVID-19 pandemic, Russia’s invasion of Ukraine and the rise in geopolitical tensions have exposed vulnerabilities in our economies. The EU Economic Security Strategy bears a democracy challenge. Read our full message. This chapter of the strategy argued that regional organisations, The EcoSec strategy presented here should enable the ICRC to balance provision of timely life-saving aid with the realization of broader and longer-term outcomes for people affected. effect to the European Economic Security Strategy adopted in June 2023. Oct 8, 2024 · Building a grand strategy to address this requires navigating three related dilemmas: boosting innovation while upholding European values; boosting Europe’s economic security while preserving its openness; and boosting its international influence while adapting to a harsher geopolitical environment. Our pragmatic research and ideas aim to help governments, industry and societies to adapt to our complex world. Jan 26, 2024 · Washington, unlike Brussels, does not have a formal economic security document or doctrine. It is comprehensive in its approach and remains fully relevant. • Consistency with existing policy provisions in the policy area The European economic security strategy follows a three-pillar approach: promotion of the EU's economic base and competitiveness; protection against economic security risks; and Reference: European Commission (24. The future European security and defence technological and innovation landscape should be developed under EU cooperative frameworks from the outset. That strategy focuses on ‘de-risking’ the EU’s trade and investment links with third countries as well as promoting the EU’s competitiveness and growth, and partnering with third countries with shared concerns. 2023 Subject : European Security Strategy In conformity with the Thessaloniki mandate and following the outcome of the GAERC meeting on 8/9 December, the SG/HR, Javier SOLANA, herewith submits the European Security Strategy for adoption by the European Council. In June 2023 the European Economic Security Strategy announced a legislative proposal to update the FDI Screening Regulation. In February 2010, under the six-month Spanish Presidency, the Council complemented the European security strategy by adopting the internal security strategy. 1. indd 5 330/09/09 13:05:440/09/09 13:05:44 1. Exchange of views with Sabine Weyand, Director-General of DG Trade, European Commission, trade and investment related aspects of the European economic security strategy, 24 January 2024. 1/2 European Economic Security Strategy: Confirmation of the change in policy welcomes the Communication on "European Economic Security Strategy" as a topical initiative to respond to the new and constantly changing geopolitical and geoeconomic conditions. economy, in line with the June 2023 European Economic Security Strategy. 1 The document was drafted by the Secretary-General/High Representative Jun 20, 2023 · joint communication to the european parliament, the european council and the council on “european economic security strategy” Publication metadata Download and languages Close economy, in line with the June 2023 European Economic Security Strategy. The EU needs to maximise the benefits of its economic openness while minimising the risks from of economic interdependencies, through setting up a common strategic framework for economic security as securing economic outcomes against targeted hostile foreign interventions and discounting measures pertaining national security. 12 Some countries are already a step ahead of others. The EU needs to maximise the benefits of its economic openness while minimising the risks from of economic interdependencies, through setting up a common strategic framework for transformation and to strengthen the European economy, but the additional budget of 10 billion Euro cannot cover the need for investment by far. This document set out to mitigate risks amid rising geopolitical tensions and rapid technological changes while maintaining economic openness and vitality in Jan 10, 2024 · The European Council adopted the European Security Strategy (ESS) in December 2003. This memo summarises and expands on Leonard et al (2019) a June 2019 “European Economic Security Strategy” (EESS) in June 2023. economic interdependencies, through setting up a common strategic framework for EU economic security. The Biden administration has periodically attempted to articulate its approach to economic security, but the sharing of economic security competencies across several U. An enhanced methodology to monitor the EU’s strategic dependencies The Joint Communication on a European Economic Security Strategy adopted on 20 June 20231 (‘the Joint Communication’) recognises the importance of open global markets for the success and economic security of the European Union in terms of both resilience and competitiveness. Filter coverage by section More. This interdependence has geo-political, economic, and security dimensions. Oct 2, 2024 · Fourth, on economic security, the report stresses the need for greater EU strategic autonomy and economic security to reduce susceptibility to economic coercion by third countries. After all, in the 21st century, security also means making sure our heating works in winter. Apr 23, 2024 · Opinion of the European Economic and Social Committee on Joint Communication to the European Parliament, the European Council and the Council on ‘European Economic Secur ity Strategy’ (JOIN(2023) 20 final) (C/2024/2489) Rappor teur: Milena ANGELOVA Refer ral European Commission, 20. Significantly, the recommendation on strengthening research security was accompanied by a White Paper that contained suggestions on opening up funding for dual-use technology within Horizon Europe’s successor, Framework May 15, 2024 · Seventh Progress Report on the implementation of the EU Security Union Strategy Security Strategy. Jun 29, 2023 · We count on the European Council to pave the way to a sound economic security strategy, based on market-driven diversification, ambitious trade and investment agreements as well as critical raw material partnerships and coherent EU policies to attract investment and facilitate production in Europe. It calls for more rapid and coordinated action at EU level in the area of dual-use export controls and making full use of the possibilities offered by the Dual-Use Regulation. This package is part of the steps to implement the European Economic Security Strategy announced in 2023. This Communication will help to define the strategy that should guide the common assessment of risks, the use of existing tools and the identification of possible gaps in the EU’s economic security arsenal for which we will develop a common response. What is the European Commission's approach to Economic Security? On 20 June 2023, the European Commission and the High Representative published a Joint Communication on a European Economic Security Strategy, to minimise the risks to economic security in the context of increased geopolitical tensions and accelerated technological shifts, while Economic security foundations To achieve these different dimensions of economic security, certain preconditions will have to be met; economic security cannot be achieved in isolation. This Joint Communication focuses on minimising risks arising from certain economic flows in the context of increased geopolitical tensions and Ursula von der Leyen presented the new European economic security strategy. Nov 15, 2023 · Resilience features prominently in the new German National Security Strategy. • Consistency with existing policy provisions in the policy area The European economic security strategy follows a three-pillar approach: promotion of the EU's economic base and competitiveness; protection against economic security risks; and defensive instruments and new ones within the framework of the EU economic security strategy but with full involvement of member states and other European stake holders. The global pandemic, Russia’s illegal and unprovoked war in Ukraine, hostile economic actions, cyber and infrastructure attacks, foreign interference and disinformation and a global increase in geopolitical tensions have exposed risks and vulnerabilities in our societies, economies and companies that did not exist only a few shorts year ago. Faced with relevant economic and geopolitical risks, no country can win alone and 27 national May 30, 2024 · European Economic Security Strategy in June 2023. ability of European organizations to collaborate with trusted global partners could make the EUs digital ecosystem less secure. 3 This report analyses Europe’s current position within global value chains for critical technology Oct 19, 2009 · Subject: common security and defence policy , European security , the EU's international role Paper ISSN The European Economic Security Strategy was drafted jointly by the European Commission and the high representative for foreign affairs; it is intended as a guide for the European Union to promote the competitiveness of its industry, protect itself from external threats, and forge partnerships with other countries. Dec 12, 2022 · This book analyses whether the EU’s drift towards European strategic autonomy presents a challenge or a window of opportunity for its small member states to advance their security interests. According to the Commission, the Union’s economic security is facing multitudes of ‘risks because they pose risks to the security of the Union and its Member States or are unethical. Jan 24, 2024 · BRUSSELS (Reuters) - The European Commission set out plans on Wednesday to bolster the European Union's economic security through closer scrutiny of foreign investments and more coordinated Nov 13, 2023 · This paper re-examines choices taken and argues that European Economic Security needs to focus more on (1) how to deal with hard economic security risks and prepare for high-risk events; (2) how to maintain openness and competition by increasing resilience and building international partnerships; (3) how to address institutional weaknesses and Jun 23, 2023 · HR/VP Blog - On Tuesday, I presented with the European Commission a Joint communication on economic security to protect EU interests against the weaponisation of economic ties. Its starting point sets out an overview of the risks, acknowledging the inherent tensions between bolstering economic security, and Apr 12, 2024 · On 20 th June 2023, the European Commission and the European External Action Service published a Communication on the European Economic Security Strategy (EESS). The Joint Communication on the European Economic Security Strategy13 adopted on 20 June 2023 proposed a common European approach to economic security, including by de-risking and promoting a technological edge in critical sectors. . Charting a Balanced Path: Our Recommended Approach for Economic Security In order to realize the ambitions of the European Economic Security Strategy while also fostering economic Nov 29, 2023 · Facing recent global disruptions brought about by the COVID-19 pandemic, the war in Ukraine, climate change, and the race for raw materials and technology needed for the green transition, economic interdependence—not least unilateral dependence—has increasingly come to be seen as a security threat. Security means being able to find medication for our children in our phar-macies. Feb 5, 2024 · With its Economic Security Strategy, the European Commission has put EU-level initiatives in this area into an overarching framework. Today's proposals are part of a broader three-pillar approach to EU economic security by promoting the EU's competitiveness, protecting against risks and partnering with the broadest possible range of countries to advance shared economic security interests. The document includes : A rapidly changing European security threat landscape Jun 30, 2023 · The Joint Communication on European Economic Security Strategy, issued by the European Commission and the EU High Representative for Foreign Affairs on June 20, was meant to address such concerns. To build resilience and maintain its international credibility, the union will have to balance its pursuit of economic security with broader foreign policy goals. 2015) Jun 14, 2013 · Opinion on the Joint Communication of the Commission and of the High Representative of the European Union for Foreign Affairs and Security Policy on a 'Cyber Security Strategy of the European Union: an Open, Safe and Secure Cyberspace', and on the Commission proposal for a Directive concerning measures to ensure a high common level of network May 1, 2015 · The European Security Strategy (ESS), the first ever common strategic document of the EU, adopted by the European Council in December 2003, accords a central place to the collective security President of the European Commission Ursula von der Ley, en, who advocated reducing European dependencies on China and taking a more assertive on Taiwan. Economic security policy . It includes measures aimed at securing economic outcomes in a narrow strategy in June 2023. The Economic Security Package’s most concrete Dec 12, 2003 · European security strategy. COOPERATION BETWEEN MEMBER STATES AND THE COMMISSION. After the European Economic Security Strategy was put forward in June 2023, a commitment to implement it in the new EU cycle has now followed, together with the designation of the first-ever Commissioner for economic security. The European Security Strategy is the document in which the European Union clarifies its security strategy which is aimed at achieving a secure Europe in a better world, identifying the threats facing the Union, defining its strategic objectives and setting out the political implications for Europe. In this commentary, I analyze the use of resilience in the strategy and show the links to prominent findings from resilience research. The internal security strategy was approved by the European Council on 25 and 26 March 2010. and preserve its economic prosperity and security. With our Strategy, the EU and its Member States will be better equipped to commonly identify and assess the risks to our economic security, to use strategically the available tools for dealing with these risks and to develop new tools where Jun 26, 2023 · The COVID-19 pandemic, Russia’s invasion of Ukraine and the rise in geopolitical tensions have exposed vulnerabilities in our economies. The package is a continuation of the European Economic Security Strategy initially presented in June 2023. In this in-depth analysis, we discuss the challenges posed by economic security and the approaches to it taken by other large economies. 2016. The strategy calls for the development and implementation of adapted responses that are promoting economic security and overall resilience to shocks. Firstly, EU strategy would need to complement actions carried out by each EUMS, following the principle of subsidiarity. At their summit in Hiroshima (Japan), G7 leaders agreed to coordinate their approach to economic resilience and economic security. Premised on the notion that the EU thrives in an open and rules-based world, the strategy highlighted that new economic security risks are emerging as a result of increasing geopolitical tensions, geo-economic fragmentation and profound technological shifts. When Europe addresses economic security issues, it needs to define its strategic “economic goods” and identify how to protect/ strengthen its economic security at EU level. For example, Japan has a Minister of State for Economic Security, and in 2022 passed the Economic Security Promotion Act, which involves a six-step item-specific pro- Feb 6, 2024 · Background The External Relations (REX) section of the EESC has provided its opinion on the Commission's communication on the European economic security strategy. I use a disaster resilience point of view and show that the unspecific usage of resilience in the strategy could European Security Strategy, a milestone in the development of an independent EU foreign and security policy, already dedicated an entire section to the importance of an international order ' based on effective multilateralism '. A Strategy to enhance European Economic Security. European Economic Security Strategy. Brussels, 20 June 2023. It is the beginning of a process for defining a European economic security framework by building a consensus between member states and finding the right balance between the openness that we want to keep and the (“HRVP”) 4adopted a Communication on a European Economic Security Strategy. Jun 22, 2023 · The European Economic Security Strategy proposed on June 20 th by the European Commission appears to be a logical step to take it from there, especially after the strong statement on economic security made by the G7 leaders in Hiroshima in May. This strategy is part of a broader three-pillar approach Security Policy adopted a Joint Communication on a European Economic Security Strategy1. Europe and the Indo-Pacific are highly interconnected and interdependent. Most recent. 9. Nov 19, 2024 · In response to great-power rivalry and the weaponization of interdependence, the EU has adopted a geopolitical approach to economic statecraft. Getting to work safely because our trains are not Draft Council Conclusions on the Renewed European Union Internal Security Strategy 2015-2020, 10 June 2015. It analyses the current situation and makes a In January 2024, the European Commission released a ‘comprehensive trade, investment, and research package’ on the EU’s Economic Security. BETWEEN THE EUROPEAN UNION AND JAPAN 1. In the hard security domain, the trade-off with economic efficiency is clearly on the side of security in the new age. Nov 20, 2024 · The European defence industrial strategy (EDIS), proposed by the European Commission on 5 March 2024 2 In EU terms, a joint communication from the European Commission and the EU High Representative for Foreign Affairs and Security Policy (European Commission and High Representative, 2024). 8 Japan’s National Security Strategy of 2022 makes implicit reference to Chinese non-military pressure as a risk to Jan 24, 2024 · because they pose risks to the security of the Union and its Member States or are unethical. It is gaining trac tion due to rising geopolitical tensions coupled with global economic integration, which highlight the cated to economic security and in May 2022 it was the first G7 member to introduce dedicated legislation on economic resilience and security: the Economic Security Promotion Act. [1] The European security strategy was drawn May 7, 2024 · The Effects of a Hard Decoupling from China on the German Economy’, Chapter 4 in Europe’s Economic Security, Paris Report 2, CEPR and Bruegel. President von der Leyen stressed that global integration and open economies were a force for good for Europe, as they were ‘good for our competitiveness, and good for our economies'. This is understandable, given the complexity of the topic, breadth of policy implications, and difficulty gaining multilateral consensus. The concept of a dedicated, horizontal economic security policy is rather novel. The European Council adopted the European Security Strategy (ESS) in December 2003. Deep technological shifts are adding to the complexity of security challenges. The European Economic Security Strategy is based on a three-pillar approach: promotion of the EU's economic base and competitiveness; protection against risks; and partnership with the broadest possible range of countries to address shared concerns and interests. Regarding the European Economic Security Strategy, EARTO members as key European technology providers are looking forward to: • Contribute with their Member States to the establishment of a framework for assessing risks affecting the EU's economic security; this includes participating in establishing a list of The Security Union Strategy is composed of four strategic priorities for action at EU level: a future-proof security environment, tackling evolving threats, protecting Europe from terrorism and organised crime, and a strong European security ecosystem. While accepting the trade-offs of more economic security is needed, building stronger partnerships can reduce the costs of de-risking. The EUMSS also cuts across various sectors dealing The European Commission’s 2023 Joint Communication on a European Economic Security Strategy recognises this, proposing a three-part approach: promoting competitiveness, protecting against risks and partnering with like-minded countries. promoting our own competitiveness; protecting ourselves from economic security risks Economic Security Strategy backstory… On 20 June 2023, the European Commission and the High Representative released a Joint Communication outlining the European Economic Security Strategy. In the EU, this was followed by the Economic Security Strategy presented in June 2023. economic interdependencies, through setting up a common strategic framework for EU economic security. In 2023, the European Commission released an economic security strategy document laying out how economic statecraft measures such as export controls could have ripple effects across the continent and beyond. The second Paris Report examines where Europe is vulnerable and where and how it Economic Security Strategy backstory… On 20 June 2023, the European Commission and the High Representative released a Joint Communication outlining the European Economic Security Strategy. own priorities”. A secure Europe in a better world - European MAING EUROEAN ECONOMIC SECURITY A REAITY 3 POLICY PAPER - March 2024 Making European Economic Security a Reality Institut Montaigne is a leading independent think tank based in Paris. The Maritime Security Strategy The EUMSS is the most comprehensive and integrated EU security strategy to date. The proposed changes reflect new geopolitical and security challenges, as In June 2023, the European Commission unveiled its European Economic Security Strategy (European Commission, 2023). Communication from the Commission to the European Parliament, the European Council, the Council, the European Economic and Social Committee and the Committee of the Regions on the EU Security Union Strategy, COM(2020) 605 final. We then analyse the European strategy in this framework. In the hard security domain, the trade-off with economic efficiency is clearly on the side of security Nov 19, 2024 · In response to great-power rivalry and the weaponization of interdependence, the EU has adopted a geopolitical approach to economic statecraft. Bown, C. Jul 7, 2023 · At a 10,000-foot level, the non-binding European Economic Security Strategy outlines three overarching priorities: ensuring EU competitiveness, protecting EU economic security from exogenous and endogenous risks, and cooperating with partners whose interests align with those of the European Union to create secure supply chains. While acknowledging the importance of economic security, we stress that the process of de-risking of European industrial value chains should remain primarily market driven. The recent stance oint j communication on a European economic security strategy confirms the Commission's approach of de-risking economic relations with China. It also organises several annual initiatives and events with a focus on civil society and citizens’ participation such as the Civil Society Prize, the Civil Society Days, the Your Europe, Your Say youth plenary and the ECI Day. 6 “Delivering on the European Agenda on Security to fight against terrorism and pave the way Jun 20, 2023 · The European Commission and the High Representative today published a Joint Communication on a European Economic Security Strategy. Central to the European Energy Security Strategy is, therefore, an integral part of the 2030 policy framework on climate and energy 2 and also fully consistent with our competitiveness and industrial policy 3 objectives. Dec 15, 2024 · European Parliament, debate with VP/HR Josep Borrell Fontelles on the European Economic Security Strategy, 12 December 2023. In response, a Joint Communication on a European Economic Security Strategy (the "Strategy") was adopted by the European Commission and the a benchmark to assess European responses to international security rather than describe a manifest new approach. The European Commission on the other hand applies a hybrid approach in its economic security strategy (European Commission 2023) 1. ACT. Jun 20, 2023 · The European Commission and the High Representative today published a Joint Communication on a European Economic Security Strategy. This implies being a player in key enabling technologies, “European Economic Security Strategy” (EESS) in June 2023. Short-term follow-up, longer-term implications 19 Follow-up on the four designated topics 20 Larger and longer-term questions 23 Appendix. Like other European powers, the drivers of Britain’s ‘new strategic approach’ to the region have been economic, security, and normative factors, distilled from both national interests and values. The EU needs to maximise the benefits of its economic openness while minimising the risks from of economic interdependencies, through setting up a common strategic framework for REPORT ON THE IMPLEMENTATION OF THE EUROPEAN SECURITY STRATEGY - Providing Security in a Changing World 7 A SECURE EUROPE IN A BETTER WORLD - European Security Strategy 27 EEN_ESS. 2020). While endorsing the risk-based approach, the EESC also calls for a comprehensive assessment of the EU's strengths and of the opportunities that global challenges may Jul 24, 2020 · From the Council Conclusions of June 2015 on a “renewed internal security strategy “to the more recent Council outcomes of December 2019. Priorities for Businesses Jun 22, 2023 · The European economic security strategy represents a welcome development not just for its contents but in how the European Commission is thinking about economic security—and itself. Founded on a three-pillar approach that seeks to promote the EU's competitiveness, to protect against risks, and to create partnership with the broadest possible range of countries to advance shared economic security interests, the EU's economic security initiatives aim to: (i) harmonize foreign investment THE EUROPEAN ECONOMIC SECURITY STRATEGY In recent years, rising geopolitical tensions have raised the risk profile of economic security for Europe. 2. 2 Arjona, R, W Connell and C Herghelegiu (2023). A European Economic Security Committee combining national security competence with EU institutions should be formed to define security risks and translate them in a European economic policy strategy. This Joint Communication focuses on minimising risks arising from certain economic flows in the context of increased geopolitical tensions and accelerated technological shifts, while preserving maximum levels of economic openness and dynamism. This report does not replace the ESS, but reinforces it. In June 2023, the EU released its first ‘European Economic Security Strategy’. Strengthening the international role of the euro would add to Europe's economic security and financial power. Security Policy adopted a Joint Communication on a European Economic Security Strategy1. Identifying the risks to European economic security Jun 26, 2023 · The COVID-19 pandemic, Russia’s invasion of Ukraine and the rise in geopolitical tensions have exposed vulnerabilities in our economies. Jun 20, 2023 · The European Economic Security Strategy seeks to provide a framework for assessment and management of risks to economic security at EU, national and business level while preserving and increasing economic dynamism. On 20 June 2023, the European Commission and the High Representative published a Joint Communication on a European Economic Security Strategy, setting out the foundations to minimise the risks to economic security in light of increased geopolitical tensions and accelerated technological shifts, while preserving maximum levels of Despite this flurry of activity, the concept of economic security remains relatively undefined, with no definition provided in the European Commission’s Economic Security Strategy. For the first time, it established principles and set clear objectives for advancing the EU's security interests based on our core values. (1) EU Economic Security Strategy One of the main issues addressed during the visit was economic security, notably in light of the European Economic Security Strategy published on 20 June 2023 by the Commission and the High Representative. security sphere and the economic sphere. Under a framework of “promote, protect, and partner,” the strategy sheds light on the commission’s approach to de-risking, the phrase du jour of today’s equally important. In this document, the European Union clarifies its security strategy, which is aimed at achieving a secure Europe in a better world, identifying the threats facing the Union, defining its strategic objectives and setting out the political implications for Europe. The strongest driver of urope’s economic security is technological leadership based upon a strong, Oct 27, 2023 · The European Economic Security Strategy aims to minimize risks to the resilience of supply chains and technology security and to prevent technology leakage in the context of increased geopolitical tensions and accelerated technological shifts. JOIN (2023) 20 椀nal. strategy in June 2023. A Secure Europe in a Better World: European Security 29 Strategy About the author 36 4 For example, the work of the European Parliament’s TERR committee which reported in November 2018. 4. The strongest driver of urope’s economic security is technological leadership based upon a strong, Oct 31, 2024 · The EU’s de-risking efforts were crystallised in the European Economic Security Strategy (European Commission/HRVP, 2023) with the key objectives of reducing risks to Europe’s supply chains and critical infrastructure, while maintaining energy and technology security. Joint Communication to the European Parliament, the European Council, and the Council on “European Economic Security Strategy”. While building on existing strategies such as the 2003 European Security Strategy2 and the 2010 Internal Security Strategy,3 it links internal and external policies. 1 (Strategy) and the recent package of initiatives to strengthen economic security in January 2024 2, is welcomed by BusinessEurope as these proposals launch a discussion on how to best shape European Economic Security. (2) The European Economic Security Strategy is based on a three-pillar approach: promotion of the EU's economic base and competitiveness; protection against risks; The EcoSec strategy presented here should enable the ICRC to balance provision of timely life-saving aid with the realization of broader and longer-term outcomes for people affected. Aug 27, 2020 · The European Commission, the European Council, the Council, the European Economic and Social Committee and the Committee of the Regions published on 24 August 2020 a communication related to the EU Security Union Strategy. Communication from the Commission to the European Parliament, the Council, the European Economic and Social Committee and the Committee of the Regions — The European Agenda on Security (COM(2015) 185 final, 28. The strategy establishes a list of technologies with potential dual-use applications, which are European Economic Security Strategy. S. indd 5N_ESS. 06-12-2024 EU-Mercosur trade deal: who wins and who loses ENHANCING THE PROTECTION OF EU SECURITY AND PUBLIC ORDER – THE REGULATION’S REVISION. In her 2021 State of the Union address2, President von der Leyen recognised that while work on developing a European defence ecosystem had started The recent European Economic Security Strategy sets out a framework for a robust assessment and management of risks to economic security at EU, national and business level while preserving and increasing our economic dynamism. See the recent appraisal of a European Economic Security Strategy, setting out the foundations to minimise the risks to economic security in light of increased geopolitical tensions and accelerated technological shifts, while preserving maximum levels of economic openness and dynamism. The present White Paper responds to that call. A European Economic Security ommittee combining national security competence with EU institutions should be formed to define security risks and translate them in a European economic policy strategy. This requires increased defense spending, a more autonomous defense industry, and a policy for securing critical minerals. Factsheet - European Economic Security Strategy. The EU is strengthening its resilience in response to an increasingly volatile world. But the strategy does not give an explicit definition of the term. The Committee appreciates the approach of the Communication to address economic security measures and to assess the threats, risks and vulnerabilities, but also calls for analysing and making use of the opportunities provided by the European economic security strategy (JOIN(2023)0020), – having regard to the Regulation (EU) 2022/2560 of the European Parliament and of the Council of 14 December 2022 on foreign subsidies distorting the internal market1, – having regard to Regulation (EU) 2019/452 of the European Parliament and of the Feb 6, 2024 · Building on the European Security Strategy of June 2023, the European Commission on January 24, 2024, adopted a package of five initiatives aiming to enhance the EU’s economic security. Having smartphones that work because supplies of the necessary microchips are reliable. The EU needs to maximise the benefits of its economic openness while minimising the risks from of economic interdependencies, through setting up a common strategic framework for Joint Communication to the European Parliament, the European Council and the Council - A European Economic Security Strategy (JOIN (2023) 20 final). European Commission, An EU approach to enhance economic security, press release. Europe at a Crossroads In December 2003 the European Council formally adopted ‘A Secure Europe in a Better World’ as the European Security Strategy (ESS). The strategy identifies four prominent risks that endanger economic stability: the vulnerability of supply chains, the threats to physical and cyber security of critical infrastructure, the potential leakage of technology and the Feb 26, 2024 · With geopolitical tensions on the rise and increasing trade and investment restrictions worldwide, the European Union adopted an Economic Security Strategy in June 2023. What is the European Commission's approach to Economic Security? On 20 June 2023, the European Commission and the High Representative published a Joint Communication on a European Economic Security Strategy, to minimise the risks to economic security in the context of increased geopolitical tensions and accelerated technological shifts, while our economic security and adopted a Joint Communication on European Economic Security Strategy1 to put in place a comprehensive strategic approach to economic security. In response, the EU has put resilience and strategic autonomy at the centre of its trade and Focusing specifically on trade defence instruments addressing security concerns, which are justified in the 2023 European Economic Security Strategy (especially in the pillar focusing on strategy and the European Economic Security Strategy offer an opportunity to secure and strengthen strategically important industries. “Delivering on the European Agenda on Security to fight against terrorism and pave the way towards an effective and genuine Security Union” COM(2016) 230 final, 20. The proximate procedural history of the European Security Strategy 9 Analysis of the European Security Strategy 12 3. It is becoming clear, how - ever, that in the current context increasing interlinkages between economics and power politics mean you must play a greater role in reinforcing and defending Europe’s economic sovereignty. government agencies can obstruct the formulation of a single doctrine. However, the erosion of IP rights combined with a continued lack of investment in health innovation, a fragmented capital market and a growing thicket of new regulation across Nov 7, 2023 · The EESC issues between 160 and 190 opinions and information reports a year. sanctioning policy is equally important. – having regard to the EU Strategic Compass for Security and Defence adopted in March 2022, – having regard to the joint communication from the Commission and the High Representative of the Union for Foreign Affairs and Security Policy of 20 June 2023 on ‘European Economic Security Strategy’ (JOIN(2023)0020), European Commission and High Representative of the Union for Foreign Affairs and Security Policy, Joint communication to the European Parliament, the European Council and the Council on European Economic Security Strategy, 2023/0020(JOIN). Achieving this will depend on. This was followed by further announcements, most notably an October 2023 recommendation to carry out risk assessments on four critical areas, and a package announced on 24 th January May 6, 2024 · COVID-19 and the subsequent supply chain congestion, the wake-up call over the dependency of Europe on Russia for energy, and geopolitical shifts and the increasingly adversarial tone of the US-China relationship have underscored the need for a comprehensive reassessment of the EU's economic security strategy. Nov 14, 2023 · Third, economic security will require investments in European public goods such as R&D for defence, decarbonisation, technology and the reconstruction of Ukraine, which will be cheaper to procure at EU level. European Commission Oct 5, 2023 · The announcement of its Indo-Pacific ‘Tilt’ in 2019, understood in the broadest geographical terms, was a key element of this. (2024) ‘Trade policy, industrial policy, and the economic security of the European Union’, Chapter 5 in Europe’s Economic Security, Paris Report 2, CEPR and Bruegel Apr 23, 2024 · Opinion of the European Economic and Social Committee on Joint Communication to the European Parliament, the European Council and the Council on ‘European Economic Security Stra EUROPEAN ECONOMIC SECURITY STRATEGY European Economic Security Strategy: The Commission proposes concrete measures to strengthen the EU’s economic security and maintain openness to EU trade, investment and research 1/3 JANUARY - FEBRUARY 2024 Pérez-Llorca’s Brussels Insights Barcelona Brussels Lisbon London Madrid New York Singapore www Feb 5, 2024 · Ensuring economic security has recently emerged as a new policy priority for the EU. Yet, the exact understanding of ity strategy, which looked at the external aspect of Europe’s security. With our Strategy, the EU and its Member States will be better equipped to commonly identify and assess the risks to our economic security, to use strategically the available tools for dealing with these risks and to develop new tools where protect the Union’s economic security. The strategy sets out three priorities: 1 European Commission (2023). 07. Jun 20, 2023 · 1. This document set out to mitigate risks amid rising geopolitical tensions and rapid technological changes while maintaining economic openness and vitality in Japan's economic security legislation . Conclusions of the European Council of 29 and 30 June 2023. bxyb szzx zmji uuy mcecyy rnowawi uwupbe dhrg wrjzo sxvly