EU Commission sharpens its economic doctrine to counter foreign threats
The European Commission on Wednesday unveiled a new economic security strategy meant to better anticipate risks facing the EU market amid escalating threats to global trade, with China top of the list.
READ MORE : http://www.euronews.com/2025/12/03/eu-commission-sharpens-its-doctrine-to-counter-foreign-threats
Subscribe to our channel. Euronews is available on Dailymotion in 12 languages
00:00The EU is proposing a new strategy to protect the European economy from coercive trade measures in third countries.
00:07The European Security Doctrine is the European Commission's policy to lower dependencies on countries such as China and the US,
00:14where recent actions have raised concerns about hostile or coercive measures which could seriously harm European industry.
00:21The doctrine recommends, among other things, that member states and businesses diversify supply chains
00:26in areas such as critical raw materials, rare earths, semiconductors and technology chips.
00:32A recent confrontation between the Chinese and Dutch governments threatened the global automotive industry.
00:37EU Trade Commissioner Mara Szefkovic said this incident was an example of why dependencies are a vulnerability for Europe.
00:44I think that it just put into the new limelight the importance of the economic security for the European Union
00:52and it just showed that dependencies could be very dangerous, could be very expensive.
00:58From the longer term perspective, I think what is very important is that we would also diversify
01:05and increase the number of suppliers of, in this case, legacy chips.
01:09But I can speak about critical raw minerals.
01:12I can speak about sensitive technologies because simply when you are reliable, just not one supplier,
01:17usually it presents, it also presents a lot of risks.
01:23At the same time, you can do all these trade deals with other countries that stay away from China.
01:27You can have an economic security doctrine, but really businesses will decide who they want to do their trade with.
01:34And often they'll choose price over standards or over security.
01:38And that often means China.
01:40Yes, you're absolutely right.
01:41And I think that we are also, with this communication, trying to bring the new light to the economic security aspect of the business.
01:49I think that you see it everywhere in the world.
01:53You see it in the US.
01:54You see it in Japan.
01:56I think that this economic security risk premium must be more and more factored in the business plans of European companies.
02:06Simply we need to learn how to be alerted about the possible shortcomings.
02:11We have to learn how to stockpile critical raw materials or sensitive products.
02:16And we have to be also maybe ready to pay more for the investments, but also for the procuring of the critical minerals or critical components from various sources.
02:31Because this is how you can guarantee your business continuity.
Be the first to comment