Refining the 'European Economic Security Strategy' for Digital Collaboration

The 'European Economic Security Strategy,' unveiled by the European Commission in June, aims to fortify the EU against supply chain vulnerabilities and economic coercion. While endorsing the strategy's objective of bolstering economic resilience, concerns arise over potential drawbacks. This excerpt highlights the need for a nuanced approach, emphasizing collaboration, an open market economy, targeted risk mitigation, and inclusive industry consultation to navigate challenges posed by restrictive export controls and inbound investment limitations. Striking a balance is crucial to prevent retaliation from trade partners and safeguard trusted global partnerships.