The European Union is reshaping "His economic doctrine"
BRUSSELS, 3 December / WAM / The European Commission announced the “Economic Security Package”, which represents a reformulation of existing tools and plans related to trade and vital raw materials.
Through the so-called “Economic Security Doctrine” and the new Action Plan for the Rehabilitation of the European Union, the Commission has reformulated many previous strategies.
The Commission has set three main objectives: shifting to a more proactive and predictive mindset, determining how the European Union can use the tools it has in the most effective ways, and strengthening cooperation with partners, in line with the Commission’s Economic Security Strategy for 2023.
The “Economic Security Package” includes a set of measures that must be taken to address major risks, whether by supporting high-risk industrial sectors, protecting sensitive data, or preventing exposure to disruptions in the European Union’s critical infrastructure and cybersecurity. Emphasis has also been placed on recycling as part of solutions that will help Europe reduce its dependence on imported bio-raw materials, a trend previously promoted in the EU Bio-Raw Materials Act.
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