The European Union strategy on economic security Cover Image

Стратегија Европске уније о економској безбедности
The European Union strategy on economic security

Author(s): Duško Dimitrijević
Subject(s): EU-Legislation
Published by: Институт за међународну политику и привреду
Keywords: European Union; European Economic Security Strategy; priorities; goals; risks.

Summary/Abstract: In the modern international community, no country can achieve its economic security alone. The national interests of the European Union member states presuppose the minimization of economic risks arising from trade, business,and financial transactions with third countries that have not been aligned with their public policies. In the context of new global geopolitical tensions, the competent authorities of the European Union decided to adopt a comprehensive European Economic Security Strategy. In a joint announcement of June 20, 2023, the need for coordinated action to achieve European economic and security interests was emphasised. The realisation of these interests includes the promotion of one’s own competitiveness, protection from economic risks, and strengthening of partnerships with all countries that share the concern regarding the achievement of European Economic Security. The measures the European Union will undertake for this purpose should follow the principles of proportionality and precision to limit the unwanted effects not only on the European but also on the entire world economy.

  • Issue Year: 2023
  • Issue No: 83
  • Page Range: 91-109
  • Page Count: 19
  • Language: Serbian
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