It's about international trade! According to Bloomberg, the European Union plans to propose a new regulatory plan this week, targeting key technologies that can be used for military purposes. In addition, the EU will propose by the end of the year to regulate inbound investments that may pose a threat to EU security and prevent the outflow of critical capital and technology.
According to a draft document, as part of the latest security strategy, the European Commission will propose a list to conduct a risk assessment of dual-use technologies, which can be implemented among member states as soon as September. This draft is scheduled for publication on June 20th.
Reuters reported that in the document entitled "European Economic security Strategy", the Commission elaborated its views on how the EU can make its economy more resilient and identify emerging risks. The document states that these risks may come from international trade exports and investments, which may allow "a small portion of key technologies with military significance" to be leaked to foreign competitors, such as quantum computing, artificial intelligence, 6G, biotechnology, and robotics.
It's about international trade! The document points out: "Overdependence on any country will reduce the EU's strategic options, thus exposing the economy and citizens to danger. The EU now needs a comprehensive strategic plan to ensure Economic security, reduce risks and promote technological advantages in strategic sectors."
The committee's document states that it will focus on risks in the supply chain (including energy) and critical infrastructure (such as telecommunications networks), as well as preventing economic coercion and the leakage of cutting-edge technologies.
The EU will also work with member states to review potential security risks associated with foreign investment, propose new response measures for goods that may enhance military and intelligence capabilities by the end of the year, and establish a dedicated member state expert group to assist in completing these tasks.
It's about international trade! The document does not name China, but emphasizes cooperation with countries with common concerns with the European Union and uses the term 'de risk'. (Transferred from: Huaqiang Microelectronics)