European Union leaders agreed to pursue “Buy European” policies protecting strategic industrial sectors during their competitiveness-focused summit in Belgium. The gathering addressed Europe’s declining position relative to major economic powers in an increasingly volatile global environment.
Costa confirmed widespread understanding about protecting defense, space, clean tech, quantum, artificial intelligence, and payment systems through targeted European preference. The proportional approach balances strategic protection with maintaining the EU’s international trade commitments and economic relationships.
Commission President von der Leyen acknowledged the delicate balance required in implementing European preference policies. She stressed that every proposal must be underpinned by robust economic analysis and compliance with international obligations, avoiding protectionism that could harm European interests.
The summit incorporated perspectives from Draghi and Letta, whose comprehensive reports set the agenda for discussions. Draghi’s warning that the current economic world order is “dead” and Europe risks subordination, division, and deindustrialization resonated with leaders seeking transformative solutions.
French President Macron and German leader Merz demonstrated unity despite policy differences, arriving together at the medieval venue. While Macron advocated for European preference in specific strategic sectors, Merz preferred broader “Made with Europe” approaches including trading partners and emphasized deregulation.
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