Maintain open trade
The EU benefits substantially from free and open access to international markets. European shipping representing almost 40% of the global fleet makes the EU an international leader in the global supply chains and enhances European security. Since shipping enables 76% of Europe’s external trade, maintaining supply chain security depends on open access to international markets and strong bilateral trade agreements. As the EU strives to improve its economic security, it is essential to ensure that this effort does not result in increased protectionism. A protectionist approach will disrupt trade patterns and risk weakening Europe’s leading role in supply chains at a time where traditional import and export markets are facing increased uncertainty.
To maintain open trade, the EU must balance supporting strategic sectors with ensuring open market access, avoiding protectionist measures that could disrupt trade and diminish Europe’s leadership in supply chains. As a global maritime security provider, the EU should continue protecting international shipping trade lanes. Prioritizing military coordination around areas like the Horn of Africa and the Gulf of Guinea is crucial for maintaining secure trade routes.
Additionally, the EU should pursue Free Trade Agreements (FTAs) with third countries, including provisions for maritime services and the removal of trade barriers. Promoting market access for specific shipping segments, such as offshore services, and enforcing these agreements to ensure they benefit EU shipping is essential. By focusing on these priorities, the EU can maintain its leadership in global supply chains, enhance security, and foster economic growth through open and secure international trade.
