The European Union is set to propose new measures aimed at enhancing its security in the face of mounting international tensions and military threats. The proposals, part of the EU's new security strategy, include the introduction of oversight on critical technologies that could be used for military purposes, as well as measures aimed at curbing outbound investments that could threaten the security of the bloc.
The European Commission, the EU’s executive body, is set to propose a list of dual-use technologies for risk assessment as part of its new security strategy. The list could be adopted by member states as early as September of this year. The Commission is also looking to coordinate export controls across the bloc. These measures are aimed at strengthening the security tools at the EU's disposal amidst growing concerns around the use of trade and critical supply lines by countries such as China and Russia to achieve their political and military goals.
The new proposals come in response to a number of potential risks the EU could face, including the targeting of its supply chain and critical infrastructures. The commission has listed a range of tools it has at its disposal to counter these risks and is considering the reinforcement of its arsenal with new investment controls to restrict the outflow of money and know-how in critical sectors that may benefit strategic rivals such as China.
The proposal will be discussed by EU leaders at a summit in Brussels next week. However, there remain concerns among some officials that the commission's timeline is too optimistic and sets unrealistic expectations. Member states including Germany and France are wary of any measures that would interfere with their national security competencies. They are also concerned that measures aimed at restricting investment flows could hinder the conclusion of new trade deals.
Despite these concerns, member states are in favor of a strategy that "provides proportionate, precise and targeted answers to security challenges while ensuring a balance between an open economy and the defense of the union’s interests," according to the latest draft summit conclusions.
To boost the EU’s competitiveness and supply chains, the commission will propose a new platform to support critical and emerging strategic technology. It warned that "more investments are urgently needed both to ensure EU’s leadership" in various technologies. It will also report options to support dual-use technology due to funding gaps.
In addition to these measures, the EU is seeking to coordinate export controls, which are currently implemented differently by member states, further enhancing its security strategy.