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The role of the Czech Republic and EU competitiveness, economic security, relations with the US and China, and the Global Gateway strategy | Background paper of the National Convention on European Union

Economic security and competitiveness are becoming key issues for the European Union in order to maintain its global position and internal stability. The EU faces a long-term lag behind the United States in innovation and technology, while pressure from China and other economic rivals is growing. A new wave of American protectionism, geopolitical upheavals caused by Russian aggression, and the experience of the COVID-19 pandemic have exposed the vulnerability of the European economy and its dependence on external supply chains. The European Commission has therefore presented a set of initiatives – from the Competitiveness Compass to the Clean Industry Agreement – aimed at strengthening resilience, reducing dependence on third countries, and streamlining the business environment. The Global Gateway initiative, which aims to diversify European trade and supply relations through strategic investments and partnerships, is also an important tool for strengthening the Union's global role. Given the strong industrial orientation and openness of the Czech economy, it is essential for Czechia to actively engage in these debates and formulate its priorities within the European economic security strategy.

The background paper for the round table of the National Convention on the EU was prepared by Filip Křenek, Tereza Novotná, and Zuzana Krulichová (EUROPEUM Institute for European Policy).

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