ECIPE Webinar: Measuring the Economic Impacts of the EU’s Approach to Strategic Autonomy

The Impacts of the EU’s Approach to Strategic Autonomy

The European Commission is seeking to bolster its ability to make its own choices and influence global policies, but the cost of such ambition – also referred as “Strategic Autonomy” – seems highly underestimated.

ECIPE commissioned Frontier Economics to undertake a study measuring the economic impacts of strategic autonomy. The study’s findings show that, if implemented, the EU’s strategic autonomy agenda could limit trade and production in Members states, reduce the European citizens’ living standards, and create inequalities/tensions between member states. Depending on the stringency of the measures involved, gross national income in the EU would fall by several billions euros annually, especially if trade partners retaliate.

This is because the Commission’s quest for independence often represents a relapse to old modes of policy making in the EU – that of Member States independently designing and enforcing rules without considering the economic and political costs of regulatory fragmentation and economic disintegration.

Join us for an expert discussion of the impacts of EU strategic autonomy legislation.

• What are the EU’s ambitions for strategic autonomy?
• What policies could be considered under the umbrella of strategic autonomy?
• Why worry about strategic autonomy?
• What are the impacts and how are they distributed among the Member States?
• How is the rest of the world affected?
• Should we persevere with the notion of strategic autonomy?