Future shocks 2023: De-risking Europe's global critical supply chains

The EU is an open economy, reliant on global supply chains to a higher extent than the US and China. At the same time, these complex chains are subject to increasing disruptions and uncertainties with many areas of fragility. De-risking Europe's global critical supply chains (particularly in the context of relations with China), points towards a more nuanced way of ensuring Europe's ambitions for increased resilience and strategic autonomy. It can be achieved by increasing domestic production, greater autonomy in the critical raw materials, use of trade tools and cooperation on a global stage.

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