public
European Commission
Brussels
Description
Read-out of the weekly College of Commissioners meeting (with international sign interpretation) by Valdis Dombrovskis, Executive Vice-President of the European Commission, on an instrument to respond to economic coercion by third countries. The European Commission has proposed a new tool to counter the use of economic coercion by third countries. This legal instrument is in response to the EU and its Member States becoming the target of deliberate economic pressure in recent years. It strengthens the EU's toolbox and will allow the EU to better defend itself on the global stage.