The EU’s strategic dependencies unveiled

Román Arjona, William Connell, Garcia Cristina Herghelegiu

The EU benefits greatly from its wide participation in international value chains. However, that integration is not exempt from strategic dependencies on products and inputs that are critical for Europe. This column examines the EU’s dependencies in traded goods using data from 5,400 products imported between 2017 and 2020. Foreign-dependent products span various sectors, including energy-intensive industries, health, renewables, and digital. China emerges as the primary source for these dependent products, followed by the US and Vietnam. Policymakers can use these insights to enhance supply chain resilience and mitigate vulnerabilities.

Πηγή: Voxeu

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