18
Oct
2023
Watch
Preparation of the European Council meeting of 26-27 October 2023 (debate)
Mr President, there are many immediate challenges ahead of us and they have already been mentioned here today, but that must not make us forget the strategic challenges, such as strengthening our competitiveness. We need to invest more in skills and innovation, making talent our main resource. Our competitiveness in the European Union cannot be based on low wages, the absence of social rights or the use of products made with forced labour. We should also be much more creative in using digital means, including artificial intelligence, in both the private and public sectors to reduce administrative burdens for businesses, which does not mean deregulating the economy or unprotecting workers’, consumers’ or the environment’s rights. On the contrary, it is even a way to make regulation more effective.