19
May
2026
Watch
Opportunities and challenges presented by a comprehensive artificial intelligence strategy for EU trade (debate)
Mr President, Commissioner and colleagues, every day we see headlines referring to the AI race. And one thing is clear to me: European AI companies are not the frontrunners. US companies have developed 40 advanced AI systems. China comes in second with 15. In Europe we have only developed three. This is despite a combined EU GDP of EUR 18 trillion alongside brilliant universities and research institutions. We need to look at our strengths to realise our AI ambitions. The EU is a trading powerhouse standing as the top trading partner for 80 countries. To put this into perspective, the United States is the top trading partner for just over 20 countries. We have an immense footprint in global trade, but we are not using it strategically. This is why I welcome the Parliament report on an AI trade strategy. If we are to compete in the AI race, we need to start with the foundations. Currently, those foundations are at risk. Europe has the trading power, partners and the rules and now we need the will.