19
May
2026
Watch
Opportunities and challenges presented by a comprehensive artificial intelligence strategy for EU trade (debate)
Mr President, Commissioner, colleagues. As we all know by now, the EU was faster to regulate AI than it was to invest in it, develop it, and widely adopt it across our economy. It was refreshing to see this report on AI strategy for EU trade acknowledge that 'premature or excessive regulatory intervention risks undermining innovation, investment and competitiveness'. Now we are too dependent on a small number of players outside of the EU, and we cannot afford to make access to these goods and services even harder if we want to eventually grow and scale our own. While Europe hasn't led on AI development, it can still move fast to accelerate adoption, overcome our AI gap, and gear up for where we still might have an edge, namely in biotech and quantum. Unifying markets, streamlining private investment across the single market will do far more for Europe than artificial barriers to tech trade can ever do.