MNI China Daily Summary: Monday, July 29

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Leaders Meet To Discuss 5-Yr Strategic Plan

EUROPEAN COUNCIL

Following the meeting of the European Political Community in Granada, Spain on 5 Oct, European Union leaders hold discussions there today on the Union's five-year agenda. The Spanish presidency of the Council of the European Union has sought to present the idea of “open strategic autonomy” as a major theme. This 'strategic autonomy' has been raised in the past by France with regard to Europe's defence in the face of a US potentially less inclined to financially prop up NATO, but by Spain is referring largely to ensuring broad trade and investment links while reducing EU vulnerabilities.

  • Politico reports some sections of the draft communique from EU leaders: "...we will strengthen our position as an industrial, technological and commercial powerhouse, putting a special focus on areas of high added value where we already have a competitive edge or can become a frontrunner.”, then adding "What this really means: Spain’s big push for open strategic autonomy is about providing a liberal-friendly alternative to (French) protectionist tendencies."
  • A post-meeting presser set to take place at around 1445CET (0845ET, 1345BST). Livestream will be available here.
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