Explainers

To strengthen the EU's long-term competitiveness, simpler rules are key. The EU is on track to simplify legislation in several areas, while also protecting its economic, social and environmental goals.

The EU's AI act is the world's first law on artificial intelligence. It aims to ensure AI systems are safe, ethical and trustworthy.

SMEs are the backbone of Europe's industry and economy. The EU is actively working to reinforce their resilience and competitiveness.

At the March 2026 European Council, EU leaders agreed on an agenda of concrete measures with ambitious deadlines to strengthen the EU's competitiveness, resilience and strategic autonomy. 

The EU chips act recognises the essential role microchips play in everything from consumer electronics to critical infrastructure and their important contribution to the EU's competitiveness.

The European defence industry programme (EDIP) is one of the many initiatives the EU has taken to boost its defence readiness and enhance Europe's defence industry in light of an evolving security landscape.

Find out more about the gas storage capacity of EU member states and the filling levels of underground gas reserves in the EU.

The competitiveness compass provides a plan to allow Europe to regain its economic growth and prosperity.

The EU's industrial policy aims to strengthen the competitiveness of EU industry and to promote a more sustainable, resilient and digitalised economy that creates jobs.

The European Union is the world's largest trade bloc in terms of goods and services combined, accounting in 2025 for an estimated 15.9% of world trade.