On 22 May 2026, a meeting of the European Union (EU) Foreign Affairs Council on Common Commercial Policy took place in Brussels, Belgium. The Council discussed global trade challenges, with a particular focus on strengthening economic security, the impact of the situation in the Middle East on international trade, and the future of the multilateral trade system.The discussion on the situation in the Middle East focused on possible next steps to strengthen EU economic security and mitigate the…
On 22 May 2026, a meeting of the European Union (EU) Foreign Affairs Council on Common Commercial Policy took place in Brussels, Belgium. The Council discussed global trade challenges, with a particular focus on strengthening economic security, the impact of the situation in the Middle East on international trade, and the future of the multilateral trade system.The discussion on the situation in the Middle East focused on possible next steps to strengthen EU economic security and mitigate the consequences of the crisis in the Strait of Hormuz.The Parliamentary Secretary of the Ministry of Foreign Affairs, Artjoms Uršuļskis, emphasised:“In today’s geopolitical context, economic security is not at odds with open trade – on the contrary, they…
