&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;©Eugene_Photo / AdobeStock

The global economy is changing rapidly, requiring decisive action to safeguard and strengthen Europe's competitiveness, prosperity, and fairness, including in relation to other global actors. The recently-proposed&nbsp;Automotive Industry Plan, announced on 5 March 2025, it is intended to support the European automotive sector as it deals with high manufacturing costs, the low-carbon transition, and increased competition from China.&nbsp;

European competitiveness

&nbsp;​​​At a critical time for Ukraine and European security, the EU is committed to becoming more responsible for its own defence and better equipped to act and deal autonomously with immediate and future challenges and threats, including Russia’s war and its repercussions on European security, which constitute an existential challenge for the EU. The common security and defence policy (CSDP) is an integral part of the EU’s common foreign and security policy (CFSP). The CSDP is the main policy framework through which Member States can develop a European strategic culture of security and defence, address conflicts and crises together, protect the Union and its citizens, and strengthen international peace and security. As a result of the tense geopolitical context, the CSDP has been one of the fastest developing policies over the last 10 years.

European security and defence

On 20&nbsp;March 2025, the European Council adopted conclusions on Ukraine, the Middle East, competitiveness, European defence and security, next multiannual financial framework and new own resources, migration, oceans, multilateralism and other items.

Following up on its conclusions of 6 March 2025, the European Council calls for an acceleration of work on all strands to decisively ramp up Europe’s defence readiness within the next five years.&nbsp;

The European Council also underlines the urgent need to strengthen Europe’s competitiveness.&nbsp;In that regard, the European Council welcomes&nbsp;the presentation of the Competitiveness Compass of 29 January 2025, the Clean Industrial Deal of 26 February 2025 and the Omnibus simplification agenda.

European Council, 20-21 March 2025

The President of the European Central Bank (ECB) takes part four times a year in a monetary dialogue with Parliament's Committee on Economic and Monetary Affairs (ECON) to report on monetary policy and answer question from MEPs.&nbsp;Although guaranteed independence under the Treaty, the ECB is accountable for its actions towards the European Parliament, and more precisely the ECON Committee. The European Central Bank is the central institution of the Economic and Monetary Union and has been responsible for conducting monetary policy for the euro area since 1 January 1999 The ECB and the national central banks of all EU Member States constitute the European System of Central Banks.

monetary dialogue with the ECB (T)

Committee on Economic and Monetary Affairs

LAGARDE, Christine (FR)

9th parliamentary term

Monetary dialogue

In July 2024&nbsp; MEPs re-elected Roberta Metsola (EPP, MT) as President of the European Parliament until 2027, with 562 votes in the first round. Roberta Metsola won the election in the first round of voting, where she received an absolute majority of 562 votes cast out of 699 by secret paper ballot, among two candidates. She will continue to lead Parliament for the first two and a half years of the 10th legislative term.

Born in Malta in 1979, Roberta Metsola has been an MEP since 2013.&nbsp;She was elected First Vice-President in November 2020, and was Parliament’s acting President after President Sassoli passed away on 11 January 2022. On 18 January 2022,&nbsp;she was elected President&nbsp;for the second half of the 9th legislative term. She is the third female President of the European Parliament, after&nbsp;Simone Veil&nbsp;(1979-1982) and Nicole Fontaine (1999-2002).

Addressing the House after she was elected, President Metsola said: “Together, we must stand up for the politics of hope, for the dream that is Europe. I want people to recapture a sense of belief and enthusiasm for our project. A belief to make our shared space safer, fairer, more just and more equal. A belief that together we are stronger and we are better. A belief that ours is a Europe for all.”

Roberta Metsola, President of the European Parliament 2024-2027

Have a look at stockshots (from 2021 onwards) with illustrative pre-edited broadcast quality video footage. These editable stockshots are clean (raw), with natural sound (no voice-over), produced to illustrate priority EU dossiers and parliamentary work. They are intended to help audiovisual media produce their own programs, for example, editing of news reports or documentaries.

Stockshots are clean (raw), with natural sound (no voice-over), pre-edited videos

Infoclips (T)

Infoclips - Illustrative footage

US President Donald Trump has stated that he would “absolutely” introduce tariffs targeting the EU, citing grievances over EU action against US tech firms and a trade deficit in goods. He also threatened to use tariffs to pressure Denmark into handing over Greenland.

President Trump &nbsp;announced a 25 percent tariff on goods from Canada and Mexico, which he later delayed by a month, as well as a 10 percent tariff on imports from China. Parliament is committed to multilateralism and has called for the urgent reform of the World Trade Organisation (WTO). Leading MEPs&nbsp; said it is “imperative for the US and the EU to work closely together to defend multilateralism and the rules-based international order”. Meanwhile, the EU has strengthened the tools at its disposal to protect EU trade, which now include the Anti-Coercion Instrument designed to enable the EU to respond, as a last resort, to economic blackmail from a foreign country.

According to the Commission, the EU has a €154 billion trade surplus in goods with the US, while the US maintains a €104 billion surplus in services with the EU, resulting in an overall EU trade surplus of three percent from a total €1.5 trillion trade flow. In 2023, the US was the largest partner for EU exports of goods and the second largest partner for EU imports of goods.

EU - USA

MEPs elected Roberta Metsola (EPP, MT) on January 2022 as President of the European Parliament until 2024.

Roberta Metsola won the election in the first voting round, where she received an absolute majority of 458 votes out of 690 cast in the remote secret vote, among three candidates.&nbsp;

President Metsola is leading the Parliament in the second half of the current legislative term, until a new Parliament is constituted following the 2024 European Elections.

Born in Malta in 1979,&nbsp; Roberta Metsola who has been an MEP since 2013, is the youngest EP President ever elected. She became First Vice-President in November 2020, and was Parliament’s acting President after President Sassoli passed away on 11 January 2022.

She is the third female President of the European Parliament, after Simone Veil (1979-1982) and Nicole Fontaine (1999- 2002).

Roberta Metsola, President of the European Parliament 2022-2024

The European Parliament has a range of supervisory and control powers. These allow it to exercise oversight over other institutions, to monitor the proper use of the EU budget and to ensure the correct implementation of EU law.

Interinstitutional relations

<center>Image: © Dragoș Asaftei | Adobe Stock</center>

 
The EU and NATO have founded their long-standing partnership, in an environment shaped by common principles and values. The European Parliament and NATO engage frequently in active dialogue in order to deepen mutual understanding and consolidate cooperation. In an increasingly volatile and unstable geopolitical context, the dynamic of cooperation has intensified to face new threats ranging from terrorism to climate change to hybrid warfare.&nbsp;

EU - NATO relations

Until the UK withdraws from the EU, all rights and obligations deriving from EU membership continue to apply in the UK.

 
The United Kingdom (UK) consists of England, Wales, Scotland and Northern Ireland. The UK is not a member of the Schengen Area. There are 73 members of the European Parliament from the UK.

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