Ladies and gentlemen, thank you to Eurofi for inviting me to this conference in Warsaw.

It is an honor to be here to share my vision on how and why the European Commission is committed to preserving and enhancing Europes competitiveness at this crucial moment.

The world is rapidly changing, with dramatic shifts in the geopolitical landscape.

Globalization and the foundations of global trade face significant challenges.

The EU aims for constructive negotiations with the US for mutually beneficial trade.

We have already offered zero tariffs for industrial goods as a good deal for both parties.

The recent pause in reciprocal tariffs by the US is a step towards stabilizing the global economy.

The EU will continue investing in its own strength, particularly by strengthening the Single Market and diversifying trade partners.

We will reignite economic dynamism by investing in a broader competitiveness agenda.

Our priorities include innovation, reducing energy costs, access to finance, and improving skills.

The Competitiveness Compass provides a strategic roadmap for restoring Europes dynamism and growth.

Simplification of rules is crucial to promote innovation and investment.

The digital euro will play a key role in modernizing the payment system and strengthening the EUs strategic autonomy.

In conclusion, now is the time for action. Europe will face the challenges and build a stronger and competitive future.

Thank you.