Ladies and gentlemen, dear colleagues,

Europe faces significant challenges.

When Ursula von der Leyen asked the European Commission to confirm her as President, she emphasized the importance of the next five years for Europes future.

Security must be our top priority.

The recently adopted Defence package is a key step and a sign of unity within the EU.

Today, we have complemented this package with a preparedness strategy, based on the Niinistö report.

Europe cannot tackle todays challenges without a strong European economy.

The bioeconomy offers new perspectives and opportunities, especially for citizens in rural areas.

As a Swede, no one had to convince me of the bioeconomy.

I have learned a lot about the broad possibilities of the bioeconomy.

From bio-based car interiors to bio-pesticides and enzymes that can replace traditional products.

I visited farmers who are enthusiastic about biogas.

The bioeconomy offers opportunities for innovation, employment, and new revenue streams for farmers.

I see Europe taking a leading role in scaling up these opportunities.

This is why I will prepare a new bioeconomy strategy by the end of the year.

We want to boost the bioeconomy as part of the competitiveness and resilience agenda.

Its about creating jobs and developing a strong industrial base in Europe, rooted in responsibility and sustainability.

Its also about decarbonization, security, and resilience.

We want to support young innovators and creative startups.

Bio-based industries should produce sustainable products and services that are appealing and accessible to European citizens.

The role of member states and regions is as important as that of the EU.

I want to praise Finland for its strong role in the bioeconomy.