Nicosia: The aim of the Cyprus Presidency of the Council of the EU is to contribute constructively to strengthening Europe's competitiveness, reinforcing its strategic autonomy, and promoting sustainable and inclusive growth, while remaining open to the world and firmly grounded in European values, said Michael Damianos, Minister for Energy, Commerce and Industry of Cyprus, in his opening remarks during the first roundtable session of the Informal meeting of EU Competitiveness Ministers on internal market and industry, taking place on Tuesday in Nicosia.
According to Cyprus News Agency, Damianos stated that discussions will focus on the European defence industry and the progress of the Competitiveness Compass, emphasizing that smaller member states, including those with smaller industrial bases and enterprises, can both benefit from and contribute to the development of this industry.
Damianos noted that the Cyprus Presidency begins at a defining moment for the European Union, which is facing a complex geopolitical environment, persistent energy challenges, rapid technological developments, and intensifying global competition. He emphasized the need for a resilient and competitive EU that can act strategically and decisively, building on the work of previous Presidencies.
The motto of the Cyprus Presidency, "an autonomous Union open to the world," reflects their approach to European autonomy, structured around key pillars, including autonomy through competitiveness. This pillar underscores the importance of strengthening competitiveness to safeguard Europe's economic strength, social cohesion, and global influence.
Damianos added that this pillar highlights the Cyprus Presidency's commitment to enhancing competitiveness by deepening the internal market and reinforcing European industry to support sustainable growth, innovation, and strategic autonomy, including the green and digital transitions.
Throughout the day's discussions, key issues central to the future of European competitiveness will be addressed. Damianos expressed confidence that these exchanges will be meaningful and forward-looking, contributing to effective policy outcomes.
Regarding the format of the discussions, Damianos mentioned three timely items on the agenda, starting with the European defence industry. This sector, he noted, has significant growth potential and strategic importance, and smaller member states can benefit from its development.
The discussions will then turn to the Competitiveness Compass, focusing on the impact of action plans implemented over the past year. Member states are invited to reflect on their experiences, identify challenges, and propose ways to enhance the effectiveness of the Competitiveness Compass and related initiatives.
During the working lunch, Ministers will hear from the Commission on the New European Consumer Agenda 2025-2030, adopted by the European Commission on 19 November 2025. This agenda will guide EU consumer policy until 2030, and an exchange of views on its priorities and implementation is anticipated.
Damianos reiterated, during his brief statement at the meeting venue, that the Cyprus Presidency begins at a pivotal moment for Europe, with the EU facing a complex geopolitical environment and intensifying global competition. He emphasized the need to strengthen competitiveness within the EU, with discussions focusing on the European defence industry, the Competitiveness Compass, and the Consumer Agenda 2030.