Charles Michel urges Europe to keep strengthen its economy amid global trade war threat

Former President of the European Council Charles Michel has said that Europe must continue to strengthen its economy in light of ongoing global events, particularly the threat of a trade war.

He made the remarks at the 12th Global Baku Forum, Caliber.Az reports via local media.

Michel noted that political events in the White House could lead to a trade war.

"Europeans must be more confident than ever and act accordingly. It is necessary to invest more in the development of institutions, and the economy must be further strengthened. We must work hand in hand with the World Trade Organization," Michel said.

He emphasized that European countries should establish strong ties beyond the union, developing relations with Africa, Latin America, and Asia. "This will strengthen not only the economy but also security. The role of regional organizations in the future will only grow, and we must strengthen our ties with them," added the former President of the European Council.

Notably, the XII Global Baku Forum, themed "Rethinking World Order: Turning Challenges into Opportunities," is currently underway at the Gulustan Palace in Baku. The forum, held under the patronage of Azerbaijani President Ilham Aliyev is set to be a landmark event in fostering global dialogue.

President Ilham Aliyev participated in the opening ceremony of the forum, which is expected to bring together more than 400 distinguished participants. Among the attendees are current and former heads of state and government, Nobel Peace Prize laureates, and prominent representatives from international organizations and civil society. The event aims to provide a significant platform for open discussion, innovation, and collaboration across nations.

The main goal of the forum is to create a space for reflection and dialogue, where participants can share insights on past experiences, confront current challenges, and explore future solutions. Over the past 11 years, the forum has become a major international gathering, having hosted over 100 heads of state and government, along with 4,000 senior leaders and renowned figures. Through these interactions, the forum has played a crucial role in addressing some of the world’s most urgent issues.

By Khagan Isayev