Peace is not ‘no war’ and derisking has risks: Josep Borrell

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Third, who is the biggest aid donor to developing countries? Who has been the biggest exporter and donor of vaccines? Europe. 

Decoupling means we are not going to engage economically with China. Every day, our trade with China is around US$2.7 billion. Every day! So, decoupling? Forget about it. ....Derisking is different, it’s about avoiding risk. We have to avoid excessive dependencies. When Covid-19 came, we discovered that in Europe, we don’t produce a single gram of paracetamol. All paracetamol was produced in India or China. And in the pandemic, this became a problem. So we have to reduce such excessive dependencies.

I am very much engaged with our Asean partners on the effects of our deforestation policies. When we say stop deforestation, we have to take into account how that affects other people and countries. Palm oil is one example, which has been at the centre of a lot of controversy.

For qns on competition vs cooperation....consider the dangers and downsides of cooperation as mentioned above in decoupling/derisking.....