EU leaders have recently gathered in Bilzen, just over an hour's drive from Brussels, to address the competitiveness challenges the Union faces. With long-acknowledged issues, the EU's performance falls behind that of the United States and China. This seminar aims to invigorate leaders to take actionable steps towards improving the EU's internal market.

The EU has successfully negotiated significant trade agreements with four South American countries and India; however, the focus now shifts inward. The internal market, which is the cornerstone of the EU, enabling the free movement of people, goods, and services, has seen stalled development. The European Central Bank highlights that trade barriers within the internal market impose costs equivalent to up to 65% of customs duties, signifying the urgent need for reforms.

Moreover, EU Commission reports indicate a decline in trade among member states, highlighting a pressing necessity for improved internal trade dynamics. Finnish Prime Minister Petteri Orpo has stated that the European Commission is preparing a detailed plan to enhance the internal market ahead of the March summit, showcasing the commitment to reinvigorate intra-EU commerce and competitiveness.