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European Council adopts principles for space economy

Paris, 15 November 2020. – The European Council adopted key principles for the space economy, the Council announced.

The “Orientations on the European contribution in establishing key principles for the global space economy” set the scene for the tenth Space Council meeting on 20 November 2020.

The Council “notes with satisfaction the emergence of a highly competitive European space industry and supply chains, which enables Europe to participate in (and contribute to) the global growth of the space economy,” the paper says. The Council calls upon all actors “to work towards ensuring a global level-playing field and open economies, including free and fair trade, on the basis of multilateral solutions and reciprocity in the space sector.”

To foster European space autonomy, security and resilience, the Council “stresses the need for European technological non-dependence and recalls the importance of maintaining a secure, autonomous, reliable, cost-effective and affordable access to space. Particular attention is devoted to space traffic management, where the need for a coordinated European approach is highlighted, as well as to space cybersecurity”, the Council said.

The Space Council is a chapter of the EU and ESA Council at ministerial level and enables the EU and ESA to coordinate space policy matters.

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