Macron at Davos: EU Must Strengthen to Compete with China

US Treasury Secretary Steven Mnuchin

U.S. President Donald Trump has invited French President Emmanuel Macron to pay a state visit to the White House later this year. Netanyahu responded to Macron's remark by stressing that Israel and France's strong relationship is also crucial for the security of Europe.

Macron said in November glyphosate would be banned in France within three years, rejecting a European Union decision to extend its use for five years after a heated debate over whether the Monsanto-developed weed-killer causes cancer.

CEOs or top executives from Coca-Cola, Google, JP Morgan and Alibaba are among those expected.

The EU should embark on a 10-year plan to become a major power that will act differently than the US and China, French President Emmanuel Macron said on Wednesday at the World Economic Forum.

Switching back to his native tongue, Macron also noted globalisation "is going through a major crisis" with some states engaging in a free-for-all for their own benefit. He urged special attention to the education of women, not just in France but globally, noting that women make up two-thirds of the over 750 million people who don't possess basic literacy skills.


"We've got not only to win the war against terrorism but we've got to create conditions for durable peace", Macron said, adding that a multilateral political and diplomatic approach would help in the Middle East.

"In terms of trade, we are moving back again towards greater protectionism, greater fragmentation and we are undoing what globalization has been able to achieve", Macron said. The first lady's office did not return CNN's request for comment. "All of these initiatives and reforms have a natural counterpart, which is European strategy".

He voiced concern over the ability of large tech firms to avoid effective taxation and regulation.

"In France, we correct inequalities with taxes and norms but without preventing them".

More: Davos 2018: Why do 3,000 of the world's most powerful people flock to a Swiss town?

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