As you all know, the landscape has changed. As we enter the 21st century, the world of European defence is witnessing a seismic shift. After many years of talking about it, Europe is getting serious about the capabilities it needs as a security actor. New capabilities are being identified. New structures are being created.
New relationships are to be forged between Europe and North America.
And all of this has serious and important implications for the defence industry. As a result, I believe this conference is both appropriate and timely. I am pleased to have the opportunity to kick off today's discussions because we need frank and open communication on these important issues, both within Europe and across the Atlantic. The need for progress in European capabilities is very clear, and the Kosovo operation has shown us very clearly where we have work to do. First, we have to improve the military capabilities of most NATO members.