At this high level seminar, Vice President of the European Commission Jyrki Katainen delivered a keynote address on European prosperity and economic diplomacy. The seminar gathered senior representatives of the European institutions, Member States business leaders and foreign policy experts to explore the concept of ‘economic diplomacy’ and its interplay with European foreign policy goals. As 90% of future world growth is expected to happen outside the EU, our own objectives of boosting jobs and growth for our citizens at home depend greatly on how well we can tap into this. The seminar addressed the questions: How can we combine economic and political objectives and tools? What are the trade-offs in practice?