EU-US Trade and Technology Council takes off
Posted on 04.11.2021
On 26 October 2021, Commission’s Executive Vice-Presidents Margrethe Vestager and Valdis Dombrovskis joined the meeting of the International Trade Committee (INTA) of the European Parliament for an exchange of views on the recently launched EU-US Trade and Technology Council (TTC).
The first TTC meeting took place on 29 September in Pittsburgh (US) and ten Working Groups were setup. Great attention is paid to digitalisation and new technologies. Vestager explained TTC priority areas include Artificial Intelligence (AI), semi-conductors and online platforms, and argued that international partnerships are key to achieve the digital transformation of Europe by 2030.
Dombrovskis claimed the TTC aims to boost EU-US cooperation in trade and investment related to new and emerging technologies, in both goods and services, and to address joint challenges: “the EU and the US are ready to lead the way in setting standards and rules in the 21st century”.
The next meeting of the political leadership of the council is set for next spring in the EU, exact date and place not decided yet. The Commission has recently launched a one stop shop to collect stakeholder input on a continual basis on the TTC.
For more information, please contact Dario Belluomini, Manager International Affairs.