High-level officials from the European Union and the United States gathered on September 16, 2024 (source), to assess the progress made under the EU-US Trade and Technology Council (TTC) since their last ministerial meeting in April 2024 in Leuven, Belgium. The meeting was co-chaired by key figures from both sides, including Sabine Weyand, the EU’s Director General for Trade, and Roberto Viola, Director General for Communications Networks, Content and Technology. Representing the U.S. were Jose Fernandez, Under Secretary of State for Economic Growth, Energy, and the Environment, Marisa Lago, Under Secretary of Commerce for International Trade, and Senior Advisor to the U.S. Trade Representative, Cara Morrow.
Focus on AI and Digital Infrastructure
During the discussions, officials emphasized the importance of ongoing collaboration in artificial intelligence. They reviewed advancements in secure digital infrastructure and next-generation networks, stressing the need for continued joint efforts in these areas. Emerging technology standards, particularly digital identity, were also a key topic, with both sides recognizing the significance of setting global standards that foster security and trust in digital ecosystems.
Secure Supply Chains and Sustainable Trade
Another major focus was the cooperation on secure supply chains, specifically for critical sectors like solar and semiconductors. Both the EU and the U.S. reiterated their commitment to promoting sustainable and secure trade and investment across the Atlantic. This involves developing new cooperation strategies under the Transatlantic Initiative on Sustainable Trade (TIST) and incorporating insights from the transatlantic stakeholder community and the Trade and Labour Dialogue. The meeting also included discussions on exchanging best practices for investment screening, a crucial aspect of maintaining economic security.
Strengthening Transatlantic Ties
The officials concluded the meeting by underscoring the importance of sustained transatlantic cooperation in trade and technology. They agreed on the need to gather feedback from stakeholders to reflect on lessons learned and to shape the future direction of EU-US trade and technology collaboration. Both sides emphasized that continued dialogue and cooperation are essential for addressing the complex challenges in the evolving digital and trade landscapes.
The next steps involve maintaining this momentum and ensuring that the partnership adapts to emerging global trends, reinforcing the strong ties between the EU and the U.S. in the realms of trade, technology, and digital infrastructure.
