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U.S.-EU Joint Statement of the Trade and Technology Council

May 16, 2022

On May 15-16, the U.S.-EU Trade and Technology Council (TTC) held its second ministerial meeting in Paris, France, where the U.S. co-chairs — Secretary of State Antony Blinken, Secretary of Commerce Gina Raimondo, and United States Trade Representative Katherine Tai — were joined by EU Co-Chairs European Commission Executive Vice Presidents Margrethe Vestager and Valdis Dombrovskis to agree upon a range of key issues and series of initiatives to deepen coordination on export controls, artificial intelligence, international standards, semiconductor supply chains, IT infrastructure, digital platforms, trade and labor, global food security, and cybersecurity for small and medium-sized businesses. The joint statement is available HERE.

U.S. Chamber Executive Vice President and Head of International Affairs Myron Brilliant participated in the U.S.-EU TTC Ministerial stakeholder meeting, which can be viewed online here, and issued the following statement.

The U.S. Chamber, in collaboration with BusinessEurope, previously issued an open letter to U.S. and EU officials outlining priorities ahead of the U.S.-EU TTC meeting. The letter outlines six specific areas where closer collaboration and concrete deliverables are essential.

Following the TTC Ministerial, the European Affairs Program led a member delegation to Brussels for a series of meetings with European officials and business leaders to discuss how the U.S. and EU can work together to address issues such as energy security, transatlantic trade, the digital economy, and nonmarket practices by third countries.

About TTC:
TTC is a unique forum for the EU and the US to shape the global economy’s future direction around their shared values, including the defence of human rights, democracy and the rule of law. The second ministerial meeting took place on 16 May in Paris-Saclay. With their joint declaration, both sides outlined an ambitious agenda for the ten working groups. AmCham EU is committed to supporting EU and US policymakers to ensure that the TTC is a success. Engagement of stakeholders – representing all strands of society – will be critical to building strong deliverables.
 

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