Although its founding document spends little time explicitly . Two decades ago, countries saw global trade in technology goods and services as an on-ramp to the economy of the 21st century. Following the Inaugural U.S.-EU Trade and Technology Council Meeting, CSIS invites you to a discussion on what transpired at the event and what to expect going forward. The EU-US Trade and Technology Council (TTC) was launched at the EU-US Summit in Brussels during President Biden's trip to Europe last June. Rethinking the U.S.-EU Trade and Technology Council After Ukraine. The European Commission recently proposed an EU-US Trade and Technology Council (TTC). Yet despite such positive early signals, the transatlantic digital agenda is far from straightforward. As part of the initiative to strengthen trade, investment, and technological cooperation, the U.S. and the EU established a high-level Trade and Technology Council that will meet twice annually to promote competitiveness, spread marketoriented values, uphold and reform the rules-based multilateral trading system, strengthen technological and . To advance high-level dialogue on digital issues, the EU has pitched establishing a new Transatlantic Trade and Technology Council to promote joint innovation and standard setting on emerging technologies. Moderated By: Megan Funkhouser, Director of Policy, Tax and Trade at the Information Technology Industry Council (ITI) The U.S. announcement of the September 29, 2021, ministerial-level meeting can be found on the White House website. The EU-U.S. Trade and Technology Council (TTC) is an enormous opportunity for the European Union and United States to work together at the highest levels to strengthen their industrial leadership and stir the transatlantic and global technological landscape in a positive and constructive direction. The purpose of the Trade and Technology Council (TTC) is to enhance trade and investment, strengthen technological and industrial leadership, boost innovation, protect and promote critical and emerging technologies and infrastructure, and encourage compatible standards and regulations based on our shared democratic values. Especially on the heels of Afghanistan and the AUKUS deal, the . The European Commission has put forward a proposal for a new, forward . Notably, the EU and the US committed to cooperating closely on shared priorities such as export controls, foreign investment screening, critical and emerging technology standards including Artificial Intelligence, and secure . The EU and US agreed on areas for common action and the Council's attention must now turn to yielding swift results in order to strengthen the world's largest trade and investment relationship. It was accompanied with great fanfare given all the many tensions and disputes between Brussels and Washington during the four years of the Trump administration. Brussels, 29 September 2021 - Today, the EU and the US formalised their cooperation on emerging trade and technology issues, following an inaugural Trade and Technology Council summit in Pittsburgh. EU, U.S. Trade And Tech Council To Meet In May. The Trade and Technology Council was announced in June during President Joe Biden's visit to Brussels and comes amid a broader push by his administration to reset the trade relationship with . The U.S. and EU have a shared interest in establishing a forum for strategic engagement on trade and technology, as together we are responsible . Tag - EU-US Trade and Technology Council. U.S.-EU Trade and Technology Council (TTC) Bureau of European and Eurasian Affairs Presidents Biden, von der Leyen, and Michel established the U.S.-EU Trade and Technology Council (TTC) at the June 2021 U.S.-EU Summit. While announcing the meeting, European Commission Executive Vice President Margrethe Vestager said the next summit will be "crucial for global leadership across a range of key issues." The leaders discussed a broad range of bilateral, and multilateral issues ranging from WTO reforms, the upcoming MC12 agenda, as well as the "challenges posed by non-market countries and economies including . According to ANI, in Tallinn, Dombrovskis told a conference, "Together with (US Commerce) Secretary (Gina) Raimondo and other . Welcome to the Working Group 1 - Technology Standards Community!. Following the launch of the Trade and Technology Council (TTC) at the EU-U.S. WASHINGTON - Today, the global tech trade association ITI outlined a list of priorities to inform the U.S.-EU Trade and Technology Council (TTC) discussions in Working Group 10: Global Trade Challenges. Such an initiative is sorely needed both bilaterally and globally. The EU-U.S. Trade and Technology Council will hold its second meeting May 15 to 16 in France, Reuters reports. Google urged the Biden administration to join a technology and trade council with the European Union as enforcers abroad pursue more robust regulation of the industry.. Karan Bhatia, Google's vice . Plenty of issues confront the democracies and market economies of the West, including authoritarian regimes' potential misuse of economic policy tools, as well as technological innovation, to suppress human rights and distort competition and investment. During the US-EU Summit, which took place in Brussels on 15 June 2021, European Commission President Ursula Von der Leyen and U.S. President Joe Biden launched the EU-US Trade and Technology Council ("the TTC") to show a joint commitment to strengthening industrial […] The hard work lies ahead in traversing the obstacle course and getting to the finish line. Choose your plan. The TTC will serve as a forum for the United States and European Union to coordinate approaches to key global trade, economic, and technology issues and to deepen transatlantic trade and economic relations based on shared democratic values. Corinna Schulze, Director of EU Government Relations, Global Corporate Affairs at SAP. Trade,Tech & Environment. EU and U.S. leaders join forces to tackle global trade and technology challenges. The establishment of the Trade and Technology Council, which aims to establish a united front on trade practices and sophisticated technologies, is a significant test of whether President Biden . Jennifer Danner Riccardi, Senior Trade Advisor to the Delegation of the European Union to the United States. U.S.-EU Trade and Technology Council Events The TTC will meet at both political and technical levels. Pittsburgh Statement The U.S.-EU Trade and Technology Council (TTC) met for the first time in Pittsburgh on 29 September 2021. Explore Trade and Technology Council profile at Times of India for photos, videos and latest news of . committed to renewing the Transatlantic partnership in a joint statement. The U.S.-EU Trade and Technology Council (TTC) was created to coordinate approaches to key global trade, economic, and technology issues and to deepen transatlantic trade and economic relations, basing policies in shared democratic values. December 3, 2020. The newly announced Trade and Technology Council is a clear bid to counter increasing Chinese government influence in technology. The five TTC co-chairs held the inaugural ministerial-level meeting in Pittsburgh, Pennsylvania, on September 29, 2021. To realize that potential, however, it will require the United States and Europe to approach future meetings in good faith, including on issues where we disagree. The EU and US agreed on areas for common action and the Council's attention must now turn to yielding swift results in order to strengthen the world's largest trade and investment relationship. The solar industry develops cutting-edge technology and is part of a fast-growing global marketplace. A new EU proposal suggests a bright future for relations with the United States once Joe Biden takes his place in the White House. U.S.-EU Trade and Technology Council Inaugural Joint Statement September 29, 2021 Pittsburgh, Pennsylvania Section 1. Officials need to show progress in bringing the post-summit joint statement (and its ten working groups (WG)) to life before TTC principals . Following the Inaugural U.S.-EU Trade and Technology Council Meeting, CSIS invites you to a discussion on what transpired at the event and what to expect going forward. We are not proposing or opposing new controls on specific items, end . September 29, 2021 . The Trade and Technology Council (TTC) was the culmination of the EU-US Summit in June 2021, which underscored the determination of the EU and the US to shape the global economy's future direction around the values of democracy, rule of law, open trade and fair competition. The new EU-US venue is being dubbed the Trade and Technology Council (TTC). Fortunately, President Biden and President von der Leyen have recently agreed to launch a EU-U.S. Trade and Technology Council ("TTC"). About the NFTC Serving America's Global Businesses Since 1914 - The National Foreign Trade Council (www.nftc.org) is a leading business organization advocating an open, rules- based global trading system. So we are encouraged to see the announcement of the U.S.-EU Trade and Technology Council. The U.S. and the European Union formally established the Trade and Technology Council (TTC) Tuesday during a joint summit in Brussels to coordinate on trade and technology issues and counter China's growing influence in those areas. They say love is in the eye of the beholder, and many in Brussels saw such a high-level policy forum as a testament to a rekindled transatlantic relationship. The Trade and Technology Council was set up at the June 2021 EU-US summit and serves as a forum for the European Union and the United States to coordinate approaches to key global trade, economic, and technology issues and to deepen transatlantic trade and economic relations based on shared democratic values. U.S. President Joe Biden and European Commission President Ursula von der Leyen launched the EU-U.S. Trade and Technology Council (TTC) during the U.S.-EU Summit in Brussels on June 15. In December 2020, the European Commission proposed the creation of the EU-US Trade and Technology Council (TTC), to facilitate trade, expand investment, develop compatible standards, boost innovation and strengthen the partners' technological and industrial leadership. The Transatlantic Trade and Technology Council will meet again next year, likely in the spring. The U.S.-EU Trade and Technology Council (TTC) met for the first time in Pittsburgh on 29 September 2021. Marek Grzegorczyk. Hopes were high at the start of 2021 that a new administration in Washington, paired with high vaccination rates in advanced economies, would improve transatlantic relations. The Trade and Technology Council between the European Union and the United States will be established later this month in Pittsburgh, executive vice-president of the European Commission, Valdis Dombrovskis said. This paper is in response to the requests for comments from the Bureau of Industry and Security and the Directorate General for Trade of the European Commission (DG TRADE) to help inform the work of the US-EU Trade and Technology Council Export Control Working Group (ECWG). After a shaky lead up, the first U.S.-EU Trade and Technology Council (TTC) meeting in Pittsburgh got the TTC off the starting blocks, but that was the easiest part. If the EU and United States can't address digital issues between them, then the chances of working together to address The U.S.-EU Trade and Technology Council, referred to as TTC, emerged in the wake of Joe Biden's presidential victory as the European Commission, the executive arm of the EU, looked to overcome . Trade and Technology Council is scheduled to convene in Pittsburgh, bringing together three members of President Biden's Cabinet and . Karan Bhatia, Vice President of Government Affairs & Public Policy at Google, explains why the US should take them up on the offer. have launched the EU-US Trade and Technology Council (TTC) at the US-EU Summit in Brussels on June 15, 2021. The United States-European Union Trade and Technology Council The United States-European Union Trade and Technology Council Fact Sheet Office of the Spokesperson September 28, 2021 "We renewed our engagement with the European Union, a fundamental partner in tackling the full range of significant issues facing our world today." Trade and Technology Council is an effort to counter China's often disruptive global footprint through multinational partnership, a goal of President Joe Biden. Summit in June by U.S. President Joe Biden and Commission President Ursula von der Leyen, the EU and the U.S. are today announcing the details for its first meeting on 29 September 2021 in Pittsburgh, Pennsylvania. Trade and Technology Council (TTC) Introduction At the United States-European Union (EU) Summit in June, President Biden, European Commission President von der Leyen, and European Council President Charles Michel announced the formation of the U.S.-EU Trade and Technology Council (TTC). Our hope is that the Council serves as a focal point for making substantive progress in addressing policy differences between the U.S. and the EU now while paving the way for deeper and broader progress in the future. Founded in 1914 by a broad-based group of American companies, the NFTC now serves its member companies through its office in Washington D.C. Secretary Antony J. Blinken is travelling to Pittsburgh, Pennsylvania, September 29-30, where he will co-chair the inaugural meeting of the U.S.-EU Trade and Technology Council (TTC) with Secretary of Commerce Gina Raimondo, United States Trade Representative Katherine Tai, and European Commission Executive Vice Presidents Margrethe Vestager . Welcome to the Working Group 1 - Technology Standards Community!. Though some transatlantic digital consultations are already taking place—for instance, as part of the annual U.S.-EU Information . At the first meeting of the Trade and Technology Council (TTC) in Pittsburgh, the EU and the US agreed on concrete deliverables and outlined the future scope of work. European Union, 2021 Written by Marcin Szczepanski. International. Trade and Technology Council News: Latest and Breaking News on Trade and Technology Council. From Wikipedia, the free encyclopedia The Trade and Technology Council ( TTC) is a transatlantic political body which serves as a diplomatic forum to coordinate technology and trade policy between the United States and European Union. Officials from the U.S. and the European Union are . The Trade and Technology Council provides the first step towards a newly conceptualized transatlantic partnership. Brussels, 29 September 2021 - Today, the EU and the US formalised their cooperation on emerging trade and technology issues, following an inaugural Trade and Technology Council summit in Pittsburgh. One thing is already clear: as Russia's aggression in Ukraine is changing the American and European economies, there must also . Trade,Tech. If the EU and United States can't address digital issues between them, then the chances of working together to address Trade and Technology Council What is the Trade and Technology Council? The EU-US Trade and Technology Council (TTC) is an enormous opportunity for the European Union and United States to work together at the highest levels to strengthen their industrial leadership and stir the transatlantic and global technological landscape in a positive and constructive direction. &. Such an initiative is sorely needed both bilaterally and globally. Top trade officials, US Secretary of State Antony Blinken and Secretary of Commerce Gina Raimondo met an EU delegation on Tuesday to hold a Trade and Technology Council (TTC) meetings. The U.S.-European Union Trade and Technology Council, set up last year to mend strained transatlantic trade relations and help the allied democracies better compete with China, will meet for the . The U.S. Chamber of Commerce welcomes the willingness of the United States and the European Union to reframe and refresh transatlantic ties. US, EU Officials Talk Tech Regs at Inaugural Trade Summit in Pittsburgh. It is composed of ten working groups, each focusing on specific policy areas. The TTC is an exciting development that has the potential to bring the U.S. and EU together to drive the global technological landscape in a much more positive direction. The United States and the European Union (EU) on Tuesday formally established a Trade and Technology Council (TTC) to . At the conclusion of the first meeting of their new "Trade and Technology Council" (TTC) today, the U.S. and the EU issued a joint statement that covers a number of issues, including one described as "Trade Policy Cooperation towards Non-Market Economies (NMEs)." This piece summarizes the main points on this issue as set out in the statement. By Barbara C. Matthews. The inaugural meeting of the U.S.-E.U. This Community is part of the larger EU-US Trade and Technology Council Community on Futurium, which is a virtual space for businesses, public authorities, innovators, researchers, civil society, and policymakers to shape the EU and US discussions in the Trade and Technology Council together. Following the launch of the Trade and Technology Council (TTC) at the EU-U.S. Initially proposed by the European Council in December 2020, the TTC will cover a plethora of issues that will shape the future of global economic and digital . More work needs to be done, however, to ensure that the understandings and agreements struck in . Both the U.S. and E.U. This paper was first published by the Egmont Institute. Trade and Technology Council. Establish an EU-U.S. Trade and Technology Council: The idea originally proposed by former EU trade commissioner Phil Hogan of establishing an EU-U.S. Trade and Technology Council should be advanced early on in 2021. 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