EU consults on US Trade and Technology Council

EU consults on US Trade and Technology Council

Business news |
By Nick Flaherty

The European Commission has launched an online consultation platform for companies to give their views on the EU-US Trade and Technology Council (TTC)

Representatives of the European Union and the United States met for the first time in the US and agreed on the importance of and commitment to consulting closely with diverse stakeholders on both sides of the Atlantic on their coordinated approaches to key global technology and trade issues.

As a result, the Commission has set up a platform it calls Futurium to collect view from businesses, think tanks, unions, non-profit and environmental organisations, academics, and other parties.

The working groups cover Technology Standards; Climate and Clean Tech; Secure Supply Chains, Information and Communication Technology and Services (ICTS) Security and Competitiveness; Data Governance and Technology Platforms; Misuse of Technology; Threat to Security and Human Rights; Export Controls; Investment Screening; Promotion of Small- and Medium-sized Enterprises (SME); Access to and Use of Digital Tools; Global Trade Challenges.

“Robust and regular engagement with all interested parties on both sides of the Atlantic is an absolute must for the success of the EU-US Trade and Technology Council,” said Margrethe Vestager, Executive Vice-President for A Europe Fit for the Digital Age. “Following a promising inaugural meeting in Pittsburgh, we are happy to open a structured channel for input, feedback and expertise. This new platform will ensure transparency and allow enhanced participation, helping shape our common approaches for a successful transatlantic cooperation in digital and tech.”

Executive Vice-President and Commissioner for Trade, Valdis Dombrovskis, said: “The EU – US Trade and Technology Council is a critical initiative to cement transatlantic leadership on these key topics. We want it to become a successful platform with a broad stakeholder’s involvement by listening to everyone who has a stake in these issues. This platform is only part of our outreach. In line with our transparency commitments on trade issues, we will also be taking stock on a horizontal basis with civil society through our regular Civil Society Dialogues.”

The next meeting of the TTC is planned in 2022.

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