Today, the EU and the US reaffirmed their close cooperation to address global trade and technology challenges, in line with their shared commitment to democracy, freedom and human rights. Meeting at the second ministerial meeting of the Council for Trade and Technology (TCT) in Paris, both sides reaffirmed the central role of the CTC in a renewed transatlantic partnership that has already served to coordinate joint EU-US responses in the face of Russian aggression against Ukraine.
Some members of the college commented on this:
Margret VestagerExecutive Vice President for Digitally Fit Europe and CCT Co-Chair said:Russia’s aggressive war against Ukraine has once again underlined the vital importance of our cooperation with the United States on economic and technological issues. This cooperation goes beyond our response to the war. Together with our transatlantic partners, we can create a positive vision for our economy and democratic Internet governance based on the dignity and integrity of the individual. When we act together, we can set the standard for tomorrow’s economy. By joining forces, we can, as happens when two such determined partners take the initiative, to change the course of events.”
Valdis DombrovskisExecutive Vice President and Trade Commissioner and Co-Chair of the CTC said: “I am pleased to see that at this second meeting of the TCC, we have agreed to expand our cooperation with the United States to address new and emerging global trade challenges, working as trusted partners. We will work closely together to protect our supply chains and enhance global food security. We will build on our unprecedented transatlantic export control coordination to Russia to further align our approaches in this critical area while increasing trade with Ukraine. We will also cooperate in promoting green trade, for example through green public procurement.”
Thierry BretonCommissioner for the Internal Market, added: “Transatlantic cooperation in supply chains and digital technologies is essential to protect our shared values and interests. Having successfully resolved the bottlenecks in the vaccine ingredient supply chain with the United States, I am pleased to see that there is a shared drive to improve the sustainability of the vaccine ingredient supply chain. semiconductors. The Paris Summit is an important moment for the Trade and Technology Council, which should turn the transatlantic dialogue into concrete results.”
Key Outcomes of the Second JCC Ministerial Meeting
Support for Ukraine
The TCCC co-chairs expressed their firm and common commitment to support Ukraine against Russian military aggression and agreed on concrete steps that have already been taken and will be taken within the TCTC. They also pledged to work with Ukraine to rebuild its economy and promote trade and investment.
They agreed to strengthen their cooperation to ensure the integrity of information in crisis situations, initially focusing on a common analytical framework to detect Russian manipulation and interference, which will lead to the creation of a network of cooperation in all crisis situations.
Trade and Labor Dialogue
The Co-Chairs agreed to establish a tripartite trade and labor dialogue to jointly promote internationally recognized workers’ rights, including the elimination of forced labor and child labour.
Cooperation within the CPC has been instrumental in rapidly and coherently establishing controls on the export of advanced technologies, especially in the areas of aerospace and cyber surveillance, in order to deprive Russia of the opportunity to continue developing its industrial sector. and military capabilities. Both sides are committed to expanding and strengthening this strong cooperation.
Secure supply chains
As global supply chains have been further weakened by Russian aggression against Ukraine, both sides have agreed that it is more important than ever to work closely together to improve supply chain resilience. For example, the EU and the US have agreed to develop a common early warning and monitoring mechanism for semiconductor value chains, raise awareness of supply disruptions and improve security, prepare for this, and develop information sharing to avoid a race for subsidies.
The Ad Hoc Task Force on Public Funding for Secure and Resilient Digital Infrastructure in Third Countries will also pave the way for joint US and EU public funding of digital projects in third countries based on a set of common general principles.
In the area of new technologies, the EU and the US have agreed to establish a strategic standardization clearing house to promote and protect common interests in international standardization activities. Both parties will promote the development of harmonized and compatible technical standards in areas of common strategic interest such as artificial intelligence, additive manufacturing, material recycling or the Internet of Things.
The parties re-discussed the implementation of common principles in the field of AI and agreed to develop a common roadmap for assessment and measurement tools for reliable AI and risk management.
The EU and the US also reaffirmed their support for an open, global, interoperable, reliable and secure Internet, in line with the Declaration on the Future of the Internet and the Declaration on European Digital Rights and Principles. In addition, the EU and the US agreed to strengthen cooperation on key aspects of platform management.
SME access to technology
The EU and US today released a joint best practice guide that includes resources for SMEs to improve their cybersecurity.
Environmental and climate aspects of trade and technology
Promoting sustainable development is one of the main objectives of the CCT. In this spirit, ministers agreed to work on issues related to trade and environment/climate, in particular to promote a better understanding of the role that trade can play in facilitating the dissemination of environmental goods and services, enhancing cooperation on green public procurement and developing common methods for calculating the carbon footprint.
The ministers agreed to work together on solutions that will help increase transatlantic trade and investment, including through increased cooperation in public procurement and conformity assessment, and discussion of potential new trade barriers both bilaterally and against third countries. They also agreed to coordinate their efforts to combat non-market policies in an attempt to avoid side effects for the other partner.
The European Union and the United States announced the creation of the EU-US Trade and Technology Council (CTC) during the EU-US Summit held in Brussels on 15 June 2021. The CTC is a forum where the EU and the US coordinate their actions. their approaches to key issues of trade and technology and to deepen transatlantic cooperation in this area on the basis of common democratic values. The constituent assembly of the TCC was held on September 29, 2021. Following this meeting, 10 working groups were formed to explore issues such as standards, artificial intelligence, semiconductors, export controls, and global trade issues. The next TCC meeting is scheduled before the end of 2022 in the US.
Paris-Saclay CCT Meeting – Joint Statement
Paris-Saclay CCT Meeting – General Information
Paris-Saclay CCT Meeting – Detailed Information Sheet
Previous TCC Meetings and Useful Links
EU and US launch CTC – press release
TCC Constituent Assembly – Newsletter
CTC Inaugural Joint Statement
STS Futurium platform
Trade relations between the EU and the USA – background information