Saclay, 16 May 2022 (TDI): The EU-US Trade and Technology Council held their second meeting in Brussels. Both President of the EU Commission and the President of the US gave their joint statement at the meeting.

President of the EU Commission, Ursula von der Leyen stated that in less than a year, it has become a pillar of their transatlantic cooperation. More to this, she said it is not only on trade and investment but also in their united response to Russia.

Prior to this, they established the US-EU Trade and Technology Council (TTC) at their June 2021 US-EU Summit. Therefore, it was meant to form the rules of the road for an economy of the 21st century as well as for quickly evolving digital and emerging technology.

It has been less than a year that the TTC has been a pillar of transatlantic cooperation, especially in growing their bilateral trade and investment relationship.

Also, it has been essential in resolving existing and avoiding new barriers to trade while at the same time countering non-market, trade-distorting practices in their joint response to Russia’s aggression in Ukraine.

In succeeding its first ministerial meeting in Pittsburgh, Pennsylvania last year, the TTC had its second ministerial meeting in Saclay, France. Co-chairs of the US, Secretary of State Antony J. Blinken, and others established a solid foundation.

There was the announcement of new initiatives on supply chains, food security, export controls, emerging technology, digital infrastructure, and trade.

Moreover, President von der Leyen and President Biden stated that the initiatives will strengthen their shared values and secure their global competitiveness.

They pointed out that it will also benefit workers and families on both sides of the Atlantic. In conclusion, both Presidents expressed their gratitude to the leadership of the TTC.