Formation of the Trade and Technology Council shows clear 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 TTC inaugural meeting will be held on September 29, 2021, in Pittsburgh, Pennsylvania.

Through the creation of the new TTC, the EU and the US can work together to tackle new and emerging issues that arise from the transformation of our economies, including the pervasive impact of new technologies, the digitization of trade and supply-chain resilience.

The TTC’s ten working groups will tackle a diverse set of challenges, including cooperation on technology standards, global trade challenges and supply chain security, climate and green technology, ICT security and competitiveness, data governance and technology platforms, the misuse of technology threatening security and human rights, export controls, investment screening, and access to, and use of, digital technologies by small and medium enterprises.