25 May 2022

EU AND US STRENGTHEN PARTNERSHIP

On 16 May, the EU and the US held the second Ministerial Meeting of the Trade and Technology Council (TTC) in Paris and reaffirmed their close cooperation to address global trade and technology challenges in line with their shared commitment to democracy, freedom and human rights. The EU and the US expressed strong shared commitment to supporting Ukraine against Russian military aggression and agreed on concrete measures already delivered and to be further continued within the TTC.

The EU and the US agreed to work together on solutions that will help increase transatlantic trade and investment, including through increased cooperation on government procurement and conformity assessment, and exchanges on potential new trade barriers both bilaterally and in relation to third countries. The TTC also committed to build on and enhance the strong collaboration on swift and aligned deployment of export controls on advanced technologies such as aerospace and cyber surveillance. Both parties agreed that close cooperation to advance the resilience of supply chains is more important than ever.

In the field of emerging technologies, the EU and the US have agreed to establish a Strategic Standardisation Information (SSI) mechanism to promote and defend common interests in international standardisation activities. Both sides will work to foster the development of aligned and interoperable technical standards in areas of shared strategic interest such as AI, additive manufacturing, recycling of materials, or Internet of Things. Both parties further discussed the implementation of common AI principles and agreed to develop a joint roadmap on evaluation and measurement tools for trustworthy AI and risk management.

Source and more information: European Commission