It is our pleasure to invite you to:

 

Online Event: EU-U.S. Cooperation in a Changing Geo-Economic and Trade Environment – What can the Transatlantic Trade and Technology Council Deliver?  

 

An online discussion with:

Stormy-Annika Mildner, Executive Director, Aspen Institute Germany

Rupert Schlegelmilch, Deputy Director, DG Trade, European Commission

Moderator:

Mark C. Fischer, Senior Project Manager, Bertelsmann Stiftung

 

Tuesday, June 6  

5:45 – 6:45 pm CET/11:45 – 12:45 pm EST

 

Register Here

This event continues our online event series EU Strategic Toolbox Talks. In our Toolbox Talks, we are focusing on existing and upcoming EU instruments aimed at managing critical dependencies and strengthening the EU’s sovereignty and external economic governance. These instruments form an important basis for fostering the EU’s capability to act in a global environment increasingly shaped by geopolitical tensions and systemic rivalries.

On May 30-31, 2023, the EU-U.S. Trade and Technology Council (TTC) has convened for its fourth ministerial meeting in Lulea, Sweden. Since its launch in September 2021, the TTC has been working working on revitalising transatlantic cooperation, boosting bilateral trade and investment, and reinforcing the parties’ technological and industrial leadership.

So far, the TTC has achieved tangible results in several of its working groups on technology standards, secure supply chains, tech regulation, global trade challenges, climate and green technologies, investment screening and export controls. In addition, the TTC made progress on improving collaboration in areas of common interest, such as sanctions against Russia, AI standards, semiconductors, and China’s non-market economic policies.

The latest TTC meeting agenda also addressed the bilateral tensions caused by the US Inflation Reduction Act (IRA), which has earmarked nearly US$370 billion to incentivise the U.S. industry to confront climate change.

While the Act was hailed as a significant step in the global fight against climate change, it also constitutes a significant challenge for the multilateral trading system incorporating local content requirements contravening World Trade Organization (WTO) rules and for EU competitiveness in green technologies in particular.

There are also still questions on the viability of the TTC, especially with regard to finding a common approach to the overarching challenge of increasing geo-economic rivalry with China against the background of a fracturing trade environment and ongoing dysfunction of central elements of the WTO.

In this discussion, we plan to address the following questions and topics:

  • How much progress was achieved during the TTC Ministerial Meeting in Lulea, Sweden, on May 30-31?
  • How strong is the sense of common purpose on the principal objectives of the TTC? How much confidence is there that the TTC will make meaningful progress on central elements of its agenda before the political environment will become difficult due to U.S. elections?
  • Is there a dialogue on “transatlantic guardrails” that can be set in place in case the trade conflicts that arose under the Trump administration flare up again if there is a change in government in the U.S.?
  • What shape could a set of limited EU-U.S. agreements take that would allow European producers to benefit from the incentives of the IRA?

Register here

We are looking forward to your participation!

Read Recaps of The Europe’s Future Team recent events

Event Recap: EUI State of the Union Conference Panel on Technological Capabilities for the Twin Transition

“Cautious but Justified Optimism” – Eurogroup President Paschal Donohoe Confident about Economy of the European Union

Online Event: Green partnership agreements with the EU’s neighbouring countries – Potential instruments for strengthening the European Green Deal?

Events: The Bertelsmann Stiftung Europe’s Future Program Featuring at the 2023 Munich Security Conference

Event Recap: 60 Years After the Elysée Treaty – Does the Franco-German “Engine” Need a Change?

Related Posts: