WASHINGTON, D.C. — U.S. Chamber of Commerce Executive Vice President and Head of International Affairs Myron Brilliant issued the following statement upon conclusion of the third Ministerial meeting of the U.S.-EU Trade & Technology Council (TTC):
“The U.S. Chamber applauds the United States and the European Union for making progress on transatlantic cooperation in critical areas including AI, telecom investments in third countries, EV infrastructure, semiconductors, forced labor, digital skills, and trade in sustainable goods. These are important undertakings, and the Chamber looks forward to participating actively in follow-on work in these areas.
“At the same time, we are increasingly concerned about the TTC’s ability to achieve outcomes that are commercially viable and impactful. For the TTC to meet its considerable promise, both sides must increase their level of ambition. The problems we face—fallout from Russia’s unjust invasion of Ukraine, China’s anti-competitive practices, and supply chain vulnerabilities, to name a few—require movement from dialogue to coordinated action on high-impact near term outcomes. The TTC platform also must be used to address emerging policies that are discriminatory in their application to avoid trade frictions.
“The challenges we face are severe and escalating. The TTC must meet the moment by firming up commitments and actions taken in response to the challenges we collectively face. The Chamber stands ready to help achieve durable solutions that advance the interests of employers, workers, and consumers.”