Work more closely on trade and technology to deter geostrategic rivals. The European Union and the United States are working on all possible issues capable of rekindling their alliance which has been weakened in recent years.
The two partners want to develop common standards for artificial intelligence or even set up semiconductor supply chains. However, these are long-term projects and we must act quickly. “We know that the digitization of our economies and societies will only be possible through a stable and open global business environment.“, underlines the Vice-President of the European Commission Valdis Dombrovskis.
Transatlantic tensions have caught up with discussions at this Trade and Technology Council held in Pittsburgh. But both partners have shown their optimism. For European industry this meeting is a good starting point for the future of technology. The objective is to align the rules on both sides of the Atlantic, resulting in easier access to the markets of both partners. “We have 600,000 SMEs that do business outside the EU with America as their main destination“, summarizes Cecilia Bonefeld-Dahl, Managing Director of Digitaleurope.
If trade was formally at the heart of the meeting, the issue of tariffs was not on the agenda. The two partners have still not found a way out of the tensions over steel and aluminum caused by former US President Donald Trump. But time is running out and the November deadline is approaching.
– .
