Background

High-ranking U.S. and EU officials sought to advance bilateral efforts to strengthen economic security at the fifth ministerial meeting of the U.S.-EU Trade and Technology Council held Jan. 30 in Washington, D.C.

The two sides highlighted the importance of further de-risking and diversifying the U.S. and EU economies, building resilient supply chains, employing outbound investment mechanisms to safeguard national security-related technologies, enhancing and better coordinating U.S. and EU export control regimes to prevent the exploitation of dual-use technologies, and jointly countering the use of economic coercion and non-market policies and practices by authoritarian actors. They also discussed greater cooperation to counter the misuse of technology, including countering foreign information manipulation and interference.

U.S. and EU officials discussed ways to expand transatlantic cooperation in critical and emerging technologies, including artificial intelligence, and to jointly promote innovation, security, and trustworthiness across digital ecosystems. They highlighted progress made through the TTC Joint Roadmap on Trustworthy AI and Risk Management and resolved to continue to promote interoperability in emerging approaches to AI governance.

Additionally, in two stakeholder events held on the margins of the ministerial meeting the two sides discussed ways companies can improve supply chain resilience and transparency and how governments can help address non-market policies and practices that lead to excessive dependency on a single producing country for legacy semiconductors, as well as ways of strengthening the transatlantic marketplace as a key factor in the development of sustainable and net-zero economies.

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