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AmCham EU statement on the outcomes of the EU-US summit

23 Oct 2023
All Committees

Commenting on the outcomes of the EU-US summit, Susan Danger, CEO, AmCham EU said: ‘Last week’s summit shows the commitment of EU and US leaders to the transatlantic relationship. In a difficult geopolitical environment, we do not take this level of unity and cooperation for granted and we appreciate the efforts on both sides to address complex issues and trade irritants. However, we are disappointed that the summit was not able to deliver a deal on both a Global Arrangement on Sustainable Steel and Aluminium (GSA) and a Critical Minerals Agreement. It is absolutely essential to reach a resolution by the end of the year. No one would stand to win from going back to a tit-for-tat dispute between the world’s largest trading partners.’

She went on to say: ‘We support the announced efforts to deepen collaboration in security, sustainability, technology and the promotion of rules-based trade, amongst other areas. We are now looking to the upcoming Ministerial of the Trade and Technology Council with high expectations. We need to demonstrate the critical importance and relevance of this process. The only way to do this is to continue producing concrete deliverables with benefits for citizens and businesses.’