The future of the Trade and Technology Council
News
27 Mar 2024
Transatlantic, Digital
The future of the Trade and Technology Council

The Trade and Technology Council (TTC) is a unique forum for the EU and the US to tackle emerging issues arising from the transformation of our economies and geopolitical shifts. Since its creation, the TTC has achieved several successes that have strengthened transatlantic cooperation. However, more should be done to amplify its impact. Policymakers have an opportunity to build a TTC fit for the future by refining its objectives, simplifying workstreams and increasing transparency and stakeholder engagement. Learn more about how the TTC can serve as a pivotal platform for the EU and the US for years to come.  

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Reacting to the vote, Malte Lohan, CEO, AmCham EU, welcomed the Parliament’s decision as a necessary step towards a more predictable transatlantic marketplace: ‘The Parliament today has taken a decision that helps put the EU-US trade and investment relationship back on track. It is the right signal for businesses that have been stuck in limbo over the past year.’

‘AmCham EU opposes broad-based tariffs. However, given political priorities on both sides of the Atlantic, we still see the Framework Agreement as the most realistic route to securing a more constructive EU-US trade and investment climate’, Mr Lohan added. ‘We call on the Parliament and Member States to conclude trilogues swiftly. Once the tariff reductions are approved, the EU and the US can get back to advancing the cooperation the Framework Agreement envisages on a range of areas that benefit European and American businesses alike. We look to both sides to continue honouring their commitments throughout this process.’ 

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