WASHINGTON—Following the inaugural U.S.-EU Trade and Technology Council today in Pittsburgh, Pennsylvania, the Information Technology and Innovation Foundation (ITIF), the leading think tank for science and technology policy, released the following statement from Robert D. Atkinson, president of ITIF:
It is heartening to see that the United States and the EU agreed to specific joint actions going forward, including closer cooperation on investment screening, export controls, support for supply chains (semiconductors being one), and trade enforcement, while also affirmatively committing to the principle that both sides “should respect the different legal systems in both jurisdictions.”
It is also promising to see the United States and the EU calling out unfair trade practices—particularly those originating in non-market economies—as posing a threat to workers and the world trade system and coordination in identifying and contesting such practices.
So far, this is all a good start, but much hard work lays ahead if the EU and the United States are to collaborate on key technology and trade issues effectively. In particular, the United States should ensure that the EU does not advance policies that unfairly penalize U.S. tech companies in the name of addressing risks or ensuring competition, nor press the United States to adopt the EU approach to competition policy.
For more on this issue, please see:
- Robert D. Atkinson, “Advancing U.S. Goals in the U.S.-EU Trade and Technology Council” (ITIF, September 2021).