U.S. Chamber Calls for Ambition, Action as Trade and Technologies Council Concludes

Associated

LULEÅ, SWEDEN – At the conclusion of the U.S.-EU Trade and Technologies Council’s 4th Ministerial held now in Luleå, Sweden, U.S. Chamber of Commerce Senior Vice President for European Affairs Marjorie Chorlins issued the following statement: 

“The U.S. Chamber was pleased to take element in these important discussions to address emerging technologies, provide chain resiliency, the power transition, and the lightning-speed evolution of generative AI technologies. On all these fronts, transatlantic collaboration is necessary.  

“This week’s dialogue underscored the crucial for governments to engage successfully with company on realistic guidelines that facilitate, not impede, the innovation necessary to lead on all these challenges. To that finish, the U.S. company neighborhood welcomes the extension of our mutual recognition agreement on pharmaceuticals to cover veterinary items, amongst other deliverables. 

“However, additional action is necessary, beginning with the urgent job of finalizing and implementing the EU-U.S. Information Privacy Framework to retain our economies connected. We need to also turn thoughts into actions when it comes to addressing the challenges posed by non-market place economies, such as unfair subsidies and intellectual home theft. Additional, we encourage a robust dialogue amongst governments, involving stakeholders, to keep away from U.S. or European industrial policies that in the end will only serve non-market place economies and their national champions. 

“Transatlantic collaboration will assist make certain the U.S. and EU stay at the cutting edge of study and innovation. Divergent approaches to artificial intelligence or technologies that facilitate the power transition will only hinder our capacity to compete globally.  

“The Chamber appears forward to continuing to help the function of the Trade and Technologies Council and to operating with each sides to make certain it produces tangible outcomes to boost our shared financial competitiveness.” 

See also: U.S. Chamber and BusinessEurope Outline 12 Important Priorities Ahead of 4th TTC Ministerial