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HomeKey Topics – Bureau of European and Eurasian Affairs U.S.-EU Trade and Technology Council (TTC)
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U.S.-EU Trade and Technology Council (TTC)

President Biden, European Commission President von der Leyen, and European Council President Michel established the U.S.-EU Trade and Technology Council (TTC) at the June 2021 U.S.-EU Summit.   

The Summit affirmed both the United States’ and the EU’s commitment to renew and reinvigorate the Transatlantic partnership, and deepen U.S.-EU cooperation. 

Our Transatlantic Relationship 

The TTC is an essential platform for the U.S.-EU relationship to advance Transatlantic cooperation and democratic approaches to trade, technology, and security, with the goal of delivering benefits for people on both sides of the Atlantic. 

United States and European Union two-way trade in goods and services is $1.1 trillion annually.

Co-Chairs 

The United States and EU are represented in the TTC by five co-chairs: 

  • U.S. Secretary of State Antony Blinken 
  • U.S. Secretary of Commerce Gina Raimondo 
  • U.S. Trade Representative Katherine Tai 
  • European Commission Executive Vice-President and EU Competition Commissioner Margrethe Vestager 
  • European Commission Executive Vice-President and EU Trade Commissioner Valdis Dombrovskis 

Working Groups 

The United States and the EU have established 10 TTC Working Groups, which are chaired by relevant U.S. agencies and European Commission services. 

  1. Technology Standards 
  2. Climate and Clean Tech 
  3. Secure Supply Chains 
  4. ICTS Security and Competitiveness 
  5. Data Governance and Technology Platforms 
  6. Misuse of Technology Threatening Security & Human Rights 
  7. Cooperation on Export Controls of Dual Use Items 
  8. Investment Screening Cooperation 
  9. Promoting SME Access To and Use of Digital Technologies 
  10. Global Trade Challenges 
The U.S.-EU Trade and Technology Council is addressing issues ranging from • technology standards to • global trade to • supply chain security.

These working groups will focus on: 

  • Tech standards,  
  • Climate and green tech, 
  • Secure supply chains,  
  • Information and communications technology and services (ICTS) security and competitiveness, 
  • Data governance and tech platform regulation,  
  • Misuse of technology threatening security and human rights,  
  • Export controls,  
  • Investment screening,  
  • Promoting SME access to and use of digital technologies, and  
  • Global trade challenges. 

Our cooperation in the TTC demonstrates that democratic approaches to trade, technology, and innovation can improve the lives of our citizens and generate greater prosperity for people around the world.  

The U.S.-EU Trade and Technology Council will serve as a vehicle to help fight the climate crisis.

The TTC co-chairs met in Pittsburgh on September 23, 2021 and Paris/Saclay, France on May 16, 2022. They will meet next in Washington, DC on December 6, 2022. 

Resources 

Statements 

Fact Sheets 

Department of Commerce 

United States Trade Representative 

History 

U.S. Department of State

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