EU Commission Vice-President sees the new Trade Council as a milestone

Released on 30.09. 2021

  • Members of the European-American Trade and Technology Council meet in Pittsburgh. After the latest upset in the transatlantic partnership, EU representatives rate the first meeting as a success. Photo: Rebecca Droke

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The partnership between the EU and the USA is looking up – at least that is what EU Commission Vice President Valdis Dombrovskis thinks. Common standards for employees and consumers are the goal.

Pittsburgh / Brussels (dpa) – After the latest upsets in the transatlantic partnership, EU representatives have seen the first meeting of a new European-American trade and technology council as a success.

“Today marks a new chapter in our transatlantic relations,” wrote EU Vice-Commission President Valdis Dombrovskis on Twitter on Wednesday after the talks in the US city of Pittsburgh. The first meeting of the council was “a milestone” in the relationship between the US and the EU. Both sides have agreed to jointly develop standards and rules to help businesses, workers and consumers in the 21. Century.

Dombrovskis had the talks on the European side together with EU Vice-Commission President Margrethe Vestager. For the USA, Foreign Minister Antony Blinken, Trade Minister Gina Raimondo and Trade Representative Katherine Tai took part. Blinken spoke on Twitter after the meeting of a “stimulating discussion”.

Both sides then published a joint statement in which they stated, among other things, the goal of technology standards and security of supply chains to work together more closely and to coordinate closely on countering unfair trade practices by countries like China. In particular, they want to address delivery bottlenecks for semiconductors through closer cooperation. Ten working groups are to develop concrete plans for the individual topics in the coming months.

The meeting followed the recent strong resentment between the USA and Europe. The background to this is the European horror that Washington has been negotiating a new security pact for the Indo-Pacific region with the UK and Australia behind the back of the EU in recent months. In particular, the government in Paris is furious because the alliance broke a 30 billion euro submarine contract between Australia and France . In light of this, France had questioned whether the Pittsburgh meeting should take place at all. The state only approved the text for the final declaration after making corrections.

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