New EU-US trade talks, against a backdrop of war in Europe

American and European trade officials meet Monday in Saclay in the Paris region for a new meeting of the EU / United States Council on Trade and Technology (TTC), in a context marked by the war in Ukraine. Launched to bring the two blocs together after the departure of the Trump administration, against a backdrop of growing tension with China, the TTC is an informal body, which is not there to seal agreements but to allow European and American officials to clear up complex and strategic subjects.

On Monday in Saclay, the European side will be represented in particular by European Commissioners Margrethe Vestager (Competition) and Valdis Dombrovskis (Trade), while the American side will be represented by Gina Raimondo, the American Secretary of Commerce, and Katherine Tai, the American representative. Trade. US Secretary of State Antony Blinken took part in a dinner with US and European officials on Sunday evening, before leaving to pay tribute to the United Arab Emirates to Sheikh Khalifa bin Zayed Al-Nahyan, the Emirati president who died on Friday. Discussions will include sanctions with Russia, as the EU struggles to adopt its sixth package of measures, which includes an embargo on Russian oil that Hungary opposes.

A desire to better coordinate

We agree“with the United States”to build a common information sharing platform on export controls and export licensing“, declared Sunday in a press briefing in Paris Valdis Dombrovskis. Other topics covered include semiconductors. Both blocs are in the process of adopting legislation (“chips act”) which will allow them to massively subsidize the construction of future semiconductor factories on their soil. They want to avoid going on a mad dash for public spending on these projects, which run into the tens of billions of dollars. “We hope to agree on these high levels of subsidies, so that they are not greater than necessary“said Margrethe Vestager.

The EU and the United States also want to establish a “early warning systemon the disruption of semiconductor supplies, to be able to coordinate, explained for his part an official of the American administration. The two parties must also talk about a new protocol to combat disinformation, of which the major American internet platforms are major vectors. Discussions will also focus on food supply chain security, foreign investment controls, joint EU-US certification efforts, and efforts to eliminate forced or child labor.

.

Leave a Comment