TLDR:
- The US-EU Trade and Technology Council (TTC) has been successful in bridging trade and technology issues between the US and EU.
- To further enhance success, the TTC should focus on avoiding trade barriers from new technologies, shaping common trade goals, and establishing a durable institutional foundation.
L. Daniel Mullaney, a nonresident senior fellow with the Atlantic Council, highlights the success of the US-EU Trade and Technology Council (TTC) in a recent article. The TTC aims to coordinate approaches to global technology, economic, and trade issues between the US and EU.
The article emphasizes the need to break down the divide between trade and technology within the TTC. By focusing on avoiding unnecessary trade barriers arising from new technologies and promoting shared values globally, the TTC can enhance cooperation between the US and EU.
Additionally, the article suggests sharpening the focus of the TTC on specific common trade goals. By isolating areas of agreement and actively shaping cooperative issues, the TTC can progress more efficiently without getting bogged down by disagreements.
Furthermore, the article underlines the importance of establishing a durable institutional foundation for US-EU trade relations. By incorporating a trade agreement framework informed by stakeholder input, the TTC can maintain stability and continuity in its trade and technology cooperation efforts.
In conclusion, Mullaney advocates for building on the success of the TTC by enhancing its focus on common trade goals, establishing a structured trade agreement framework, and promoting global trade rules that reflect shared US-EU values.