Channel 1 Los Angeles
10/1/2021 Pittsburgh, Pennsylvania
I think what we’ve seen just over the last couple of days is the United States and the European Union working more closely together than ever before and actually tackling a lot of issues and challenges that are having a real, direct impact on the lives of citizens in both the United States and in Europe, and doing it in a spirit not just of cooperation and collaboration but actually trying to get real results. So we have now in place a process through this Trade and Technology Council where we are working with not just among the ministers or the secretaries but with working groups that are working literally every week, day in, day out, to make progress on the issues.
Because the bottom line is this: When the United States and Europe can come together and work together on issues of trade and technology, we have a tremendous ability to shape the way all of that goes forward in the future – the rules, the norms, the standards that affect trade and affect the way that technology is used. When you’ve got almost half of the world’s GDP working together to do that based on the values that we share, the democratic values we share, that’s a very, very powerful thing.
So I think you saw in the statement we – that we put out a lot of good, practical, concrete work done on everything from artificial intelligence to semiconductors to export controls to investment screening to non-market distortive practices in trade. We’ll be meeting again probably early next year, but between here and there we have our teams working literally all the time to come to common positions and to use our collective weight to shape the way a lot of this is done going forward.