Launched during the US-EU Summit in Brussels on June 15, 2021, the Trade and Technology Council (TTC) will serve as a forum for the US Federal Government and the European Commission to coordinate approaches to key global trade, economic, and technology issues and to deepen transatlantic trade and economic relations based on shared democratic values.

The Charter of Trust welcomed the opportunity to contribute to the TTC. While digitalization has created great opportunities, it also harbors great risks. With this in mind, the Charter of Trust contributed to the three following Working Groups (WG) of the TTC.

• WG 1 on Technology Standards : The Charter of Trust believes it is important to  encourage cooperation in the development and subsequent adoption of international standards to curb standardization that is not compatible with the transatlantic business model.
• WG 3 on Secure Supply Chains : The Charter of Trust believes that solid government support will be required to address the availability of materials, skilled labor, R&D equipment and facilities, manufacturing capacity, and technological know-how, and improve the competitiveness and resilience of the semiconductor supply chain in North America and Europe.
• WG 4 on ICT security and competitiveness : The Charter of Trust believes that addressing the magnitude of the cybersecurity challenge we face calls for global rather than local solutions, which can be specifically enabled by transatlantic leadership, the alignment and/or the mutual recognition of risk-based approaches to cybersecurity policies.

The full contributions can be downloaded below.