The US–EU Trade and Technology Council: Features of Cooperation
( Pp. 232-238)

Thе present paper focuses on a new form of cooperation built on the basis of coordination of approaches, within the US-EU Trade and Technology Council. TTC was launched by these countries in 2021 to promote their shared prosperity and competitiveness through collaboration in working groups. For these purposes 10 working groups were established on various topics. The TTC appears intent on avoiding tough issues that have stymied trans-Atlantic negotiators in the past. At the inaugural TTC summit, the EU and the US made the commitment to coordinate approaches to key global technology, economic and trade issues and to base policies on shared democratic values. The European Commission and the Biden administration established the TTC as a non-binding instrument. This simplifies negotiations and facilitates an agile approach to addressing common evolving challenges. However, it also means that the scope and applicability of TTC decisions are inherently limited. The US desire to turn the TTC into a geopolitical instrument aimed at China turned out to be incompatible with the reality of the EU. European foreign and security policy continues to be shaped predominantly in EU capitals—not in Brussels. One area of particular concern to both sides is the current global shortage of semiconductors. Parties have completed a joint early warning mechanism in addressing semiconductor supply chain disruptions. They are committed to sharing information on public support given to the semiconductor sector, aiming to avoid subsidy races, maintained a continuous exchange of best practices and also seek to collaborate further by expanding R&D.

Perova M. K. The US-EU Trade and Technology Council: Features of Cooperation // ECONOMIC PROBLEMS AND LEGAL PRACTICE. 2023. Vol. 19. № 6. P. 232-238. (in Russ.) DOI: 10.33693/2541-8025-2023-19-6-232-238. EDN: YXUJLM

Benson E., Reinsch W. Assessing Progress within the TTC. May 18, 2022. Available at: https://www.csis.org/analysis/assessing-progress-within-ttc (accessed: 15.09.2023).
Benson E., Reinsch W., Palazzi A. The U.S.-EU Trade and Technology Council: Assessments and Recommendations. November 16, 2022. Available at: https://www.csis.org/analysis/us-eu-trade-and-technology-council-assessments-and-recommendations (accessed: 05.09.2023).
Bown С., Malmström C. What is the US-EU Trade and Technology Council? Five things you need to know September 24, 2021. Available at: https://www.piie.com/blogs/trade-and-investment-policy-watch/what-us-eu-trade-and-technology-council-five-things-you) (accessed: 15.09.2023).
Vos S., Eizenstat S., Szewczyk B., Stannard A., Luecke L., Malmström C. U.S.-EU Trade and Tech Council: Paris Takeaways and Next Steps. June 13, 2022. https://www.globalpolicywatch.com/2022/06/u-s-eu-trade-and-tech-council-paris-takeaways-and-next-steps/(accessed: 05.10.2023/).
Meng J. Semiconductor Priorities for the US-EU Trade and Technology Council. 26 October,2021. Available at: https://futurium.ec.europa.eu/en/EU-US-TTC/wg10/documents/semiconductor-industry-association-sia-semiconductor-priorities-us-eu-trade-and-technology-council//(accessed: 15.07.2023/).
Moens. B. Transatlantic Trade and Tech Council will meet mid-May. Politico. February 21, 2022. Available at: https://www.politico.eu/article/transatlantic-trade-and-tech-council-to-meet-mid-may/(accessed: 30.09.2023).
Reinsch W., Ikeonu K. Transatlantic Treatment of Transnational Subsidies. July 22, 2022. Available at: https://www.csis.org/analysis/transatlantic-treatment-transnational-subsidies (accessed: 05.10.2023).
Ringhof J. Setting the tone: The value of the EU-US Trade and Technology Council. December 9, 2022. Available at: https://ecfr.eu/article/setting-the-tone-the-value-of-the-eu-us-trade-and-technology-council//(accessed: 10.07.2023)
Shivakumar S., Wessner С., Howell Т. Opportunities and Pitfall for U.S.-EU Collaboration on Semiconductor Value Chain Resilience. July 7, 2022. Available at: https://www.csis.org/analysis/opportunities-and-pitfalls-us-eu-collaboration-semiconductor-value-chain-resilience (accessed: 10.11/2021)
Torreblanca J-I, Jorge-Ricart R. The US-EU Trade and Technology Council (TTC): State of Play, Issues and Challenges for the Transatlantic Relationship. January, 2022.Available at: https://www.esade.edu/ecpol/wp-content/uploads/2022/12/AAFF_EcPol-OIGI_PaperSeries_ENG_def_jan22.pdf) (accessed: 15.09.2023)
United States and European Union Outline Plans for Cooperation on Trade and Technology. May 24, 2022. Available at: https://www.whitecase.com/insight-alert/united-states-and-european-union-outline-plans-cooperation-trade-and-technology (accessed: 05.07.2023).
U.S.- EU Trade and Technology Council. Available at: https://www.trade.gov/useuttc (accessed: 10.09.2023).
U.S.-EU Trade and Technology Council Inaugural Joint Statement. September 29, 2021. Available at: https://www.whitehouse.gov/briefing-room/statements-releases/2021/09/29/u-s-eu-trade-and-technology-council-inaugural-joint-statement//(accessed: 20.08.2023).
U.S.-EU Joint Statement of the Trade and Technology Council. May 16, 2022 Paris-Saclay, France. Available at https://www.consilium.europa.eu/media/56726/eu-u-s-joint-statement-of-the-trade-and-technology-council.pdf//(accessed: 05.10.2023/).
U.S.-EU Joint Statement of the Trade and Technology Council. December 5, 2022. Available at: https://www.whitehouse.gov/briefing-room/statements-releases/2022/12/05/u-s-eu-joint-statement-of-the-trade-and-technology-council/ (accessed: 15.07.2023).
U.S.-EU Joint Statement of the Trade and Technology Council. May 31, 2023. Available at: https://www.whitehouse.gov/briefing-room/statements-releases/2023/05/31/u-s-eu-joint-statement-of-the-trade-and-technology-council-2/(accessed: 14.09.2023).
Hamilton, D., Quinlan, J. The Transatlantic Economy 2023: Annual Survey of Jobs, Trade and Investment between the United States and Europe. Washington, DC: Foreign Policy Institute, Johns Hopkins University SAIS/Transatlantic Leadership Network. P. 191.
Bown С., Malmström C. Chance to Preserve the World They Made. America and Europe Seek to Revive Trade Ties. //Foreign Affairs. October 7, 2021. Available at: https://www.foreignaffairs.com/articles/united-states/2021-10-07/chance-preserve-world-they- made. (accessed: 10.11/2021).

The Trade and Technology Council /TTC, new form of U.S.-EU cooperation, collaboration in working groups, coordination approaches, non-binding instrument, semiconductors, subsidies..