Washington and the European Union are looking for common ground to attract green companies. Brussels has looked at how President Joe Biden’s subsidy and tax cut plan for the United States has left the 27 at a loss with a war in the east of the continent.
The EU’s Commissioner for Communities, Margrethe Vestager, believes the meeting has been fruitful: “I think we have reached a remarkable agreement on semiconductors, how to avoid new shortages, how to make sure that our Have a holistic view of what’s to come.” come, but also about transparency and subsidies”.
Representative of US Diplomacy Antony Blinken has also underlined the good progress of the meeting.
“We have seen a very practical and positive work in these three sessions, especially in those we mentioned: on convergence in export controls, a mechanism that proved very powerful in the face of Russia’s aggression against Ukraine. against; Having secure supply chains, especially for semiconductors; Convergence in investment control mechanisms, both inward and outward; Convergence in dealing with non-commercial practices of some countries In each of these areas, this TTC association has become practical and concrete Progress is being made.”
The Trade and Technology Council seeks to strengthen cooperation on both sides of the Atlantic. Besides the Russian invasion of Ukraine, the challenge of Chinese economic policies has also been on the table.