The European Commission and the US Government, under the framework of the Transatlantic Economic Council (TEC), have agreed on a set of ten fundamental principles for trade in information and communication technology (ICT) services. The EU and the US, in cooperation with other countries, will promote these principles worldwide in order to support the global development of ICT networks & services and allow service providers to compete for contracts with local incumbents on an equal footing. European Commission Vice-President for the Digital Agenda Neelie Kroes and EU Trade Commissioner Karel De Gucht welcomed these principles as an important milestone in implementing the Commission's Future Trade Policy Communication and Europe's Digital Agenda.