The European Union and the United States announced the EU-US Trade and Technology Council (TTC) at their first summit in Brussels on 15 June 2021. The TTC served as a forum for the EU and the US to coordinate approaches to address key trade and technology issues, and to deepen transatlantic cooperation in this realm based on shared democratic values. The inaugural meeting of the TTC took place on 29 September 2021. Following the meeting, 10 working groups were set up covering issues such as standards, artificial intelligence.

The EU and the US have reaffirmed their close cooperation to address global trade and technology challenges in line with their shared commitment at the second Ministerial Meeting of the Trade and Technology Council (TTC) in Paris in 2022.

Key outcomes of the 2nd TTC Ministerial Meeting:

• Support to Ukraine
• Information integrity
• Trade and Labour Dialogue
• Export controls
• Secure supply chains
• Technology standards
• Artificial Intelligence
• SMEs access to technology
• Environmental and climate aspects of trade and technology
• Trade barriers

The EU and the US also reaffirmed their support for an open, global, interoperable, reliable and secure Internet, in line with the Declaration for the Future of the Internet and the declaration on European digital rights and principles. Moreover, the EU and US agreed to strengthen cooperation on key aspects of platform governance.