June 08, 2021

WASHINGTON — Today, global tech trade association ITI called on U.S. and European Union leaders to use the upcoming Transatlantic Leaders’ Summit to enhance transatlantic cooperation on key digital policy issues by establishing an EU-U.S. Trade & Technology Council, ensuring the stability and reliability of transatlantic data flows and privacy, and supporting transatlantic leadership in multilateral forums including the World Trade Organization (WTO) and Organisation for Economic Co-operation and Development (OECD).

As U.S. and EU leaders meet in Brussels next week, we urge them to take substantive steps toward increased transatlantic cooperation on the digital policy priorities we have outlined, as these are vital for shared economic growth and recovery from the COVID-19 pandemic,” said Rob Strayer, ITI Executive Vice President of Policy ahead of the Summit taking place on June 14-15.Our industry looks forward to being a partner as the U.S. and EU chart a path for sustainable, values-driven global leadership in the 21st century economy."

ITI’s recommendations call on the U.S. and EU to:

  • Establish an outcome-oriented Trade & Technology Council premised on non-discrimination and international regulatory compatibility. Such a forum should be used to discuss key digital policy issues, including competition, data governance, artificial intelligence, taxation, digital trade, subsidies, cybersecurity, and platform policy. It should also increase cooperation on research, development, and deployment for technologies like semiconductors and trusted 5G network equipment.

  • Ensure the stability and reliability of transatlantic data flows, including robust privacy commitments that address the CJEU’s judgment in Schrems II.

  • Assert transatlantic leadership in multilateral forums by promoting the OECD Trusted Government Access to Data held by the Private Sector workstream, pursuing alignment in key areas of engagement at the WTO, and advancing a multilateral solution and the removal of unilateral tax measures through the OECD/G20 Inclusive Framework’s efforts to address the tax challenges arising from the digitalization of the global economy.

ITI has long supported the establishment of a transatlantic trade and technology council. Today’s priorities document builds on ITI’s September 2020 response to the EU’s Trade Policy Review, its December 2020 public statement calling for a forum to enhance bilateral cooperation and prevent the emergence of market access barriers, andspecific recommendations forthe creation of a Trade & Technology Council published earlier this year.

Public Policy Tags: Trade & Investment, Tax Policy, Data & Privacy