September 15, 2020

BRUSSELS – In new comments submitted to the European Commission in response to its Consultation Note, A renewed trade policy for a stronger Europe,” global tech trade association ITI recommended that the European Union (EU) advance a modern trade policy that places both digital trade and other ICT- and innovation-promoting policies at the heart of its new trade strategy and recognises the critical role that multilateralism and open markets play in innovation, economic growth, and global leadership.

ITI notes in its comments the key role that trade policy plays in harnessing the benefits of technology and innovation for the European economy, and continues to strongly advocate for structured, transatlantic dialogue on technology and trade that promotes transparent, compatible approaches to digital policy at the global level.

“As the economy becomes increasingly globalised and digitalised, we encourage the EU to further embrace openness as a key driver of innovation. The European Commission […] has an essential role to play in ensuring that ideas around technological sovereignty are implemented in ways that are compatible with Europe’s longstanding commitments to multilateralism and open markets, and are not based on the false premise that excluding or otherwise treating foreign entities differently will strengthen Europe’s technological autonomy. When strengthening European capabilities, EU Institutions and Member State governments are best served by working with partners—regardless of where they are headquartered—that have strong commitments to Europe; have invested in European talent and data center capacity to help Europe be successful; and have displayed their trustworthiness, data stewardship, and security in Europe for decades,” ITI wrote in its comments.

ITI’s comments highlight opportunities for advancing the leadership of European Institutions in areas including digital trade; taxation; regulatory compatibility and technical barriers to trade; services and goods market access; customs and trade facilitation; and export controls.

Read the full comment submission here.

Public Policy Tags: Trade & Investment