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The US-EU Trade and Technology Council is still in search of a role
Technology

The US-EU Trade and Technology Council is still in search of a role

The U.S.-EU Trade and Technology Council (TTC) had its first birthday this September, but its ultimate role and importance still remain uncertain. The Biden administration has touted this initiative alongside the Indo-Pacific Economic Framework (IPEF) as examples of a new trade vision that goes beyond market liberalization and formal trade commitments. Yet neither the TTC nor the IPEF is concrete evidence of a novel, coherent regional trade regime. And both the IPEF and the TTC are haunted by the negotiating failures of the Obama era, fully enforceable Transatlantic Trade and Investment Partnership and the original Trans-Pacific Partnership . To review briefly, the TTC is a multiheaded council, with the U.S. trade representative, Department of State, and Department of Comme...