Apr 12, 2024

AmCham’s Transatlantic Summit Draws Top Executives

On April 11, more than 100 business leaders gathered at Microsoft’s Danish headquarters in Lyngby for AmCham’s 2024 Transatlantic Summit.

U.S. Ambassador, Alan Leventhal kicked off the Summit and spoke about the importance of the transatlantic economic partnership in these times of geopolitical uncertainty. He also highlighted the contribution that Denmark is making on the global stage – reminding participants that Denmark’s importance in the world should not be qualified by its size.

Lars Fruergaard Jørgensen, CEO of Europe’s largest company, Novo Nordisk, then talked about Novo Nordisk’s success in the U.S., which is in a high degree due to the strong U.S. innovation ecosystem. He also underlined the need for the EU to learn from the U.S. in order to increase European competitiveness and encourage future investments in R&D and innovation.

Microsoft Denmark’s CEO Mette Kaagaard along with Policy Director Mikael Ekman rounded out the program by highlighting how digitalization and innovation is critical to enabling the $8,7 trillion EU-U.S. economic relationship. Especially in the area of AI development, the EU needs to stop trying to invest in ‘catching-up’ and instead ‘lean-in’ to create more positive regulation around these new technologies in order to spur future innovation and growth.

New Report
During the summit, AmCham’s Stephen Brugger presented highlights from the 2024 Transatlantic Economy 2024 report, which was commissioned by AmCham EU and the U.S. Chamber of Commerce – and sponsored in part by AmCham Denmark.

The new report concludes that $8.7 trillion transatlantic economy is growing – and proving to be remarkably resilient in the face of global economic and strategic disruption. Brugger remarked, “The facts are clear:  No other two regions in the world are as deeply integrated as the U.S. and Europe.

>>Read about The Transatlantic Economy 2024