Oct 19, 2023

U.S.-EU Summit Joint Statement: An Opportunity to Boost Transatlantic Cooperation

On Friday, 20 October 2023, U.S. and EU leaders convened in Washington, DC, for the second U.S.-EU Summit under the current Administrations. This was an opportunity to solidify an ambitious transatlantic agenda after both sides intensified their cooperation over the last few years, not least through the Trade and Technology Council. The meeting took place amidst geopolitical tensions that further highlight the need for U.S.-EU leadership.

The American Chamber of Commerce to the EU (AmCham EU) urged President Biden, President Michel and President von der Leyen to use the summit as an opportunity to reiterate their strong commitment to the world’s largest and deepest relationship and the importance of transatlantic collaboration in strategic sectors. Three priorities deserve particular focus: finding a longstanding solution to the steel and aluminium tariff dispute and establish a Global Arrangement on Sustainable Steel and Aluminium (GSA); diversifying and strengthening critical mineral supply chains; and reaffirming their unwavering support for Ukraine.

The White House released a summary of the topics covered during the summit, including a discussion on enhancing U.S.-EU Economic Cooperation.

The United States and the European Union are committed to strengthening the transatlantic marketplace to support decent jobs and economic opportunities with an emphasis on mutually beneficial resilience and sustainability of our supply chains. We will advance the implementation of the Transatlantic Initiative on Sustainable Trade focusing on facilitating mutually beneficial trade across the Atlantic of products and technologies that underpin the transition to a climate-neutral economy.

This Joint Statement is not just about the U.S. and the EU; it’s about all of us working together for a better future. The strength of this transatlantic partnership is a testament to what can be achieved when nations collaborate with shared values and a vision for a brighter tomorrow.

Read the full statement here.