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U.S. and the EU met as part of their annual Transatlantic Economic Council (TEC)

Transatlantic Economic Council Joint Statement

The United States and the European Union met today as part of their annual Transatlantic Economic Council (TEC) to advance the U.S.-EU economic relationship and mutual growth and job creation. The TEC focused specifically on the roles that regulatory cooperation and innovation can play in reducing barriers to trade and improving economic growth in the two economies. The meetings today were co-chaired by Deputy National Security Advisor for International Economic Affairs Mike Froman and EU Trade Commissioner Karel De Gucht. Attending for the U.S. were Commerce Secretary Gary Locke, Health and Human Services Secretary Kathleen Sebelius, U.S. Trade Representative Ron Kirk, FDA Administrator Margaret Hamburg, Department of Energy Deputy Secretary Dan Poneman, Office of Information and Regulatory Affairs Administrator Cass Sunstein, and White House Office of Science and Technology Policy John Holdren, along with representatives from the State Department, the Consumer Product Safety Commission, and Customs and Border Protection.

Founded in 2007, the TEC brings together senior policy makers and regulators from both sides of the Atlantic to focus on deepening our transatlantic relationship to promote innovation, addressing non-tariff barriers to trade through increased regulatory cooperation, and jointly exploring global economic competitiveness issues.

Attached is the Joint Statement issued at the close of today’s meeting.

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