#US-EUTradeAgreement
The US-EU Trade Agreement refers to various trade deals and negotiations between the United States and the European Union. Some key aspects include:
Transatlantic Economic Council (TEC): A forum for cooperation on economic issues, including trade, investment, and regulatory policies.
Trade and Technology Council (TTC) : A platform for cooperation on trade, technology, and economic issues, focusing on areas like digital trade, supply chains, and sustainability.
Specific agreements: The US and EU have agreements on various sectors, such as:
Aerospace and defense
Automotive
Chemical regulations
Financial services
Ongoing negotiations: The US and EU have been working on various trade initiatives, including reducing tariffs and improving market access.
The US-EU trade relationship is significant, with bilateral trade in goods and services exceeding $1 trillion annually. Both sides aim to strengthen economic ties, promote fair competition, and address trade barriers.