Third EU-US TTC Meeting Date Announced
The U.S.-EU Trade and Technology Council will next meet on Dec. 5. The two sides announced this week. The council’s third meeting will be held in the Washington, D.C., area and comes after the second meeting, held in May in Paris, where the two sides agreed to several export control and investment screening initiatives (see 2205160033).
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European Commission Executive Vice Presidents Valdis Dombrovskis and Margrethe Vestager also talked with the U.S. trade representative, commerce secretary and secretary of state about the electric vehicle provisions in the Inflation Reduction Act in the same call on which they talked about the agenda for the next TTC meeting. Those provisions limit tax credits to vehicles built in North America, and also are tied to where battery inputs come from. Battery inputs from the EU do not count towards the requirements. The U.S. readout in the Oct. 24 call said the two sides agreed on "the need to continue engagement on this important issue."