It’s been a while since we spoke about the War in Ukraine, but it’s important to remember the war’s events are still unfolding across the world. The most recent impact the war may have will be on an international trade talk called the “TTC” which takes place between the US and EU. Launched just recently in 2021, the TTC serves as a forum for discussion between the United States and the European Union for the purpose of coordinating trade, economic, and technology issues.
This year France is hosting this second meeting as part of the French Presidency of the Council of the European Union. The talk will hold more than the usual set of discussion points, with the global fallout from the Russian invasion of Ukraine taking priority. The council will work together to coordinate export controls and sanctions against Moscow. The statement from the meeting specifically mentions a plan to “enhance their cooperation” and information exchange on dual-use technologies and export controls. Moreover, they’ve said: “We already had a working structure in place at the TTC, lots of contacts and members in the working groups in the EU and the US were already working together when Russia invaded Ukraine, so it was easy for us to change track and help target Russian trade and technology.” What do you think about the TTC talks? And will they accomplish their goal?
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.