The EU-U.S. Trade and Technology Council (TTC) was launched in September 2021 as a transatlantic platform to address key global trade, economic, and technological issues based on shared democratic values. At their second ministerial meeting in Paris on May 15-16 2022, the joint statement conclusions on investment screening note that the parties “have a shared view on the importance of establishing fully-fledged foreign investment screening mechanisms within their territories and beyond.” However, it remains unclear whether this means that both parties will also cooperate on outbound investment screening measures, which are not explicitly mentioned in the joined statement, but have gained prominence in the U.S. policy debate and are currently under consideration in Congress.

TTC Second Meeting (White House)

This question will be resolved as having occurred if the joint statement from the next TTC ministerial meeting in December 2022 explicitly mentions cooperation on outbound investment screening.

Further Reading