The EU-US Trade and Technology Council (TTC) convened for its fourth meeting in Luleå, Sweden, on May 30-31, with Sweden holding the Presidency of the Council of the EU. Luleå, situated in Sweden’s Arctic region, was chosen as the venue to showcase Swedish innovations in the green and industrial transitions.
Highlighting the importance of transatlantic cooperation, Swedish Deputy Prime Minister and Minister for Energy, Business, and Industry, Ebba Busch, emphasized the significance of joint solutions in navigating the current security situation, promoting green and digital transitions, and strengthening the friendship between nations. The establishment of common standards and solutions for artificial intelligence (AI), 6G technology, and green technologies can foster increased trade, enhanced competitiveness, and the creation of green jobs on both sides of the Atlantic.
One of the key highlights of the meeting was a site visit to the Hydrogen Breakthrough Ironmaking Technology (HYBRIT) plant located outside Luleå. HYBRIT aims to revolutionize the iron and steel industries by producing fossil-free steel, showcasing Sweden’s commitment to sustainable and eco-friendly practices.
The meeting agenda also included a CEO-level discussion on global connectivity infrastructure and transatlantic collaboration in developing 6G technology. Additionally, participants engaged in talks regarding the role of social dialogue in accelerating the green and digital transitions, recognizing the importance of inclusive approaches.
Swedish Minister for International Development Cooperation and Foreign Trade, Johan Forssell, emphasized the significance of the TTC as the primary forum for enhancing EU-US trade relations. By promoting joint strategies and standards for green and digital transitions, as well as advancements in AI, cybersecurity, and 5G/6G technologies, the TTC bolsters EU competitiveness.
The event concluded with a stakeholder dialogue on AI and the green transition, involving representatives from the business community and civil society. Sweden reaffirmed its commitment to transatlantic cooperation, recognizing the United States as an indispensable partner for Europe’s economic prosperity, safety, security, and defense, particularly given the current security environment.
The EU-US Trade and Technology Council meeting in Luleå emphasized Sweden’s dedication to fostering a green transatlantic marketplace. By leveraging innovative solutions, joint strategies, and standardized approaches, Sweden aims to strengthen economic ties and promote sustainable development across the Atlantic region.