The US Trade Representative Katherine Tai highlighted the transformative potential of green technology, advanced manufacturing, and computing on the global economy during the Atlantic Council “Front Page” event on June 3. Speaking at the Atlantic Council’s headquarters in DC, Tai emphasized the need for the United States and the European Union to adapt their trade relationships to capitalize on current technological advancements.
Tai pointed out that the rapid pace of technological change presents both opportunities and challenges for global economic growth. “We are at a critical juncture where technological advancements can drive sustainable economic growth, but only if we adapt our trade policies accordingly,” she said. Tai cited specific examples such as the transition to renewable energy sources and the development of smart manufacturing techniques, which have the potential to reduce environmental impact and increase efficiency.
The event, which marked the eightieth anniversary of the Bretton Woods system, focused on how these technologies could be harnessed to create a more sustainable and prosperous future. Tai called for increased cooperation between the US and EU to develop and implement policies that promote innovation and address the environmental impacts of economic activities.
She also noted that the integration of new technologies into the economy requires a forward-thinking approach to trade policy. “Our trade policies must be flexible and adaptive to keep pace with technological advancements,” Tai stated, highlighting the importance of investing in research and development to maintain a competitive edge. She stressed that such investments would ensure that both the US and EU remain leaders in technological innovation and economic growth.
