The EU needs an ambitious trade agenda to support its international competitiveness. We need more and better access to key raw materials and more export opportunities for our companies to and from fast growing markets. Trade agreements are key in our diversification and risk mitigation efforts and therefore we need to speed up ratification of concluded agreements. Despite the current challenges the transatlantic relationship remains fundamental. We need to address current irritants including those created by the U.S. Inflation Reduction Act and continue to engage through the Trade and Technology Council to move our relationship further. These were some of the topics discussed at a meeting between BusinessEurope President Fredrik Persson, Director General Markus J. Beyrer and European Commission Executive Vice-President Valdis Dombrovskis.
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