Earlier this month, the European Commission adopted the Digital Single Market strategy, which aims to strengthen Europe’s role in a global economy increasingly driven by technology and innovation. Under this new policy framework, the European Union is focusing on improving access to digital goods and services across Europe; enabling digital networks and services to expand; and maximizing the growth of the digital economy.
The Digital Single Market strategy has raised questions about its impact on U.S.-EU trade and investment, especially with respect to cross-border data flows, data protection, standards development, and competition. These questions arise as both the United States and the EU strive to negotiate a new Transatlantic Trade and Investment Partnership (TTIP), which will further enhance what is already the most significant economic relationship in the world.
On May 28, the Brookings Global Economy and Development program and Center for Technology Innovation hosted European Commission Vice President Andrus Ansip, who oversees the Digital Single Market. Vice President Ansip is the former prime minister of Estonia.
Brookings Global Economy and Development Nonresident Senior Fellow Miriam Sapiro provided opening remarks after which Vice President Ansip addressed key elements of the EU’s digital economic strategy and their expected impact on transatlantic trade and investment. Brookings Ann R. and Andrew H. Tisch Distinguished Visiting Fellow Cameron F. Kerry moderated the discussion on how the Digital Single Market can lead to a stronger transatlantic digital economy.