EU-US Trade and Technology Council envisions further transatlantic cooperation on platform governance

The second EU-US Trade and Technology Council (TTC) saw both sides supporting “an open, global, interoperable, reliable and secure Internet“. POLITICO obtained a final statement of the TTC working group on platform governance whereby the EU and the US aim to establish a “structured policy dialogue” to tame the dominance of Big Tech companies across the globe. The key message is to facilitate transatlantic coordination on regulations, enforcement, and policymaking to address competition in digital markets. The EU is putting the Digital Markets Act (DMA) to a vote this year. The US is working on outlawing abusive self-preferencing activities in the American Innovation and Choice Online bill (link) and anti-competitive actions on app stores in the Open App Markets Act.