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Thursday, April 22

JMintheUS:Developing Transatlantic Digital Trade: What are the obstacles
11:00 am
Sponsored by:
European Studies Center along with Center for European Union, Transatlantic, and Trans-European Space Studies (CEUTTSS) and Virginia Tech

Thursday, April 22, 2021, 11:00 AM – 12:30 PM EST for this event on Digital Trade and Taxation held jointly by the Center for European Union, Transatlantic, and Trans-European Space Studies and the European Parliament Liaison Office, Washington DC.

Andreas Schwab (Germany-EPP), Member of European Parliament, will open the event with a short keynote address. The subsequent panel, moderated by Besnik Pula (CEUTTSS), will will address the ways in which the rise of the digital economy has generated new questions over the governance of transatlantic trade. It features Benjamin Angel, European Commission, TAXUD; Francesco Duina, Bates College & Jean Monnet Network on Transatlantic Trade Politics; and Urška Petrovčič, of the Hudson Institute.

Digital services, e-commerce, and other technology-intensive trade in services have become critical drivers of international trade in recent decades, with
digital services assuming even greater importance to economies across the world in the Covid era. In addition to more familiar questions of data security
and privacy, the digital economy is also presenting challenges to other areas of international economic relations and governance. National differences over
taxation of digital services are also producing confrontation over competition for innovation and international market access by technology firms.
Nowhere have these issues emerged more strongly than in trade and economic relations between the United States and the European Union. In 2017, US
digital services exports amounted to over $400 billion, estimated to directly and indirectly support over 1.4 million American jobs. The EU is one of the top markets for US digital exports as well as the largest provider of digital services to the US economy. The great importance of transatlantic digital trade to the US and the EU has generated a number of critical policy issues in bilateral
economic relations, such as questions of data privacy and security, the regulation of business cross-border activities of digital service providers, and the taxation of digital services. Questions of data regulation and taxation have spilled over into issues of competition and innovation and market access for firms on both sides of the Atlantic.