Last year’s launch of the Trade and Technology Council (TTC), established by the European Commission and the US government, marked a major milestone in strengthening transatlantic cooperation in artificial intelligence and advanced IT solutions. In the USA, the fast-growing technology company Orqa will present the European regulatory perspective closely related to the development of drones and AI and highlight the main challenges it faces in specific markets due to the differences between international laws.
“Technology innovators in Europe and the United States face several legislative obstacles to expanding their business abroad. Nevertheless, we intend to connect with key decision-makers and investors to harmonize national and international regulations, especially regarding the development and implementation of drones. Therefore, we are optimistic before leaving for Washington. We believe that we are on the right track to necessarily reduce differences between European and American laws that will bring many benefits for European startups eager to expand and all citizens,” said Srdjan Kovacevic. co-owner and CEO of Orqa.
The Trade and Technology Council (TTC) aims to establish new global trade standards for emerging technology, promote democratic values online and find ways for US and EU cooperation. The importance of this trip was also recognized by DIGITALEUROPE, which is actively committed to harmonizing American and European policy regulations to benefit promising technological innovators such as Orqa. Furthermore, it fosters a regulatory environment that allows European businesses and citizens to thrive through digital technologies.
“On behalf of 36,000 companies operating and investing in Europe and 96 corporations, DIGITALEUROPE calls on the EU Commission and US policymakers to deliver on the promises they have made to the Trade and Technology Council (TCC). The biggest barriers to proliferation that Orqa and many other European innovators face are differences in European and US laws that include compliance and protection of privacy and personal data. By setting common standards, the TCC can make a significant difference and contribute to harmonizing laws on both sides of the Atlantic,” explained Cecilia Bonefled-Dahl, Director General and Head of the DIGITALEUROPE Delegation.
Traveling to Washington to align US and European policy for the benefit of promising technology innovators such as Orqa is crucial for continued expansion inside and outside Europe, especially given that the EU and the US make up more than 40 percent of the global GDP.
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