On September 20, 2010, the European Institute welcomed The Honorable Eamon Ryan T.D., Minister for Communications, Energy, and Natural Resources of the Republic of Ireland. In a comprehensive presentation on Harnessing the Knowledge and Green Economies for Sustainable Growth, Minister Ryan began by addressing the Ireland’s current debt crisis and the government’s efforts to reduce the budget deficit to 3% of GDP in five years and to achieve more that 4% growth by 2012. Central to these efforts is investment and trade in the energy and ICT sectors, which Minister Ryan argues are key components for sustainable economic growth. As examples, he cited Ireland’s implementation of a National Retrofit Program to deliver energy efficiency upgrades and ongoing efforts to draw upon such plentiful renewable energy resources as wind. Minister Ryan stressed the importance of similar priorities in the European Union and emphasized the need for a common energy market within the EU, a single European digital market, and freer global technology transfer between the U.S., Europe, and Asia.
The Obama administration has started to deliver its promised new system of export controls on military-related technology. The goal of the reform is, as officials put it, “to build a higher fence around fewer, truly sensitive items.”
The European Institute held a meeting with The Honorable Máire Geoghegan-Quinn, European Commissioner for Research, Innovation and Science and The Honorable Bart Gordon, Chairman of the Science and Technology Committee in the U.S. House of Representatives to discuss the pivotal roles that research and innovation play in spurring sustainable economic growth and job creation. The first Commissioner responsible for Innovation, Commissioner Geoghegan-Quinn emphatically stressed the importance of greater transatlantic cooperation, saying that the case for collaboration in research and innovation has never been greater. A new European Research and Innovation Strategy will be formulated by this fall, and will seek to encourage both private investment and public-private initiatives to meet the 3% of GDP target for R&D. Chairman Gordon, author of the America COMPETES Act, which must be re-authorized this year, echoed the importance of increased investment in research and development in the U.S. within the next ten years, as well as the need for greater international cooperation. Both Commissioner Geoghegan-Quinn and Chairman Gordon agreed that increased transatlantic cooperation is not only important to the development of their respective research and innovation agendas, but central to the transatlantic partnership’s ability to shape the future of global R&D. The discussion was moderated by Dr. Michael Nelson, Visiting Professor of Internet Studies at Georgetown University.
The European Institute hosted The Honorable Eric Hirschhorn, U.S. Under Secretary of Commerce for Industry and Security, who discussed the challenges facing the implementation of President Obama’s export control initiative and the implications for the transatlantic trade relationship. Under Secretary Hirschhorn said that the President’s initiative will not only streamline export control processes but will also cut the number of items protected by current controls and require licenses for fewer components. The Under Secretary emphasized that the reforms under consideration should not place any additional legal burden on U.S. companies, and that the Administration's goal is to make the process less cumbersome and more hospitable to growing the export market. Under Secretary Hirschhorn remained hopeful that the U.S. Congress would take up the export control legislation this year, or at the latest, early next year.
Click here to read the full text of Under Secretary Hirschhorn's remarks.
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