Implementation Dialogue on EU-US investment relations

Business leaders from across industry sectors active in various EU Member States will meet with EU Trade and Economic Security Commissioner Maroš Šefčovič, US Commerce Secretary Howard Lutnick, and United States Trade Representative Jamieson Greer as part of an Implementation Dialogue dedicated to EU-US investment. Representatives of the European Parliament and the Council will also be invited to join the meeting.  

On this occasion, business leaders will receive an update on transatlantic trade and investment relations and offer their perspectives on how to strengthen mutual investment opportunities, supply chains, and strategic collaboration across the Atlantic. 

Participants will discuss the implementation of the Joint Statement on a United States-European Union framework on an agreement on reciprocal, fair and balanced trade, and its role in supporting the predictability and stability of the transatlantic trade and investment relationship. The discussion will be held under Chatham House rules.

Agenda

• Registration
• Welcome remarks by Commissioner Šefčovič, and remarks by MEP Bernd Lange (Chair of the European Parliament's Committee on International Trade)
• Remarks by US Secretary of Commerce Howard Lutnick and United States Trade Representative Jamieson Greer   
• Additional framing remarks
• Exchange with EU business leaders and reactions from principals
• Conclusion of the meeting by Commissioner Šefčovič 

Registration

This event is by invitation only. 

Background

The EU-US partnership is the most significant trade and investment relationship in the world. The relationship is worth €1.68 trillion in trade in goods and services, representing 30% of global trade. Moreover, EU and US business communities are heavily invested on both sides. EU and US firms have €4.7 trillion worth of investment in each other's markets (2023 figures). 

On 27 July 2025, the EU and the US reached a political agreement on tariffs and trade. This important first step was followed by a Joint Statement issued on 21 August 2025, confirming and building on what was agreed in July. Both sides are now working to take forward the implementation of the Joint Statement. 

In this context, Commissioner Maroš Šefčovič's second implementation dialogue of 2025 is dedicated to the implementation of the Joint Statement, and its role in supporting predictability and stability of the EU-US investment relationship. 

Summary conclusions 

The Implementation Dialogue on EU-US investment relations was held in Brussels on 24 November 2025. It was an opportunity for European industry representatives to engage with Commissioner Šefčovič, US Commerce Secretary Howard Lutnick, US Trade Representative Jamieson Greer, and MEP Bernd Lange, chair of the European Parliamentary Committee for International Trade, on the potential for growth of transatlantic investments in light of the implementation of the EU-US Joint Statement issued on 21 August 2025.

The discussion reflected the importance of transatlantic trade and investment, as businesses shared their views on opportunities and challenges to advance investments across the Atlantic. 

The exchange showed widespread support for the EU-US Joint Statement as a source of stability and predictability for the business community and highlighted the need to further advance its implementation across the areas covered. 

Among others, business stakeholders stressed the need to stabilise and deepen EU-US trade, strengthen supply chains, further cooperate on economic security-related issues, reduce US tariffs and associated administrative burdens for key sectors, and swiftly advance the EU’s ongoing simplification agenda to attract investments. The potential benefits of closer EU-US cooperation on common standards and stable regulatory environments were also highlighted by the participants.

The principals agreed on the importance of the continued mutual efforts to advance investments and shared their commitment to implement the EU-US Joint Statement by continuing the close cooperation on the various areas of interest to the EU and the United States.

Participants

The following sectors were represented and took the floor, in addition to the European Roundtable for Industry and Business Europe representatives: 

• Automotive (BMW, Mercedes-Benz Group);
• materials and construction (Ferrovial, SSAB, TITAN S.A., UPM);
• innovation and healthcare (Boehringer Ingelheim, Carl Zeiss, Fresenius, Philips);
• retail and consumer goods (IKEA, LVMH);
• logistics (DHL);
• tech and telecom (NOKIA), and;
• energy and renewables (ENGIE, Iberdrola, Mol Group, Ørsted).