Greece, US Sign Economic Security Declaration in Athens

Greece and United States on Friday signed a joint declaration in Athens focusing on economic security, capping off a whirlwind 6th Transatlantic Partnership for Energy Cooperation (P-TEC) in the Greek capital that witnessed a handful of major energy-related deals and agreements.

According to a press release, both sides affirmed their commitment to “jointly pursue multilayered partnerships that strengthen supply chain security, address coercive dependencies and single-points of failure, and advance the adoption of trusted technology ecosystems.”

The declaration was signed by Under Secretary of State for Economic Affairs Jacob Helberg, new US ambassador to Greece Kimberly Guilfoyle and Greece’s Deputy Foreign Affairs Minister, Haris Theoharis.

In statements afterwards, Helberg said that “…American allies around the world are seeking to shore up the security of their supply chains while seizing the economic opportunities of the AI revolution. American partners know that prosperity will flow through all levels of the AI supply chain. As the birthplace of the AI revolution, America stands as an indispensable partner, ready to embrace its friends in the pursuit of a better tomorrow. Through this landmark Declaration, the United States and Greece will pursue flagship projects that will define the AI economy for decades.”

The key points in the declaration call for:

• Strengthen trusted supply chains essential to shared economic security and growth.
• Advance trustworthy AI systems that manage early AI development responsibly.
• Mobilize private-sector leadership to deliver flagship projects and high-quality jobs.
• Protect sensitive technologies and critical infrastructure from undue access or control by countries of concern.
• Preserve a level playing field by coordinating responses to state-backed overcapacity and unfair dumping.
• Build trusted information networks, including ICT systems, fiber-optic cables, and data centers.
• Foster an open, predictable investment climate that enables international commerce.