New U.S.-Greek Science Technology Agreement Sets Framework For Bilateral Relationship And Economy



Christos Makridis | Forbes

The new science and technology agreement between the United States and Greece strengthens intellectual property rights and creates a framework for further partnership over science and technology issues. Already, technology companies are expanding their presence into Greece. The agreement shows how smart public policy can help countries emerge out of a productivity slowdown.

On September 28, the U.S.-Greece Science and Technology Agreement was signed by U.S. Secretary of State Mike Pompeo and Greece’s Minister of Development and Investments Adonis Georgiadis, accompanied by U.S. Chief Technology Officer Michael Kratsios and Deputy Minister of Development and Investments Christos Dimas.

The agreement reflects a growing partnership between the two countries, particularly over the digital economy. These strengthened relationship comes at an especially timely moment as Turkey threatens the U.S. and other Western democracies and the U.S. embassy in Turkey braces for an attack. Ever since 2017, the Trump Administration has expressed an appreciation for bilateral deals that allow two countries to reach a consensus, rather than broader multi-lateral agreements that inevitably have carve outs. U.S.-Greece relations are perhaps stronger than ever before, further strengthened by the new S&T understanding.

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