The European Commission and the U.S. Government, under the framework of the
Transatlantic Economic Council (TEC), have agreed on a set of 10 fundamental principles for trade in information and communication technology (ICT) services. The EU and the US, in cooperation with other countries, will promote these principles worldwide in order to support the global development of ICT networks and services and allow service providers to compete for contracts with local incumbents on an equal footing.