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Apr 3, 2025 4:52 pm
Global Media Network
US and Greece Sign Economic Security Declaration
The United States and Greece have signed a major Economic Security Declaration in Athens, pledging to expand cooperation in technology, trade, and economic resilience. The agreement highlights a shared commitment to strengthening global supply chains and building secure, innovative economies. The declaration was signed by Greek Deputy Foreign Minister Haris Theocharis, U.S. Undersecretary of State for Economic Affairs Jacob Helberg, and U.S. Ambassador to Greece Kimberly Guilfoyle. The signing ceremony took place at the Greek Foreign Ministry, symbolizing what both sides described as “a new chapter” in their strategic economic partnership. According to the U.S. Embassy in Greece, the initiative aligns with President Donald Trump’s broader vision for a “new era of economic diplomacy.” The approach aims to strengthen peace and stability through private investment, entrepreneurship, and closer economic cooperation between trusted allies. The US Greece Economic Security Declaration focuses on three main goals: securing supply chains, reducing economic dependencies, and advancing technological ecosystems built on shared democratic values. Both nations plan to support private and public partnerships that promote innovation, with an emphasis on artificial intelligence, clean energy, and digital transformation. Jacob Helberg, the U.S. Undersecretary of State for Economic Affairs, described the declaration as “historic.” He noted that the global economy is undergoing rapid change due to emerging technologies such as artificial intelligence, and countries must adapt to ensure their industries remain secure and competitive. “Allies around the world are seeking ways to safeguard their supply chains while harnessing the opportunities created by the AI revolution,” Helberg said. “The United States and Greece are ready to lead this transformation together. We are confident that this partnership will deliver landmark projects shaping the AI-driven economy for decades to come.” Ambassador Kimberly Guilfoyle emphasized the strategic importance of choosing Greece as the starting point for the initiative. “It is no coincidence that Greece was chosen to launch this initiative,” she said. “It reflects our shared commitment to trustworthy technology and innovation-based economies. The United States and Greece proudly commit to keeping their supply chains—and the economies they sustain—secure and resilient, today and in the future.” Greek Deputy Foreign Minister Haris Theocharis expressed optimism about the partnership’s long-term benefits. He said that Greece’s strategic location, growing technology sector, and expanding logistics infrastructure make it an ideal partner for the U.S. in advancing supply chain security across Europe and the Mediterranean. “The declaration will help attract new investment and position Greece as a hub for reliable, future-oriented industries,” Theocharis said. “It’s about building a bridge between two economies that share the same principles of openness, trust, and innovation.” Economic experts note that the agreement also supports broader transatlantic goals of diversifying trade routes and reducing reliance on unstable regions. By promoting joint projects in areas such as AI research, renewable energy, and digital trade, both countries aim to build stronger, more resilient economies capable of facing future global disruptions. The US Greece Economic Security Declaration comes at a time of shifting global economic priorities. Nations are increasingly focused on securing critical technologies, reducing dependence on single suppliers, and promoting sustainable growth. The declaration underscores the U.S. commitment to working with allies that share democratic values and transparent economic practices. Officials from both sides confirmed that follow-up meetings and technical working groups will be established to turn the declaration’s goals into concrete actions. These will include partnerships between research institutions, startup incubators, and private investors to support innovation-led growth. Helberg concluded that the declaration marks “not just a diplomatic agreement, but a vision for the future.” He said that both nations are determined to make the agreement a model for how like-minded partners can build secure and sustainable economic systems in an age of rapid technological change. The signing in Athens represents another milestone in U.S.-Greek relations, which have grown steadily in recent years. With this new declaration, both governments are positioning themselves as leaders in shaping a global economy based on cooperation, resilience, and innovation.
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