""Tech News"" – Google News
US-Europe opening agreement to deepen cooperation on chip supply, big tech rules and trade with China
The United States and the European Union reached an initial deal on technology and trade in the years to come.
At a meeting on Wednesday at a robotics and AI technology development center in Pittsburgh (on the site of a former steel mill), the United States and the European Union agreed to deepen transatlantic cooperation to strengthen the supply chains for chips and Curb market trading practices and take a more unified approach to regulating global technology companies.
The White House announced that the meeting was attended by US Secretary of State Antony Blinken, US Secretary of Commerce Gina Raimondo, US Trade Representative Katherine Tai and, on the other hand, Executive Vice Presidents of the European Commission Margrethe Vestager and Valdis Dombrovskis.
At the meeting, a new forum called the US-EU Trade and Technology Council (TTC) was launched.
“We support the continuous growth of technology, economic and trade relations between the US and the EU, as well as cooperation in addressing global challenges,” said the forum.
“We intend to work together to foster shared economic growth that will benefit workers on both sides of the Atlantic, develop transatlantic trade and investment links, tackle the climate crisis, protect the environment, promote labor rights, child and forced labor to combat, to build resilience. “and sustainable supply chains as well as the expansion of cooperation on critical and emerging technologies.”
The two sides are also committed to working together on investment screening for “export controls” for sensitive dual-use technologies and the development of artificial intelligence (AI).
While the forum did not specifically mention China, there is no doubt that it was said, along the lines of the forum, on the challenges of world trade: “We stand together to continue to protect our businesses, consumers and workers from unfair trade practices. especially those raised by non-market economies that undermine the world trading system. “
The meeting and opening agreement survived an attempt by France to derail it over French anger over the AUKUS alliance, where the US, UK and Australia agree to cooperate on defense and security issues.
With this agreement, the UK and US agreed for the first time to share their nuclear submarine technology with Australia so it could build a fleet of at least eight nuclear attack class submarines to counter the growing threat posed by China.
As part of that deal, Australia halted an inflated budget and delayed a $ 90 billion contract with France to supply Australia with 12 conventionally powered submarines.
In the AUKUS announcement, the UK and US also agreed to share their expertise in cyber, AI and even quantum computing with Australia.
In the future, the new US / EU forum has set up 10 working groups to deepen cooperation in several areas, including climate change, security and the misuse of technology to suppress human rights.
There is opposition to this new forum from certain trade groups in the United States who are concerned that the US government will take a more European approach to technology regulation.