The United States and the European Union issued a joint statement after the first meeting of the Trade and Technology Committee (TTC) on Wednesday (29th), agreeing to jointly formulate rules and standards for key technologies, coordinate methods to deal with key trade issues, and jointly improve the semiconductor supply chain , And is committed to strengthening the competitiveness of emerging technologies.
The two major economies of the United States and Europe will cooperate in areas such as potentially hostile foreign investment, export controls, protection of sensitive technology and data, and ensuring the security of the semiconductor supply chain. In addition, the two sides will develop AI systems that protect privacy and human rights.
The statement stated that the two parties in the semiconductor cooperation will improve the transparency and communication of the semiconductor supply chain, and jointly clarify the gaps, weaknesses and opportunities in order to strengthen their respective semiconductor research, development and manufacturing.
However, the scope of the discussion at the meeting was reduced, and in the end only European governments focused on short-term supply chain bottlenecks. The initial focus may be on this topic, and long-term planning will be further studied in the future.
Although the statement did not directly specify China, many of the issues on the agenda of the meeting appeared to be directed at the Beijing authorities, such as trade distortions, human rights and technology, and non-market policies.
The representatives of the United States at the meeting included Secretary of State Antony Blinken, Secretary of Commerce Gina Raimondo and Trade Representative Katherine Tai. The European Union was represented by Valdis Dombrovskis and Margrethe Vestager, Vice-Presidents of the Executive Committee for Trade and Digital.
Dumbrovskis said that TTC will work together to deal with sensitive technology to ensure that it will not fall into the wrong hands, protect the economy and the company from high-risk investments, and control sensitive technology in the future.
The conference will set up groups in 10 areas in the next few years, including technology standards, climate, green energy, data management and technology platforms, and technology abuse. The next meeting is expected to be held next spring. Karen Kornbluh, director of the German Marshall Fund, said such cooperation would be a win-win situation.
