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EU says U.S. commerce, tech council to boost its clout, set rules for 21st century

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BRUSSELS, Sept 26 (Reuters) – The U.S.-EU Trade and Technology Council (TTC) will give Europe extra clout and set requirements and rules for the 21st century, the EU’s commerce and digital chiefs mentioned, underscoring world considerations about China’s rising energy.

The feedback by Valdis Dombrovskis and Margrethe Vestager got here forward of the primary TTC assembly in Pittsburgh on Wednesday and because the United States and Europe face off with China in areas starting from commerce to defence to know-how and human rights.

“There is real strategic and geopolitical importance to this new platform as a way in setting standards and rules for the 21st century. So we need this Council to amplify our status,” Dombrovskis advised reporters.

Dombrovskis insisted, nonetheless, that the platform was not focused at any explicit nation.

“TTC is not about any specific third country, it is about cooperation and coordination on a number of policy areas between the United States and the EU,” he mentioned.

The Council’s 10 working teams will give attention to know-how requirements, inexperienced know-how, supply-chain safety, information governance, export controls, funding screening and world commerce points, amongst others.

All these areas are key for the EU, Vestager mentioned.

“What we have achieved is a package that covers, I think, both offensive and defensive interests,” she advised reporters.

Dombrovskis mentioned French fury at Australia’s choice to scrap a $40 billion submarine deal for one with the United States and Britain mustn’t deflect the EU from its long-term pursuits.

“We are allies, partners and friends, and yes friends can easily from time to time make mistakes and we have seen this in recent weeks, but we knew this issue should not cloud our judgment on our strategic alliances,” he mentioned.

U.S. Secretary of State Antony Blinken, Commerce Secretary Gina Raimondo and Trade Representative Katherine Tai would be the co-chairs of the assembly with Dombrovskis and Vestager.

The EU hopes to maintain a second assembly subsequent spring in Belgium.

Reporting by Foo Yun Chee; Editing by Catherine Evans

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