The United States of America and the European Union are going to announce a new joint technology and trade initiative as a part of an effort by Joe Biden, President of the United States of America to rally the allies in Europe and to challenge the increasing influence of China.
The United States-European Union Trade and Technology Council is going to have three major goals, which includes promotion of the democratic values online, establishing ne global trade standards for the new and emerging technologies and to identify different ways for the US and European Union to collaborate on the cutting-edge research and development.
Jake Sullivan, national security advisor of US said, the result is going to that, only democracies and not any autocracies like China will be writing the rules for the trade and technology for the 21st century, and on the side of the United States, the trade council is going to be co-chaired by Gina Raimondo, Secretary of Commerce, Katherine Tai, Ambassador and Antony Blinken, Secretary of State, and the result of the council has been a digital economy and an internet that is going to be controlled by the state and reflects the political values.
Several other specific goals of the trade council generally include coordination of standards on the new and emerging technology like biotechnology, Artificial Intelligence and Quantum Computing, along with making the supply chains more resilient and less dependent on the country of China, coordinating with the regulations of the technology platforms and also pursuing the reforms at the World Trade Organization (WTO).
