US, EU to discuss global trade, tech cooperation at TTC

Top US and European Union (EU) officials will meet today to discuss economic and technological challenges facing the trans-Atlantic alliance. US secretary of state Antony Blinken, secretary of commerce Gina Raimondo and US trade representative Katherine Tai will represent their country at the inaugural US-EU Trade and Technology Council (TTC) in Pittsburgh, Pennsylvania.

President Joe Biden’s team will meet European Commission executive vice presidents Margrethe Vestager and Valdis Dombrovski.

The group aims to address trade disputes, streamline regulatory procedures and develop ‘rules of the road’ for emerging technologies on both sides of the Atlantic.

Top US and European Union (EU) officials will meet today to discuss economic and technological challenges facing the trans-Atlantic alliance.US secretary of state Antony Blinken, commerce secretary Gina Raimondo and trade representative Katherine Tai will represent their country at the inaugural US-EU Trade and Technology Council in Pittsburgh, Pennsylvania.

The TTC will reportedly focus on cooperation in technology standards, supply chain security, climate and green energy, information technology security and competitiveness, data governance, export controls, investment screening and global trade challenges.

Biden and Prime Ministers Scott Morrison of Australia and Boris Johnson of the United Kingdom announced a new trilateral security partnership aimed at strengthening and stabilising the South Pacific-Indian Ocean region.

As part of the deal, the US and the UK will assist Canberra in acquiring nuclear-powered submarines, which will allow Australia’s navy to help counter Chinese nuclear-powered vessels in the region.

Fibre2Fashion News Desk (DS)