The EU claims that the United States’ trade and technology councils will increase its clout and set rules for the twenty-first century.

The US-EU Trade and Technology Council (TTC), according to the EU’s trade and digital chiefs, will give Europe more clout and set standards and rules for the twenty-first century, highlighting global concerns about China’s growing power.

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Valdis Dombrovskis and Margrethe Vestager made remarks on Tuesday in preparation for the Trans-Pacific Partnership (TPP) meeting in Pittsburgh on Wednesday.

“This new platform has enormous strategic and geopolitical significance as a means of establishing standards and rules for the twenty-first century. We require the assistance of this Council in order to improve our position “Dombrovskis, he told the press.

Dombrovskis, on the other hand, insisted that the platform was not aimed at any specific country.

According to him, “TTC is not about any specific third country; it is about cooperation and coordination” between the United States and the European Union in various policy areas.

The Council will be divided into ten working groups, each focusing on a different aspect of technology, such as green technology or supply chain security.

According to Vestager, all of these areas are critical to the EU. It’s a package that “covers both offensive and defensive interests,” she told the press. According to Dombrovskis, French outrage over Australia foregoing a $40 billion submarine deal in favour of one with the United States and the United Kingdom should not distract the EU from its long-term interests. We’ve seen that friends can make mistakes in recent weeks, but we knew that this shouldn’t cloud our judgement on our strategic alliances,” he said.

The meeting will be co-chaired by US Secretary of State Antony Blinken, Commerce Secretary Gina Raimondo, and Trade Representative Katherine Tai, in addition to Dombrovskis and Vestager. The European Union hopes to hold another summit in Belgium in the spring of 2020.


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