The main areas where the European Union and the US want to join this council are foreign investment, export control, AI and semiconductors, according to information leaked to EURACTIV.

A Trade and Technology Council It is an EU initiative to find common ground on critical issues related to global trade and emerging technologies. The first meeting will take place next Wednesday (September 29) in Pittsburgh.

However, France is seeking to postpone the summit until next month, following an agreement between Australia, the UK and the US, which will cost Paris a crucial defense deal.

Several member states, including Austria, Germany, Ireland, Italy and the Netherlands, have put pressure on the French request.

Despite the statements of French Commissioner Thierry Breton “Something broke” In Atlantic maritime relations, the postponement is still under consideration.

Regardless of the timetable, the major sticking points of the Atlantic Ocean are likely to remain the same. Discussions on foreign investment and export restrictions are (but not limited to) China. Both partners seek to establish common principles regarding artificial intelligence and better cooperation in semiconductor value networks.

As requested by the European Union, negotiations on a confidentiality agreement for international data transfers are not part of the conclusions.

Foreign investment

The Joint Statement acknowledges the importance of a thorough review of foreign acquisitions as a whole by “appropriate” enforcement mechanisms based on the OECD guidelines established in 2009.

“We intend to maintain investment screening regimes that are particularly responsive to national security and risks to public order at the European level.”, Can we read in the document.

The two blocks will occasionally meet in a dedicated working group to discuss trends and best practices. Multinational cooperation with other international partners will also be sought.

In May, the commission issued a recommendation that companies backed by foreign governments should seek EU approval before purchasing strategic European assets.

Export control

According to the joint declaration, export control is calculated “We need to ensure that our international obligations and commitments are respected.”, Especially to effectively protect international security and equal opportunities at the global level.

The document makes special mention of new technologies that are of serious concern when applied in the field of defense and security with potential implications for human rights.

“The European Union and the United States recognize the need to regulate the trade in certain dual goods, especially certain cyber surveillance technologies, to prevent their misuse in a way that could lead to serious human rights violations. Human rights or international humanitarian law.”, The statement continued.

In other words, both partners are committed to adopting a unified approach to effectively regulate the transfer of sensitive technologies. The reference to the Pegasus case is clear, as the NSO, an Israeli security firm, sells powerful hacking software to several authoritarian regimes.

artificial intelligence

Artificial intelligence is another Point The European Union and the US are trying to find a common ground. In April, the Commission launched one of the most desirable legislative proposals on this technology, which it wanted to bring to global standards.

The majority of the text of the joint declaration accepts the EU’s recommendation, stating that the development of AI should be people-centered and faith-based. Both blocks agree on the use of a risk-based approach, “It allows the community to reap the benefits of AI by ensuring the necessary protection.”

The document goes further by stating that the European Union and the US are targeted “Consolidation of the principles underlying our cooperation will be exchanged in mutual understanding about their implementation.”

Future plans Machine learning Other artificial intelligence systems were considered for future cooperation and a working group was established to identify common criteria.

Semiconductors

The global semiconductor shortage has forced most economic powers to strengthen their strategic capabilities. This is the situation in the EU and the United States, where they are now trying to better co-operate with each other on this crucial supply chain.

We stress the importance of jointly identifying gaps in the semiconductor value chain and strengthening our national semiconductor ecosystems through research, design and construction to enhance resilience, through stakeholder consultation and appropriate incentives., Refers to the joint statement.

The general commitment is to avoid the race for subsidies, as this will hamper private investment.

The strategic semiconductor source is related to foreign investment control because both blocks are visible “Risk from some foreign investment” Is committed to a unified approach to prevent foreign acquisition.

D ‘Other working groups will address global trade, climate, green technologies, security and the competitiveness of chains. d ‘ICT distribution and threats to human rights l ‘And man l ‘Digital reception of small and medium enterprises (SMEs).