EU backs U.S. tech trade declaration after French concerns

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U.S. and European Union flags are pictured throughout the go to of Vice President Mike Pence to the European Fee headquarters in Brussels, Belgium February 20, 2017. REUTERS/Francois Lenoir/File Photograph

BRUSSELS, Sept 29 (Reuters) – European Union governments dedicated to a joint EU-U.S. declaration on expertise cooperation on Wednesday, simply in time for a key transatlantic assembly, after France threatened to dam it until it was watered down, EU diplomats mentioned.

Senior U.S. and European Union officers purpose to debate semiconductor shortages, synthetic intelligence and tech competitors points on the inaugural assembly of the Commerce and Know-how Council (TTC) on Wednesday.

The TTC assembly had been unsure final week due to French anger over Australia’s scrapping of a $40 billion submarine contract and resolution to choose as a substitute for a cope with the US and Britain to purchase nuclear-powered vessels.

EU diplomats mentioned France wished to strike out a reference to a second assembly in spring 2022, when the French presidential election will happen.

It additionally sought to melt language on a proposed semiconductor provide chain partnership that mentioned the EU and the US had been mutually dependent, the diplomats mentioned.

After talks till late on Tuesday, reference to the second assembly was struck and the semiconductor passage was adjusted to spotlight short-term, reasonably than long-term, provide dependency.

The revised textual content was cleared on Wednesday at a gathering of EU ministers on competitiveness of the EU market.

Diplomats mentioned French reservations had been much less associated to the submarine dispute and extra to France’s stronger perception in EU autonomy.

U.S. Secretary of State Antony Blinken, Commerce Secretary Gina Raimondo, U.S. Commerce Consultant Katherine Tai will host European Fee vice presidents Valdis Dombrovskis and Margrethe Vestager in a discussion board in Pittsburgh additionally designed to set tech requirements.

Reporting by Philip Blenkinsop, Enhancing by William Maclean


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