U.S.-EU Trade and Technology Commission (TTC) Released Its first joint statement reiterated its commitment to exploring solutions to large-scale problems, such as the West’s dependence on other regions in most of its technology supply chain.
The committee has a broad area of focus, covering everything from encouraging transatlantic trade agreements to responding to the climate crisis. This is where the “trade” part comes in. As for “technology”, TTC’s statement also revealed various global issues that it will explore in this regard. read:
“We strongly hope to promote digital transformation to stimulate trade and investment, benefit workers, protect the environment and climate, strengthen our technological and industry leadership, set high global standards, promote innovation, protect and promote key and emerging technologies and infrastructure . We intend to cooperate in the development and deployment of new technologies to strengthen our common democratic values, including respect for universal human rights, advance our respective efforts to respond to the climate change crisis, and encourage compatible standards and regulations. We intend to cooperate to Effectively solve the problem of technology abuse, protect our society from information manipulation and interference, promote safe and sustainable international digital connections, and support human rights defenders.”
Many of these goals are vague—for example, there are many ways to use technology to “solve the climate change crisis,” and “abuse of technology” is such a broad statement that it’s almost meaningless—but the TTC did identify a plan for it Explore some specific issues related to technology in the coming months.
TTC started with artificial intelligence technologies. It stated that “if they are developed and deployed irresponsibly or abused, they may threaten our common values and fundamental freedoms.” Therefore, board members will “affirm their willingness and willingness to develop and implement artificial intelligence. Intentions are systems that are innovative, trustworthy, respect universal human rights, and share democratic values. “
Next step: Resolve Chip shortage. This is a major issue for almost all industries on the planet. The United States and the European Union have All explored Ways to increase domestic Semiconductor production So they can reduce their dependence on Asia, which is currently Almost the entire market. Companies such as Intel with TSMC Also promised Build a new fab The results are in these areas.
The TTC stated that the United States and the European Union are reiterating their “commitment to establishing a partnership in the rebalancing of the global semiconductor supply chain to strengthen their respective supply security and their respective capabilities to design and produce semiconductors, especially, but not limited to those with leading positions. Capable people.” (Just in case someone thinks they don’t care anymore.)
TTC said: “This partnership should be balanced and have equal benefits for both parties.” “We emphasize the importance of working together to identify gaps in the semiconductor value chain and strengthening our domestic semiconductor ecosystem.”
The committee announced the establishment of 10 working groups dedicated to exploring specific areas of its established mission, 8 of which are directly related to technology. These range from the technical standards group “responsible for the development of coordination and cooperation methods for key and emerging technology standards (including artificial intelligence and other emerging technologies)” to the new export control group.
More information about some specific issues of the TTC, especially those related to artificial intelligence and semiconductor supply chains, can be obtained through the joint statement.The U.S. State Department also issued a Fact Sheet Regarding the Council, the Office of the United States Trade Representative has Share more information Regarding its participation in several working groups announced on Wednesday.