US-EU TTC finalises economic, tech policies, initiatives at Paris meet

The meeting was co-chaired by secretary of state Antony J Blinken, secretary of commerce Gina Raimondo and US trade tepresentative Katherine Tai from the US side and European Commission executive vice presidents Margrethe Vestager and Valdis Dombrovskis from the EU side, according to a White House factsheet.

The meeting announced key outcomes. There will be deeper information exchange on exports of critical US and EU technology, with an initial focus on Russia and other potential sanctions evaders, coordination of US and EU licensing policies and cooperation with partners beyond the United States and the EU.

A joint road map will be developed on evaluation and measurement tools for trustworthy artificial intelligence and risk management, as well as a common project on privacy-enhancing technologies.

The US-EU Strategic Standardisation Information (SSI) mechanism will be created to enable information sharing on international standards development.

Further, a new cooperation framework will be chalked out on issues related to information integrity in crises, particularly on digital platforms, with a focus on ongoing issues related to Russian aggression, including Russia’s actions to manipulate and censor information.

A stakeholder-focused trade and labour dialogue will be initiated to discuss policy options to promote internationally recognised labour rights and to help workers and firms make successful digital and green transitions, remain globally competitive and enjoy broad and inclusive prosperity.

An early dialogue has been proposed on shared trade concerns regarding third-countries measures or initiatives and an early stage consultation mechanism regarding bilateral barriers that may disadvantage the trans-Atlantic economy.

Additionally, a US-EU guide to cybersecurity best practices will be formulated for small and medium enterprises, whose business has been affected disproportionally from cyber threats.

Fibre2Fashion News Desk (DS)