WASHINGTON, Sept 27 (Reuters) – The US and the European Union hope to debate chip shortages, synthetic intelligence (AI) and tech competitors points in the course of the first Commerce and Tech Council (TTC) assembly this week, senior U.S. administration officers mentioned on Monday.
On Thursday, Reuters was first to report the actions the US and the European Union are planning to announce from the primary TTC assembly, akin to taking a extra unified method to restrict the rising market energy of Huge Tech.
Earlier this month, the White Home introduced that the council would meet for the primary time on Sept. 29 in Pittsburgh.
U.S. Secretary of State Antony Blinken, Commerce Secretary Gina Raimondo, U.S. Commerce Consultant Katherine Tai and EU commerce chief Valdis Dombrovskis are scheduled to attend together with European Commissioner for Competitors Margrethe Vestager.
On Sunday, EU’s commerce and digital chiefs said the council would give Europe extra clout and set requirements and guidelines for the twenty first century.
“We as an administration consider in sturdy pro-competition regulation. … We do assume as a chunk of that now we have alternatives to work along with the European Union,” an administration official mentioned.
The administration officers mentioned the US is discussing with their European counterparts points and suggestions they’ve across the Digital Markets Act and the Digital Providers Act – legislative proposals from the European Union that supply a framework for regulating the tech sector.
A number of tech commerce teams in Washington mentioned the trade doesn’t need the European method to digital regulation to be adopted in the US.
“The danger is that the European facet will press the US to harmonize its rules with the EU by taking a precautionary method … which might skewer America’s main tech corporations,” mentioned Robert Atkinson, president of the Data Know-how & Innovation Basis, a tech assume tank based mostly in Washington.
“We should not do this, nor do we have to. Our pursuits are broadly aligned and suitable, notably in terms of China,” Atkinson mentioned.
The highly effective U.S. Chamber of Commerce mentioned the TTC’s actions ought to “keep away from insurance policies and regulatory measures that concentrate on companies headquartered within the different occasion — explicitly or implicitly — by regulation or regulation.”
Mitigating a extreme chips scarcity that has damage corporations together with U.S. automakers might be a precedence for the panel, the officers mentioned.
The event and implementation of AI that enhances privateness protections may also be checked out and a joint research on how the expertise impacts world commerce might be undertaken, they mentioned.
A U.S. administration official additionally mentioned U.S.-EU discussions on metal and aluminum tariffs are continuing on a separate observe from the TTC course of, hopefully with steerage on the trail ahead by the top of the 12 months.
Reporting by Nandita Bose and David Lawder in Washington; Enhancing by Nick Macfie, Jonathan Oatis and Himani Sarkar
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