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Competition, chips, AI on the table at the first trade and technology meeting between the US and the EU

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WASHINGTON – The United States and the European Union hope to discuss chip shortages, artificial intelligence (AI) and technology competition issues during the first meeting of the Trade and Technology Council (TTC) this week, senior officials from the American administration.

On Thursday, Reuters was the first to report https://www.reuters.com/technology/exclusive-us-eu-look-work-more-closely-regulating-big-tech-summit-2021-09-23 the shares. that the United States and the European Union plan to announce from the first TTC meeting, how to adopt a more unified approach to limit the growing market power of big technologies.

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Earlier this month, the White House announced that the council would meet for the first time on September 29 in Pittsburgh.

US Secretary of State Antony Blinken, Commerce Secretary Gina Raimondo, US Trade Representative Katherine Tai, and EU Chief of Commerce Valdis Dombrovskis are scheduled to attend alongside European Commissioner Competition, Margrethe Vestager.

On Sunday, EU trade and digital chiefs said https://www.reuters.com/world/us/eu-says-us-trade-tech-council-boost-its-clout-set-rules-21st- century-2021 -09-26 the council would give Europe more influence and set standards and rules for the 21st century.

“We, as an administration, believe in strong regulation in favor of competition. … We believe that we have the opportunity to work together with the European Union, ”said an administration official.

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Administration officials said the United States is discussing with its European counterparts the problems and recommendations they have around the Digital Markets Law and the Digital Services Law, legislative proposals from the European Union that offer a framework to regulate the sector. technological.

Several tech trade groups in Washington said the industry does not want the European approach to digital regulation adopted in the United States.

“The risk is that the European side will pressure the United States to harmonize its regulations with the EU by taking a precautionary approach … which would cut through the major US tech companies,” said Robert Atkinson, president of Information Technology. & Innovation Foundation. a Washington-based group of technology experts.

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“We shouldn’t do that, nor is it necessary. Our interests are broadly aligned and compatible, particularly when it comes to China, ”Atkinson said.

The powerful US Chamber of Commerce said the TTC’s actions should “avoid policies and regulatory measures that target companies directed by the other party, explicitly or implicitly, through laws or regulations.”

Mitigating a severe chip shortage that has hit companies, including American automakers, will be a priority for the panel, the officials said.

The development and implementation of artificial intelligence that improves privacy protections will also be discussed and a joint study will be conducted on how the technology affects global trade, they said.

A US administration official also said that discussions between the US and the EU on steel and aluminum tariffs are moving along a separate track from the TTC process, hopefully with guidance on the way forward for end of the year. (Reporting by Nandita Bose and David Lawder in Washington; Edited by Nick Macfie, Jonathan Oatis, and Himani Sarkar)

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In-depth reports on the economics of innovation from The Logic, presented in association with the Financial Post.

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