June 16, 2021

EU, US launch trade, technology council to outcompete China

Source: South China Morning Post

Journalist: Finbarr Bermingham

The European Union and United States launched a trade and technology council that seeks to “write the rules of the road” on the global economy, in the face of growing competition from China. It was the latest salvo against Beijing on US President Joe Biden’s whistle-stop European tour, which had seen him succeed in rallying support among the G7, Nato and now EU for a much-vaunted transatlantic coalition to face down China’s rising influence.

A joint EU-US statement said the council would focus on removing trade barriers, setting global standards and promoting joint innovation in key technologies.

Read the full story and more from South China Morning Post.

Author

  • Martijn Rasser

    Former Senior Fellow and Director, Technology and National Security Program

    Martijn Rasser is the former Senior Fellow and Director of the Technology and National Security Program at CNAS. Prior to joining CNAS, Rasser served as a senior intelligence ...