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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.
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