According to a statement, later in this month, the EU and US officers are going to try to modify their approaches regarding regulating major technology companies and support democratic ethics on the internet.
Moreover, the development of an EU and US technology council was approved at a summit in June. The work starts because both parties outlining principles that could thoroughly modify the ways major technology companies, including Apple, Google, and Facebook, conduct business.
The US will surely press Europe to assist curb the objectives of rising superpower China. The first foreign Trade and Tech Council is going to occur in Pittsburgh, a US tech hub, on September 29.
It is going to be held under the leadership of the US Secretary of State Antony Blinken, Commerce Secretary Gina Raimondo, and US Trade Representative Katherine Tai.
EU official vice presidents Margrethe Vestager, the bloc’s tech supremo, and Valdis Dombrovskis will lead from the European side.
The council moved on at the demand of the Europeans who wanted concrete indications of appeased transatlantic cooperation after a number of years facing pressure under President Donald Trump, particularly over business affairs.
According to a joint statement,
“This inaugural meeting … marks our joint commitment to expanding and deepening transatlantic trade and investment and to updating the rules for the 21st century economy.”
It further added,
“Building on our shared democratic values and the world’s largest economic relationship, we have been working hard … to identify the areas where we can take concrete steps to ensure trade and technology policies deliver for our people.”
The statement said the meeting will consist of 10 working groups on topics that include cooperation on technology standards, supply chain security and security and human rights abuses online.