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US, EU Talk Big Tech Regulations At Trade Summit

 |  September 29, 2021

Officials from the US and the European Union are meeting on Wednesday, September 29, to forge a unified stance regarding new technologies while also expanding trade and investment ties, according to multiple reports.

The US-EU Trade and Technology Council (TTC) was formed at the US-EU Summit in Brussels on June 15 and is holding its inaugural summit at a Pittsburgh steel mill repurposed as a development center for artificial intelligence, robotics and advanced manufacturing.

“We renewed our engagement with the European Union, a fundamental partner in tackling the full range of significant issues facing our world today,” President Joe Biden said in a White House statement.

Tackling issues like data governance and technical standards, the summit will consist of 10 working groups that will seek common ground on export controls, securing supply chains and regulating artificial intelligence (AI) and other emerging technologies. Although no one country is expected to be singled out, competitive threats by “nonmarket economies” are a concern, per reports.

The misuse of technology threatening security and human rights are also up for discussion, as are investment screening, and access to, and use of, digital technologies by small and medium enterprises, according to a statement by the EU.

Overall goals of the initial summit include developing a joint framework of cooperation that moves beyond differences and begins to align both regions’ priorities.

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