US and EU will join forces against inflation
2022.12.02 13:57
US and EU will join forces against inflation
Budrigannews.com – The draft joint statement says that officials of both sides will declare at the next meeting that they will try to constructively solve the problems of the European Union on the new subsidy program for clean energy in the United States, as well as try to solve the EU problem on new subsidy packages for clean energy.
The bloc of 27 countries is worried that the tax benefits provided for by the US law on reducing inflation of $ 430 billion may prevent the European automaker and the manufacturer of environmentally friendly equipment from expanding their activities in this region.
The agenda of the meeting of the Council of Europe and the United States on trade and technology on December 5 includes this topic. US Trade Representative Caitrin Tai, Secretary of State Anthony Brlinken, Executive Deputy Prime Minister of the European Commission Vladis Dombrowski and Margree Vestager also took part.
The draft joint statement, which was planned to be released on the results of the meeting on December 1, 2014, stressed: “We recognize the EU’s concern, emphasize our confidence in their constructive solution.” Reuters got acquainted with the draft documents, which could still be changed, but there were no specific measures in it.
According to this document, both countries agreed to create a single tool for exchanging information on government support to avoid a subsidy race, as the United States and the European Union plan to provide chip manufacturers with significant government funding. Together with public support, both sides exchange information, as well as experience in developing an investment strategy.
The document stated that the parties are studying appropriate policy measures, coordinating measures to diversify supplies and warned about the threats posed by non-market economy and practices, in particular, threats posed by non-market economic policies and practices, especially with regard to manufacturers of medical equipment.
According to the statement, “for this purpose, we will continue to form a common point of view of China’s economic and industrial directives, as well as other non-market policies and practices.” The responsibilities of a major technology company such as Alphabet NASDAQ: were the focus of a joint project to protect human rights defenders online.
Combine Twitter and Meta, as well as Google. According to the statement, “We strongly invite companies to prevent abuse of their product and platform, exercise due caution and take effective measures to combat any forms of violence on the Internet, illegal or arbitrary surveillance of human rights defenders…”-” We support and hold technology platforms accountable, and we recognize the importance of government to improve internet security and safety.”
According to the aide, only two hours of meetings of ministers concerning European affairs were allowed on the agenda, so the head of the European Industrial Union, Thierry Bradton, unexpectedly skips the meeting. Instead, Breton will be taking bilateral trips to the U.S. in early 2022.
