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Rutte: Netherlands Under No Pressure To Implement Chip Export Control
Prime Minister of the Netherlands, Mark Rutte, has told reporters that he does not feel that he is being "put under pressure" by the Biden administration to implement export controls on high-tech semiconductor components to China.
- Rutte will travel to Washington on Tuesday for a bilateral meeting with US President Joe Biden which is expected to cover measures to throttle China's access to high-tech semiconductor components.
- The Biden administration has declared a desire for the Netherlands and Japan to follow a US measure put in place in October to restrict China's military development.
- Rutte's comments, per Reuters: "This is a terrain where we're a world player and we can conduct discussions about it without immediately talking in terms of being 'put under pressure'. I don't experience it like that at all."
- Rutte: "When you're talking about vital technologies … it can be important to talk to others about that, so that's what we are doing, but from a position of sovereignty, self-confidence."
- Rutte said that although discussions on chips will take place he expects Ukraine to be on the top of the agenda.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.