US And EU To Increase Export Control Measures At May 30-31 TTC Summit

Bloomberg has reported that the US and EU will increase coordination of export control measures "to fight back against economic coercion from countries such as China," at a fourth meeting of the Trade and Technology Council later this month.

• According to the draft statement seen by BBG, Washington and Brussels will commit to “continue coordination in the field of export controls and cooperation on investment screening and to address the challenges posed by, among other issues, non-market policies and practices and economic coercion."
• The document continues: “We will continue cooperating among ourselves and work with other states in strengthening effective and responsible export controls to address the challenges posed by the misuse and illicit diversion of technologies critical for the development of weapons of mass destruction.”
• BBG: "After nearly two years of transatlantic trade negotiations, Joe Biden’s administration and the EU aim to produce concrete economic deliverables at the May 30-31 meeting of the Trade and Technology Council in Sweden."